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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

Comment by Macloud1on Mar 21, 2019 10:57am
134 Views
Post# 29516799

RE:Unrealized Loss

RE:Unrealized Loss 12GA the unrealized loss is the difference in the dollar exchange from what it was when they borrowed the money (bonds) in 2017 around  1.29 and what it was at the time of calculating the year end report 1.36 . It is unrealized becasue we haven't lost anything yet . We only realize a loss or a gain when the debt is repaid. So whne we pay the bonds let say 3 years from now and if the dollar is at 1.29 again then all the losses they had to account for because of accounting rules would be massive gains. So technically we have 12 milion dollar profit for the year. 
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