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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 explmanon Sep 14, 2022 10:42am
237 Views
Post# 34961626

RE:Future

RE:FutureThis will not go bust. There is far to much important Irish money in this. DD will not allow this to fail. BUT, it will likely require a rebalancing of the balance sheet which could see debt being convertd into equity, at a substantially lower share price. This could be bad for currrent shareholders. I think the way to play this is to allow the equity to get nuked, buy the "new equity" after the balance sheet is sorted. You may make some money. Look at Petra, after their equity went to zero, they arose from the ashes and now are paying a dividend to the "new equity" holders.
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