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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

Post by arlekinoon Jun 11, 2017 12:42am
546 Views
Post# 26349667

BIG PICTURE

BIG PICTURE De Beers was playing games with Gahcho Kue and Dermot Desmond , major MPVD shareholder for over 20 years. Dermot Desmond also use the same fatigue technique to De Beers and got into new JV agreement. Reality now: Dermot Desmond was born in 1950 and 67 years old.Time is on De Beers side. What De Beers playing now with MPVD shareholders. During winter Production was stoped, later production sold during the first quarter was sourced primarily from the upper levels of the Northeast Lobe of the 5034 kimberlite, which has a higher population of lower quality diamonds than the average for the whole 5034 kimberlite. As a consequence, realized prices achieved during the first quarter were below the expected average for the 5034 kimberlite as a whole, but are expected to improve as market conditions normalize and more production is sourced from the Center Lobe of the 5034 kimberlite. De Beers knows exactly, where is better grades and where is lower grades. And how much to expect from production. Mountain Province is completely dependent of De Beers, as operators of the mine. MPVD does not have one single person working in the mine, to observe operation? Do we, as a shareholders have any idea, what is going on over there and what protection do we have? Just completely be depended on De Beers. 49% of mine cost came from MPVD and overhead is carry in the same proportion. When engineering company, who made mechanical drawings for conveyor systems and installation of expanded dust mitigation systems at Gahcho Ku made mistake and De Beers accepted that, who will carry the cost? Again 49% on MPVD and lost production and overhead? Its a new mine and its not De Beers first mine in NWT!!!! If Gahcho KUE has large diamonds, why De Beers did not installed TOMRA large diamond recovery (LDR) machine utilizing X-ray transmission sensors ? And now again they are not installing that (LDR) machine ? Too many why? Problem is that directors of MPVD like keeping all remaining MPVD shareholders in dark. Only Limited number knows!!!! All those games and all major sides like to buy cheap MPVD shares. Mr. Evans is a smart man and did not want to be responsible and stepped down, because of triple pressure....
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