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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 tinytoton Mar 30, 2019 7:34pm
64 Views
Post# 29559456

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hey, Mac, screen change question

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hey, Mac, screen change question

Look at it this way:

 

You have 3,253 stones, 81% are big, 19% are little. You sell all 3,253 for US$240,000,000

 

You sold the 618 little stones (19%) for US$8each = US$4,900,000

 

That means you sold the 2,635 big stones (81%) for US$240,000,000 – US$4,900,000 = US$235,100,000

 

Which in turn means that you got US$235,100,000 / 2,635 carats = $89/carat for the big stones.

 

Now you decide to up production by 10% and throw away all the little stones.

 

That means you are going to get 263 more big stones which you will sell for 263 X $89 = US$23.400,000

 

However you will be throwing away 62 little stones for which you would have been paid US$8 = US$5,000,000

 

So your increase in revenue on the deal will be US$23,400,000 – US$5,000,000 = US$18,400,000.

 

End of story.


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