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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 Nov 04, 2022 11:04am
210 Views
Post# 35073079

RE:Totally Believe in MPVD

RE:Totally Believe in MPVDThat is a bad move. If this thing goes to the blue sky limit. You will be taxed as regular income when you withdraw the money. If it tanks you lose. Both are loosing propositions in an RSP because you cannot claim capital gains or losses.  If the shares are in a regular account you at least get a 50% capital gain tax free and only pay tax on the remaining 50%. If it is a lost you at least can recoup the money on future capital gains. The best bet for this spec stock is in theTFSA , no taxes. Also if you were to make a ton of money in an RSP and your income is 76,000 or more you risk loosing your old age security incrementaly until 132,000  where it totally disapears. 
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