Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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

Mountain Province Diamonds Inc

Bullboard Posts

Comment by tinytoton Mar 30, 2019 3:49am

54 Views

Post# 29557741

RE:RE:RE:RE:RE:RE:RE:RE:RE:hey, Mac, screen change question

Macloud1 wrote: There is something drastically wrong here . If you take the same production in 2018 which is 3,194,000 tons. [.of ORE..] Help me out here either the theory is not working or something is wrong.

Your problem is that you were saying that 19% of the ORE was -1.25mm, when it was 19% of the DIAMONDS that were -1.25mm.

You are doing apples v. oranges. Assume that all of the ore was as big as oranges (perhaps it was,) your 19% of fine diamonds is irrelevant to the ore tonnage.

If you apply your 19% to the diamonds produced, 693,700 carats, as I did, you will be OK.

Bullboard Posts

How a junior advances one of the largest undeveloped diamond projects