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Bullboard - Stock Discussion Forum 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... see more

TSX:MPVD - Post Discussion

Mountain Province Diamonds Inc > Let's "Warren Buffett" this stock
View:
Post by MDiamont on May 10, 2023 12:29pm

Let's "Warren Buffett" this stock

Perhaps the only way around MPVD is to wait until all the debt is gone and the company announces the first dividents.  That may bring the volume required to place the price where it should be, way over $2 or even $4.  It is difficult to find an asset so underevaluated so let's Warren Buffet this one, and stay a bit longer.
Comment by explman on May 10, 2023 6:43pm
But 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 ...more  
Comment by Sparks on May 11, 2023 2:57am
I think your analysis is probably correct which is diappointing for those seeking some true value reflection now. The only game changer to that is if there is a deal with De Beers announced on Kennady Lands/Hearne in the short term or a refiance in the short term that would refinance bonds on favourable terms and fast forward some dividend payments. While some may be nay sayers on the board(and i ...more  
Comment by Diamondboy123 on May 11, 2023 8:58am
You are so damn correct sparks. There is clear value here.  The early bird shall benefit tremendously here.  Let's see where we are at in the fall.  Remember this post. 
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