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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 Feb 06, 2017 1:48pm
238 Views
Post# 25805489

RE:RE:RE:67.87 Rock

RE:RE:RE:67.87 RockRight now their biggest need is cash. With the mine and plant in operation they have a high burn rate and that $100 +/- million cash on hand won't last long.

Hopefully it won't be long before they are selling ~$30 mil at each showing, but until then I hope they get the ready cash from DeBs.

When they have established sales they can go after the fancies. Right now they are not in a position to pay a lot for fancies and then have to hold them to make a profit. DeBs can easily do that, MPV cannot.

If all goes like we hope, there will be many years down the road where they can play the fancy game - just not now.


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