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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

Post by DenvCol1on Oct 30, 2013 9:43am
342 Views
Post# 21861192

De Beers and Mountain Province

De Beers and Mountain Province
I have believed all along that de Beers would stay with their 51%/49% relationship with Mountain Province all the way to production!  If I am wrong, I will be the first to admit that I was wrong.  Now that de Beers is an established diamond producer in Canada, I don't think they can afford to be a "hostile player" in such a large Canadian diamond mining industry.  They will continue to look for great diamond opportunities, but will pursue those opportunities in a professional manner!  De Beers played by Canadian rules with the permitting of Gahcho Kue, and now it its paying off!  Canadians willl not allow any compromise of their Sovereignty when it comes to diamond mining in the North or anywhere alse in Canada!
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