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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 NormanWellson Sep 18, 2018 1:55am
154 Views
Post# 28637346

RE:RE:Mountain Province finds kimberlite at Gahcho Kue

RE:RE:Mountain Province finds kimberlite at Gahcho KueWe are all conditioned by now for exactly that thought. With a little luck, I believe MPV will trade close to $3 Canadian by the end of the week.

MPV is more likely to gain traction than to reverse. Hard to believe after all this time but this recent chart pattern I have seen before.

Key on the high point for the day of Aug 29 and Aug 31. $2.72 and $2.75 then draw a line forward and you'll see reaching $3 very soon is a reasonable conclusion.

MPV's track record looms large and remains etched in all investors minds. So their reasonable conclusion is whatever the news the stock price will not react to it.

We were at the very bottom of this short-term reversal formation not too long ago. We're moving up at the moment and it should continue towards $3. 

Again this is MPV we're talking about !!!!! Reason many many times hasn't quite panned out. 

This time it sure looks like a reversal !!!!!

Cheers !!!!!


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