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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 briton Nov 21, 2006 8:50pm
132 Views
Post# 11725497

RE: Hasn't Anyone a copy of the MPV/DB JV?

RE: Hasn't Anyone a copy of the MPV/DB JV?Good post Lit. There are several questions on the MPV website, and management's response to them. However, questions such as: 1] Can MPV/CFV keep their % at 49% by covering their share of the expenses for the feasibility study and mine start-up? 2] Who is in charge of the forensic auditing process, to ensure that accounting principles are adhered to, and all costs are by tender etc. 3] etc. If we had a copy of the actual agreement, on the other hand, then we would be able to carefully review it, and determine EXACTLY what can and cannot be done to maximize (MPV/CFV) shareholder value. Cheers, Brit
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