Mountain Prov Diamonds Inc (AMEX:MDM)
A natural resource property exploration and development company. The Company has interests in several natural resource properties.
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Recs
Once the economy recovers and the mine opens this stock will rise.
Recs
Its large Canadian diamond project has been stalled by a slump in the diamond market + an unsatisfactory partner in DeBeers. Looks like they may finally get it out of neutral.
Recs
The Gahcho Kue' diamond project.
Recs
MDM has been mining diamonds for 15 years. So far, they've sold a total of zero carats. Their price has spiked because they've had some promising finds at the Gahcho Kue Project. However, their deal with De Beers means that De Beers gets the majority of any profits from the mine. On top of that, the company estimates it'll take another five years for the mine to become productive. That means five more years of losses and paying contractors with stock. At least all the dilution brings down the loss per share...
Recs
MDM is likely to double in stock price in the next 12 months... It is the Largest on going diamond discovery in the world. It has recently enter into permitting stage and is going threw the nessary hoops with the goverment officials to move to production. MDM stock price is at a 95% discount
to other Canada diamond mines at this stage of production. With the upside of 5 billion + dollars of diamonds it will be the next discovery reaching production.
Recs
This stock was picked to outperform from May 2007 to May 2008 by TMFKipper
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