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 Mar 31, 2017 3:21pm

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Post# 26060145

RE:RE:My analysis of the situation

Macloud1 wrote: Sorry pressed the wrong button

They need ... 100.1 million by September 30th

They will have five more sales between now and 9/30.

Anybody want to project what their average sales must be to raise the $100MM?

Here is my guess:

Assume that they will have $15MM operating costs during that period, so they will need a total of $115MM from five sales.

I am not clear if the April sales can contribute to that, but I'm assuming, from what PE has said, that it cannot, and thus the money will have to come from the June, July, Aug, and Sept. sales.

Thus I am assuming that those four sales have to average about $30MM each to meet our obligations.

I am open to, and request, any corrections or modifications.

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