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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 MDiamonton Jul 04, 2022 9:09pm
168 Views
Post# 34800646

RE:RE:Market doesn't like surprises

RE:RE:Market doesn't like surprisesI don't disagree with you.  MPVD current fundamentals are pretty similar to the ones it was holding back in 2017-2018 when the share price was over $3.50.  In a market where all traders and investors are now looking to profitable companies instead of crazy tech valuations, these shares at $0.53 just don't make sense.  Unless the big boys such as the Irish are using the low volume at MPVD to force the prices down until the company gets closer to the bondholders deadline in December.  With management under pressure, they may get a better deal to take over everything.  I've seen something similar in the past. Anyway, a lot of conspiracy theories at the moment, but one can get creative to explain such disconnection between fundamentals and share price. 
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