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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 Jul 21, 2019 9:22am
162 Views
Post# 29943821

MPVD Deadweight Brown's Stepping Stone to be CEO of De Beers

MPVD Deadweight Brown's Stepping Stone to be CEO of De BeersInteresting - and revealing - conversation with London diamond analyst who knows Deadweight quite well. Key points:

1. Deadweight's sole ambition is to be CEO of De Beers - MPVD just steppng stone to De Beers top job
2. Mr Cleaver, current CEO, in line to be CEO of Anglo American
3. Mr Cleaver and Deadweight close - worked together in past
4. Deadweight making frequent visits to London to raise his profile - incluing meetings with diamond analysts and TV appearances - which MPVD paid for
5. Deadweight has no interest in promoting MPVD to raise value of company
6. If he becomes CEO of De Beers, Deadweight wants to buy MPVD - cheaply
7. Irish oblivious of Deadweight's plans
8. Analyst thinks Deadweight is dilusional and doesn't have snowball's hope in hell of becoming De Beers CEO

Well, well! No we know why Deadweight is so disinterested in promoting MPVD to get fair market value.
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