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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Post by cigarbuttson Mar 04, 2019 6:29am
139 Views
Post# 29436750

Here is a good place to start!!!!

Here is a good place to start!!!!Take a look at Anglo American  Half Year 2018  1H report. It's  on their company website. 

They give production reports and financial reports.     You have to click on the report summary to get the expanded/detailed report.    Lots of details  there on DeBeers and their Canadian operations.

Remember that DeBeers is the operator.  They would have the  primary docs and the accounting. MPVD should  be following about whatever DeBeers Canada produces for costs since they are the operator.     Both companies  MPVD and Anglo use IFRS accounting.     Anglo reports under the DeBeers data detailed accounts for Canada,  for the two mines.   Victor and GK.   

Try and reconcile Anglo numbers just on Cap-ex alone for 1H 2018 to what MPVD reported for the GK mine.   Canada total for DeBeers vs. GK for MPVD.  The Anglo Amercian   numbers reported for DeBeers in Canada  make the MPVD numbers reported on SEDAR look like non-sense.  Period. Full stop.   End of Story.

Any decent forensic accountant will have a field day investigating MPVD books,  in my opinion.

Irony here is that TinyTot debunked my "swapping the diamonds" in Africa or India along the chain of custody with these Private Co's that MPVD is transacting with BEFORE the diamonds get to Bonas,  he said it would be much easier IF anyone was going to steal $$$ from MPVD to just make phony expenses to the company accounts from their  controlled entities. 

Apparently, since our Cap-ex MPVD reported number is above DeBeers Canada reported number,  and they have Victor mine in there too.     The numbers would say We had extra cap-ex for things that DeBeers Canada didn't buy??
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