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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 diamhunteron Sep 25, 2020 8:27am
160 Views
Post# 31619066

RE:RE:wonder what

RE:RE:wonder whatRD - Spot on. Trust in the market is akin to virginity. Once it's lost, it's gone forever. Who trusts these clowns? Certainly no one in London! You ask a key question: why did DD allowed this to happen? This was a great company that enjoyed the trust and confidence of shareholders, bankers, etc. If there was still trust and confidence, the banks would not have bailed on the working capital facility. DD wouldn't have had to dig into his pocket to finance the company. Starting on day 1 I've always believed that Brown's allegiance is to De Bums and not with the shareholders - including DD. Give him half a chance and he'll sell MPVD out to De Bums at a rock bottom price. Brown has only one interest - he wants to be CEO of De Bums. MPVD, like the now bust Firestone, is just a stepping stone. Everyone on London knows that. What he's failed to realize is that he'll NEVER be CEO of De Bums or any other serious mining company. For how much longer will the Dotards tolerate his incompetence? For the sake of the shareholders - including DD - cut him lose!
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