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.

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Mountain Province Diamonds Inc

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Comment by tinytoton Feb 09, 2017 10:59am

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Post# 25822611

RE:RE:RE:RE:RE:New Cash Injerktions? New money below mine financing price?

As I said on Feb 6:

"Right 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."

They can't pay their 49% share of operating costs with inventory, that takes cash. However if they can sell, I'm guessing, ~80% of their share of production, they should be OK.

But if that 80% gors into inventory, they will have a huge cash problem. As I said, thry can't pay for those mining and processing costs with diamonds. Nor for the cost of the ice road.

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