Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mar 02, 2014 7:43pm
205 Views
Post# 22270588

RE:RE:RE:Rights Offering vs. Diamond Contracts

RE:RE:RE:Rights Offering vs. Diamond ContractsValueSpotter, it will probably be at least 10 years before KDI is ready for production. The diamond resource needs to be fully defined, then a resource statement, feasibility study, environmental evaluation, permitting, financing, and construction. That is assuming that the economics for the 2 kimberlite dykes (and possibly some new zones that are waiting to be discovered) is favorable. There is no way that 75.1 million carats (possibly more) at Gahcho Kue is going to be held up for possibly 20 million carats at KDI. After all, Gahcho Kue is close to final permits, and a lot of materials have already been delivered to Kennady Lake. The only company that would possibly buy MPV is de Beers. Dominion does not want to buy MPV and be a minority partner to de Beers at Gahcho Kue. However, I don't believe that de Beers wants to buy MPV. I think they are happy with their existing arrangement. Of course, I could be wrong. I predicted that MPV would reach $10 per share in 2013, and it never happened. However, better late than never!
Bullboard Posts