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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?


To: The Vet who wrote (2627)3/13/2005 11:29:25 AM
From: james flannigan  Read Replies (1) | Respond to of 16206
 
TheVet. Mountain Province does not have to raise any money for their share of the mine.Under the JV they are carried with debeers financing the portion for MPV. In production MPV stock could well be in the C$20 range.MPV could then at that point issue 10m million more shares to pay off the debt to Debeers.This would leave MPVs balance sheet clean and clear of debt.The cashflow would cause the stock to trade in line on a pe like Aber. James