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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 ValueSpotteron Jul 14, 2015 10:54pm
119 Views
Post# 23924594

There's your answer...

There's your answer...See... the golfers think there will be a few more seasons of drilling... and the British invasion is building... so combine the two and you have your answer. Drill up KDI Faraday and Kelvin. If the tonnage is around 20 million and the grade is around 2cpt and the $ per carat is around 150 then at the end of season 2, JV has a decision to make. But... if we hit 30 million tons and a few large diamonds show up at KDI. RIO or DDC or the Company in which I am heavily invested are all in the mix. The only fly in the ointment is ALROSA. If oil stays low, ALROSA becomes an exporter of quality diamonds at a cheap production price. But the Saudi ' s are running out of cash so low oil is likely not going to be a factor for too long... just long enough to build our mine at a discount. Just my opinion, not yours... the VALUE SPOTTER!
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