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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Metals & Mining Industrial Metals & Minerals
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

Mountain Province Diamonds Inc
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(44)
•••
Post by tinytoton Jul 07, 2015 8:45pm
156 Views
Post# 23901064

I think it's a misperception of the NR

I think it's a misperception of the NRKDI was up today. I don't think that would have happened if diamond market problems were the cause of our drop.

I think we were down today because of the NR.

I think we were down today because traders thought we were only 62% complete NOW. We were 62% complete a little over a month ago, I think they missed that. (A previous poster has already mentioned this, maybe more than one, I have skipped a lot of postings today.)

Even if I am wrong about it being the 62%, I think that there was somnething in the NR that caused today's drop, and that whatever it was, it is not serious and will correct.

I'm guessing that within 10 days or less the price will have recovered and this will be forgotten.

I don't think KDI is bullet-proof WRT bad industry news.

We'll soon know if I am right or wrong.


Bullboard Posts
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