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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 20, 2013 8:25am
237 Views
Post# 22025777

RE:DDC activist shareholder

RE:DDC activist shareholder
very interesting indeed.  But with ony 450,000 shares, they are pissing in the wind,  Nonetheless, they make a great case for someone like Carl Ichan or his ilk  to enter stage left and let the games begin.
MPV wont run into this problem.  The TIGS know how to extract maximum share value WHEN the time is appropriate.  The TIGS arent looking to extract large salaries and bonus's and ever presnet cheap stock options (well, maybe cheap stock options) like DDC entrenched management.  They already have PE talking about substantive  dividends, etc.  Once the financing risk is eliminated, look out above.  If and when Gazpacho Kue ever gets to production,  and presuming that MPV is still extant, we will not have the problem of trading below NAV.  So many ways to prevent that with dividends and share buybacks.
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