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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 ValueSpotteron Jan 12, 2018 6:56pm
162 Views
Post# 27346669

RE:RE:What is the trigger for a Las Vegas trip?

RE:RE:What is the trigger for a Las Vegas trip?rdgeo, You brought up a good point which hopefully I can clarify. Before any diamonds came out of the ground an agreemtn had to be in place regarding the special stones. My understanding is that the current bidding process was established for the special stones to account for the possibility that an odd number of special stones came up every month or an odd number of stones with different potential value depending on market conditions. To use an extreme example let's say October had three 5 carat high quality stones, November had none and December had a single 50 carat stone. How could that be divided each month or each quarter for that matter. Now one could say that they should wait for an equal number of stones to come out of the ground before dividing them up but, again, the agreement had to be in place before any stones came out of the ground because... well... the possibility of the above scenario. Does this help? P.S. we will get a dividend this year. If not, I'll take you to the Flames game when Vegas is in town and I'll buy you a Guiness at Dutton's. VS
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