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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 DenvCol1on Oct 28, 2013 10:08pm
266 Views
Post# 21856547

RE:RE:RE:RE:RE:RE:RE:RE:Time to find MPV the cash

RE:RE:RE:RE:RE:RE:RE:RE:Time to find MPV the cash
I don't pretend to know as much as you guys when it comes to financing Canadian mineral resource projects.  And i realize we are no longer in the1990's Canadian diamond rush.  And there is no question that Canadian mining stocks are in a slump.  And I know Canada has its own political problems because I hear you guys complaining about the Canadian politicians.  However, unless I am really misinformed, Gahcho Kue with a 33.9% IRR is truly excellent in any economic environment!  The only company that I have seen that can match it is Argex Titanium's IRR of 33%  Stornoway is going forward with its diamond mine with an IRR of about 18%.  I have to believe that the large Canadian Banks and investment firms are not going to pass up the opportuniiy to finance Mountain Province's 49% portion of Gahcho Kue!  I think the banks/financial firms are waiting for the final permits, and are evaluating their strategies for financing Gahcho Kue.  I believe that Mountain Province is really in the "lull before the positive financial storm"!  We are alll going to look back 2 years from now and wonder why we did not buy more MPV at $5 per share in 2013!
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