Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Post by Power33on Aug 10, 2022 6:23am
325 Views
Post# 34883834

H1 results

H1 results Production is the key issue I see. If gaucho kue can mine 3.3m carats in second quarter, which is revised production guidance, mpvd will have 1.6m carats to sell. This will be 210m usd in sales in H2, assuming that 130usd per carat is achieved like H1. I see net bonds are 290m usd today and I would expect this to be reduced to 200m usd by year end. Taking out 50m of Desmond's junior bond, this will leave 150m of senior bonds to refinance. Desmond is a huge senior  bondholder I believe so it is certain in my opinion , these bonds will be rolled over in my mind. Mpvd has been redeeming bonds in the market and you have to assume the company has a clear plan to extend them. I note mpvd is using old sales value per karat for kelvin and faraday. They should be updated by about 75pc to reflect current prices.  This adds 2.5bn usd to revenue, which is 100pc owned by mpvd.Current assets of over 200m cad at end of H1 is very nice to see. Exploration seems to be going very well. I cannot see mpvd below 4 cad when bonds are extended and production recovers. They are a fantastic speculative  play today at 61c.
<< Previous
Bullboard Posts
Next >>