MPVIF Mountain Province Mining Message Board

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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: james flannigan who wrote (2017)	7/21/1999 1:40:00 PM
From: MJB	Read Replies (1) of 2577

Here's an opportunity: Camphor Ventures Inc. (CFV-VSE)($1.10) Owns 10% interest in the MPV diamond find at Kennady Lake, NWT. MPV has 44.2MM shares out at $3.85 for a mkt. cap of $170.17MM. They own 90% of the project and nothing else. CFV owns 10% and therefore should be worth 1/9th of the mkt. cap of MPV or $18.9MM. With 10.9MM out CFV should therefore be valued at $1.74. Current market: $1.05-1.10 News on Hearne and Tuzo bulk samples and Wallace and Faraday pipes comes either this week or next or both. Stated another way. C$1.10 CFV is like owning MPV at C$2.43. ($1.10 / 1.74 = 63.2% X $3.85 = $2.43). Of course, the near-term move is dependent on a possible pending merger (between MPV, CFV, and control block holder, Glenmore Highlands) still works over the longer term. Your only risk is the investment horizon and ownership period.

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