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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Post by haywoodmanipulatoron Jun 22, 2013 10:05am
227 Views
Post# 21563674

Emerging Market Collapse

Emerging Market Collapse

and its potential  implications for the diamond market is probably the biggest risk atthe moment...but that may be counterbalanced by the potentially impending world financial collapse that is probably due sometime in the next 2 years (2014/2015).  Now, this is obviously an educated  speculation, but if it happens, gold is king an maybe diamonds too?  At the end of the day. high quality diamonds may be a great store of value. If that is the case, its going to be a rocky road getting there, but get there we will.

The best hope right now is that Tuzo results come in strong, increasing the resource, the permitting is approved, and Anglo gets this into production.  Production is is key-CASH FLOWING Production.  That is what is good for all. Between all of this (Tuzo, Permits, Production) is financing.  If they nail down the financing before th whole financial shebang collapses into a pile a dust, we are good, I think.  Financing is  CRUCIAL An announced financing deal o decent terms will create a lot of value here-maybe not immediately but shortly thereafter.

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