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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 Oct 22, 2018 4:09pm
80 Views
Post# 28850883

RE:RE:RE:RE:NEW 8 YEAR LOW

RE:RE:RE:RE:NEW 8 YEAR LOWI don't think you can blame management.

Not that I think they are very useful, I just think they are virtually non-esential caretakers, who are basically powerless.

Our problems are:

1. Not producing the "White Gems" that the bulk sample predicted.

2. The price decline in the rough market.

I think management can do nothing to correct these problems. They may correct themselves, at least so I hope, but maybe not.

I consider our management to be teats on a bull, and I cannot see that changing no matter whom you put in charge.

They are grossly overpaid, but that is the name of the exploration game and we knew that going in. 

I am not sticking up for them, I am just saying that they are irrelevant to the solution of our problems, and to cry about them is to cry over red herrings.

Their current job descriptions are for eunuchs.

MPVD management, no matter who sits there, has no power to make significant changes. They can't make it better, or even screw it up, even if they wanted to.
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