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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 Mar 29, 2023 12:27pm
183 Views
Post# 35367128

RE:Mark wall bought again

RE:Mark wall bought againHaving listened to the investor call a second time, it is very obvious that mpvd management expect to agree an extended life of mine plan with de beers for  the Kennady assets as well as Hearne extension. Mark Wall said that De Beers are driving this work. I think mpvd is worth 5cad today. I see mpvd reducing bonds by over 100m usd  this year, and refinancing with cheaper bank debt by the end of the year. I would hope this refinancing will allow dividends to be paid from next year onwards. Mark Walk is spending his own money buying mpvd shares. This should tell us all the share are completely undervalued. It is time to pile into this stock in my mind at current price level. Even Will Purcell commented that the share price is out of total sync with how the company is performing. If you are looking for long term dividrnd income per year at more than the current share price, this is your buy. Get in before it is too late. 
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