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dabard51

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dabard51

Re: None

Tuesday, 05/03/2016 1:21:21 PM

Tuesday, May 03, 2016 1:21:21 PM

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MDM: Buy a dollar for just two dimes?

MDM is a Canadian diamond exploration company preparing to become a diamond producing company.

Here's the math, as of 5/2016. Proven plus inferred reserves are 50M+ carats, conservatively valued at US$150/ct. In the ground value of US$7.5Bn.

Shares outstanding 160MM at US$4.15.

Project is 50:50 with deBeers.

The math: 1/2 x 7.5/.160 =$22.87/sh MDM value in-the-ground.

Share price / In-the-ground = 4.15/22.87 = .18 - about 2 dimes.

The project is fully permitted and funded (bank loans in place and being drawn down to fund construction). Project looks to be on time and on budget.

Production scheduled to begin 2H 2016.

MDM latest investor presentation:
http://mountainprovince.com/files/1814/6214/6102/MPV_Presentation_Q2_2016.pdf

do your own due diligence.
disclosure: long MDM
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  • 6M
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