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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 Feb 05, 2014 8:56am
289 Views
Post# 22173540

RE:RE:RE:RE:I'l be darned !!

RE:RE:RE:RE:I'l be darned !!That could be the greatest thing that would happen to us. When Patrick renegotiated in 2000 he did make provisions for an opting out clause that if Debeers opted out that MPV could go at it alone and become the new operator . Debeers would have to provide cash or lose their stake on a prorated dwindling scale based on the amount of money that MPV would sink into the project. The TIGs would jump at this opportunity. There is no way Anglo will back down on this rich project. The carat count is based on the drilling results excluding any big diamonds . The true value of this project is beyond anyones comprehension.
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