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Dear Valued Readers:
Our last two write ups were about dividend stocks. The next two will be focused on mining stocks that have found a deposit and are in the building a mine stage.
If your not interested in stocks or other financial commentaries then please use our instantaneous removal link in the footer of the newsletter.
I am not an analyst, broker, or investment advisor. I have been trading the small cap markets for over 20 years and you should consider me a blogger with opinions on equities that you may find interesting. On my web site I have posted over 33,000 interesting news releases and articles over the last 12 years!
Please be advised that YOU are responsible for your own ac
tions and you should consult your investment advisor before making any decisions.
Today I present to you a stock that I have been watching for probably 20 years:
Mountain Province Diamonds [ Website ]
Symbol: MPV [ TSX Quote ] MDM [ AMEX Quote ]
Why I like it:
Location risk is nil. It is located in Canada and all the permitting has been completed, they are building the mine.
The company is stating it will be the world's largest and richest new diamond mine. Projecting cash flow: 49% of $594 Mil. US per year
Joint venture with De Beers (51%).
Probable 55.5 Million carats in 3 kimberlite pipes.
Target is Q3 2016 for start of production.
Click on the small chart above to see the large chart. The company is trading in an uptrend.
Technically a red flag would be if the bottom trend line was broken in the chart I provided. The company is hosting institutional investors at the mine site at the end of the month. They are also arranging a $370 million US term loan for construction purposes.
Thanks for reading!
Warren
Blogger/Researcher
PS: Bonus Information:
Corporate Presentation [ Here ]
The Gahcho Kué Project Video [ Here ]
A short construction video [ Here ]
Construction Photos [ Here ]
Have a great day!
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