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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 May 06, 2014 9:18am
172 Views
Post# 22528115

RE:RE:RE:RE:Now everyone understand

RE:RE:RE:RE:Now everyone understandI wonder why news is taking so long related to Tuzo, financing, etc. We were originally going to get news aqbout the RO in January, then simltaneously with the release of the  feasibility study, then in a few weeks, then........WTFKW!!!!!!   There is somebody who knows!  We'll be the last.

Clearly  the  seller in an illiquid market doesnt want anything to do with it and MPV seems to care less about the price of the stock for the time being, at a time when one would think they would, given their financing requirements.  Maybe they negotiating a royalty deal, but I doubt it.  They would probably never sell future production today because nobody would pay them enough to motivate them to sell it, or would they?
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