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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 08, 2014 8:54pm
204 Views
Post# 22541681

RE:RE:KDI

RE:RE:KDIuh, way I look at it, KDI is part of the asset package that DeBeers purchases.  Its not a stand alone situation, which is exactly why it needs to be viewed in a different manner than MPV was viewed way back when.  This is one big extended negotiation going on, and KDI is feedstock to MPV. One deal gets done at the right time, fpr Debeers to buy MPV and KDI one fell swoop. The more they can prove up some value at KDI,  and the sooner thney do it the better. its all going to go at once.
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