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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 Aug 16, 2023 8:25am
172 Views
Post# 35590535

RE:RE:MPVD Debt

RE:RE:MPVD DebtYes, you are correct. 150m cad is the net debt of mpvd at end of June. Mpvd has announced over 100m cad repayment of bonds in last 7 months. Q3 and Q4 are when costs are very low and I would expect another 100m cad to be paid off debt by year end. This will leave net 50 cad debt at year end. Debt will be less than one to one ebitda at this stage, and I am expecting an announcement in q4 of extending the life of mine beyond 2040, from my interpretation of last press release. Mpvd have exceptionally strong margins , and despite the well publicised production issues over last 18 months, has performed very strongly.We have been told production has picked up post 5 day shutdown. Mpvd is completely undervalued  and this will become very  evident in the future. I am expecting mpvd to repay all its bond holders within 2 years, and despite having 150m positive working capital, I am expecting over 50c eps from 2025 onwards. This is very realistic. Dividends could be up to 1cad a share per year when there is no interest to be paid , and g7 countries have a track and trace ban on all Russian originated diamonds. This is expected to come into force on 01January next year, which should turbo charge rough diamond prices. I cannot listen to diamond boy's juvenile comments, when he clearly has no idea how to read financial statements. I do believe a secondary listing is badly required , and some positive pr would not go amiss. I would also like mpvd to give some revenue projections , which it never has done. I think this is simply absurd, and I think the board need to relook at this. That is my lot for today.
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