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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 Macloud1on Jun 13, 2014 9:43pm
228 Views
Post# 22659800

RE:RE:RE:Financing increased by 10 million

RE:RE:RE:Financing increased by 10 millionValue Spotter : That is only my opinion and belief. I looked back at all the releases and this is the money they have raised since October 2012. Back in AUGUST 2011 MPV stated the cost of he mine was then estimated at 600,000,000 and they had to have 100,000,000 million in equity. The 141,000,000 I am talking about was raised after the fact October 2012 to today. I used the new numbers 800,000,000 million mine cost and our share is 400,000,000 with 129,000,000 million in equity required . We are way beyond that number. That is why I beleive we are there and there is no need for further share dilution. The payback for the loan for the rest is 2and 1/2 year. because of the IRR  of 32% . (Look at  the releases on the MPV web site and gtell me what your conclusion is,)
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