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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 catsaftermeon Dec 14, 2013 6:39pm
223 Views
Post# 22006871

RE:RE:RE:RE:more on diamonds - also why MPV is a great buy at this time

RE:RE:RE:RE:more on diamonds - also why MPV is a great buy at this time
the best way to ensure extraction of maximum value for KDI is to demonstrate that it can support a stand alone mining operation.  To do this we will need tonnage.  That way, you can stand on the hilltop and tell DeBeers to pound sand when they try to lowball their takeout price.  And I am sure that the TIGs and PE will do just that. They will find the tonnage and they will stand on the hilltop and tell DeBeers to F___ off! Pay me or leave  and dont let the door smack your butt on the way out.  This is the way it will shake down.
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