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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 Apr 25, 2014 1:52pm
163 Views
Post# 22491895

RE:RE:RE:RE:RE:RE:RE:MPV founders seed $2m market cap Margaret Lake Diamonds

RE:RE:RE:RE:RE:RE:RE:MPV founders seed $2m market cap Margaret Lake Diamondsthey need to get the price down to where the TIGs want to do the RO, mindful of the 10 day or 20 day volume weighted average price-probably some regulatory reason.  So they'll squeeze this down to what looks like to be 5.00 canadian, 4.50 US. Who knows if less.  Here;s the good new: unless the wporld blows up they wont take it down past 3.50 where the prior RO went off.  That might be too hard to justify to the regulatory aauthorities. So, somewhere btw. 3.50 and 5.00 is where they take it.  And when they're ready, they 'll announce the RO.  They say they're looking at all sorts of options, but seriously, what option is better than stealing the asset?
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