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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 Macloud1on Jun 09, 2023 6:05pm
172 Views
Post# 35489417

RE:Does anyone think bankruptcy is in play?

RE:Does anyone think bankruptcy is in play?Diamondboy MPVD has a tough two years ahead of them because they have to get through the granitic kimberlite in the Tuzo. High cost to mine and low diamond count since the 5034 rich ore is at the end of its life. Hence the frop from 2.29 carots per ton to the 1.76 range and lower with the tuzo. The cash flow is tight and they still owe the same amount of money. They just moved it around bonds to line of credit to Dermond. I am still out. Good luck especially witht the diamond prices dropping. 
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