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 May 17, 2017 7:43pm

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Post# 26257493

RE:RE:RE:A New Funding Idea??

Well, perhaps the company thinks they do not need new funding, but from the shareholders' standpoint, I think I would rather be paying only six or so percent on ~$350M each year and postponing paying the principal for 10-12 years.

If that were the case, we'd be getting a dividend this year.

Not that bonds would ever happen, but I love the idea. (The guy who would issue those MPV bonds the same guy who was all set to finance the Gravina Island Bridge. And he recently bought the Brooklyn Bridge.)

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