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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 May 10, 2023 6:43pm
154 Views
Post# 35441957

RE:Let's "Warren Buffett" this stock

RE:Let's "Warren Buffett" this stockBut you guys do see why the market is hesitant dont you? Ore tonnes mined is a predictor of the future. And in Q4 they were down 31% over last year, and in Q1 of this year they are down again over 50%. Costs up there are relatively fixed, So eventually we are going to enter a period where we will be amortizing ~90% plus of costs over 50% of the tonnes, which assuming like for like grade, means ~50% of the carats. Our cost per carat goes way up, and as Reed said, the market is getting weaker. I love the enthusiasm, but there may be rough seas ahead.
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