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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 > Does anyone think bankruptcy is in play?
View:
Post by Diamondboy123 on Jun 09, 2023 5:42pm

Does anyone think bankruptcy is in play?

Seriously
Comment by Macloud1 on Jun 09, 2023 6:05pm
Diamondboy MPVD has a tough two years ahead of them because they have to get through the granitic kimberlite in the Tuzo. High cost to mine and low diamond count since the 5034 rich ore is at the end of its life. Hence the frop from 2.29 carots per ton to the 1.76 range and lower with the tuzo. The cash flow is tight and they still owe the same amount of money. They just moved it around bonds to ...more  
Comment by claymore55 on Jun 09, 2023 9:39pm
No, as long as they ae showing a profit and reducing debt.  The stock may go nowhere, but bankruptcy is a long ways off, if ever.
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