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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 tinytoton Sep 21, 2016 8:59pm
149 Views
Post# 25263520

RE:New..

RE:New..Well, IMO, this quote from kimber's earlier post is all you need to know:

Patrick Evans, CEO, Mountain Province Diamonds, said: “Today marks the culmination of more than twenty-one years of commitment and support from our shareholders, without which today would not have been possible. I also recognize the support of our lending group and joint venture partner, who helped get us over the finish line. As production and cash flows commence, our singular focus is to repay our shareholders and business partners and to operate this diamond mine for the benefit of our employees and the communities they call home.”

Read more at https://www.stockhouse.com/companies/bullboard#8jR1k2f5PttvtfjH.99
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