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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 diamhunteron Oct 04, 2018 2:09am
98 Views
Post# 28742584

Where's the De Beers Deal?

Where's the De Beers Deal?Six months since the announcement of the MOU with De Beers on a deal with the KDI project - and still no update. Whitless said deal would be done by September - which has come and gone. In the meantime, De Beers acquires Peregrine Diamonds. If the MOU was really the basis for a deal why haven't we seen any further progress? Was this real or just blowing smoke to sell the deal to MPVD shareholders? MPVD shareholders deserve straight answers.
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