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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 Jan 10, 2018 4:06pm
145 Views
Post# 27327372

RE:The Rules of the Game

RE:The Rules of the Game
cigarbutts wrote:
The specials and fancies now fall into what we could call  "BLACK HOLE" investing.     The most important part of what GK mine produces is unknown to the shareholders of MPVD!!!     

If your point is that you would like them to report “For the period there were X carats of fancies and specials and we bid and won them for Y dollars,” or “For the period there were X carats of fancies and specials and we bid and lost them for Y dollars,” I agree that that would be nice.

But it won't change a thing in the final results, not a single entry on the P&L or Balance Sheet will change, so I really don't know what the point is that you are bit¢hing about.

Frankly, all that info would do is give more for uneducated shareholders, or even worse, non-shareholders, to bit¢h about.

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