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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 Mar 12, 2013 8:22pm
219 Views
Post# 21119469

RE: RE: PDAC

RE: RE: PDAC

My dear rdgeo

I have to simpathize with you as you do not seem to understand the complexity of the marriage between MPV and Debeers. Debbers does not have to calculate a Nationa Instrument 43101 because they don't trade on the TSX . MPV is required to because they trade onTSX. Debeers only releases the minimal info they are required under their agreement with MPV. That is why PE has to always go the extra step and get an independant opiniam to comply with TSX rules. Hence the delay in the Tuzo results to second quarter. PE is doing his damdest to keep shareholders informed and your pestering for news is not going to change a thing. I am sure that PE has news at imes that he could release imediately, but I am confident he releases them at the very limit of his required window in order to benefit all the shareholders. It is always a question of timing. I for one am confident he has our best interest in mind since he is a major shareholder himself. If he could do more he would . Be patient. 

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