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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

Comment by ValueSpotteron May 19, 2014 11:05pm
273 Views
Post# 22576546

RE:Under the radar

RE:Under the radarJedi... next social event go tell a few random people that you are invested in a diamond mine. Then tell them it is somewhere near Yellowknife. Then tell them it's not in production yet but it will be in 2 years or so. Then tell them that final permits have yet to be granted and for good measure tell them financing has not been finalized. I wonder if they would invest. Wait... tell them that the company is controlled by these Irish billionaires that never go to the mine and that they only own 49% of the mine. deBeers owns the rest. Now tell them to invest.
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