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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 26, 2014 9:59am
153 Views
Post# 22493929

RE:OT: Rdgeo

RE:OT: RdgeoWI, a most interesting and appreciated post...one that imparts some knowledge and insight (for me at least)...I thank you and apologize in advance for any past and misinterpreted  trangressions.

Also, I think you will profit from any lessons learned with your investment in MPV.  Lets not forget that it wasnt MPV's "fault" that DeBeers purposefully dragged their heels for all those years, electing to choose other less economic  Canadian projects first and explicity choosing to warehouse Gacho Kue diamond inventory. I can only presume they did that to try and smoke out their partner through "attrition". Its been a  Battle of the Somme. Casualties on both sides and little to show for it (thus far).  However, unlike 7 miles of territory gained in the before referenced battle, we have 49% of some very lucrative diamondiferous kimberlites and are still alive to reap the benefits, the smell of which hasnt quite yet wafted into our nostrils, but I can taste its approach. 
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