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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 garygpon Oct 07, 2014 11:28am
212 Views
Post# 23006000

RE:Wonder Why PE promotes everything about the Project

RE:Wonder Why PE promotes everything about the ProjectThe simple and most obvious answer is "regulators". If a CEO wants to unleash unwanted questions from a governing body, just start talking the companies share price up or down for no apparent reason other than to suck in unsuspecting prospective shareholders. That's why when a CEO/CFO are questioned by an exchange about the unusual share price or trading activity of a company, they almost always respond by saying they are not aware of any reason for the increased activity in the companies trading or price appreciation or decline. On another note, what do shareholders really want or expect from management at this stage of the process? Most licences are in-hand or close, relative low float in share structure, recent non-dilutive financing at a good price, no broker warrants or sweeteners to further erode shareholder value, bought deal financing;-like it or not the purchaser's of the financing now own those shares, construction is almost to the half way mark to completion, billionaire financier owns large percentage of float-----get my drift? I find many "investors" have no clue about what they bought, why they bought it, know nothing about the company they are apparently supporting etc; best advice I can give is educate yourselves or buy ETF's; that way you have an investment advisor to blame and you don't have to accept any responsibility personally. IMO the best money has already been made here by those in early; we now enter the next phase. The share price will probably flounder now for a period of time due to the financing but any price from here to the 4.50 range is a good deal. The gorilla in the room is the US dollar and how the market receives MPV's entry into the market in 2016. Those that follow world politics and capital flows will understand my comment on this, those that don't or are in need of education, could be as the British say, "Gobsmacked" in time to come. Management here isn't foolish, and that in part could be why the financing was done here, at these levels now. As they say, "I'm just saying". Good luck to all. Gary.
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