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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 Power33on Dec 27, 2021 4:14pm
298 Views
Post# 34264338

RE:RE:Jewelry sales up 38 percent

RE:RE:Jewelry sales up 38 percent Sparks, alrosa and de beers depleted all their surplus stocks in 2021 to meet rising demand. These stocks are not there at start of 2022. Hugely increasing demand with a massive drop off in supply next yearfrom 2019 high, will have rough prices going up approx 30 pc next year. If Mpvd can sell at an average price of 100usd, easily achievable looking at diamond market fundamentals today in my view and Mpvd share of  gahcukue is say 3.5m carats, this will give 350m usd in revenue. Costs of the mine is about 200m cad, with an exchange rate of 1.29 cad to usd is about 155m usd. This could give an ebitda of 195m usd or 250m cad. If this is repeated again in 2023, Mpvd may well be debt free. If they hit kimberlite in the  kennady winter drilling program  in Feb or March, this makes Kennady worth at least 1bn cad or 5 cad per share. The combined mine lifes could be 50 years for all we know. De beers missed a golden opportunity in last two years to take out Mpvd. They will have to pay around 500m cad in my opinion to get into Kennady, if at this stage Mpvd would even allow De Beers to get involved. I take the inherent value per share of Mpvd today is about 10cad per share and I think this is a ten bagger in next 12 months. I cannot believe the abysmal low market value today. Anyway, this is my 2022 prediction for Mpvd and we will all see what will happen. Happy new year to all
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