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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 Nov 05, 2018 2:32pm
67 Views
Post# 28925853

RE:RE:RE:RE:RE:RE:Still moving in opposite directions

RE:RE:RE:RE:RE:RE:Still moving in opposite directions
ValueCat wrote: right on. 
Crackpot scrawled letters to the SEC and BOD will do nothing positive for us. 
KDI dea, while annoying, is not the source of our problems.

IMO, in fact, as much as I hate to admit it, as things look RIGHT NOW, the KDI property is probably the best thing that MPVD has going for it.

The mine is profitable and DeBeers likes it. They don't have our debt burden.

If we were debt free, we would be much happier,

The KDI property can extend the life of the mine considerably, that has to be of interest to DeBeers, and perhaps others. I see that as the only chip we have left.

Of course that outlook changes if the mine starts producing at bulk sample levels (and why shouldn't it?) and/or rough prices improve.

I think we paid too much for KDI, but I'm glad it's ours.

All JMO - I've been wrong before.

Ridgeo, we should find out about a dividend in eight days, I think. I'm guessing/hoping for 1¢.
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