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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 Power33on Jul 26, 2022 4:18pm
220 Views
Post# 34852082

RE:one man echo chamber

RE:one man echo chamberIs it just me who sees the light. Mr Desmond has invested more than 500m usd in equity for this stock. He will never destroy the equity. He purchased 3m shares recently at 73c. He has 26 per cent of the bonds and more than 33pc of the equity.  Does anyone really believe he is going to abandon his equity. Never is the answer. He is a long term holder of shares and they will wait till the last minute to announce a restructuring so they can, as has been announced, buy back the bonds at a discount. Does nobody listen to mark wall when he said the restructuring is going to plan.
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