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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 IslandOracleon Mar 13, 2023 4:44pm
242 Views
Post# 35335959

RE:MPVD Announces Intention to Voluntarily Terminate SEC Report

RE:MPVD Announces Intention to Voluntarily Terminate SEC ReportThe OTC volume today was about 11 times higher than normal (nearly 500,000 shares),  so many of the folks who hold the stock in the US seem to have been bailing. From a corporate standpoint,   it doesn't make much sense to have a listing for stock that hardly trades at all in the US.

I notice that some of the posters view the decision to drop the US trading as a major negative development. Given that nothing fundamental about the company's operations has changed,  the decline today should be viewed as an opportunity to pick up shares at a relatively good price.

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