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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 Oct 27, 2014 9:08am
266 Views
Post# 23063407

RE:RE:RE:Stock Price Redeux

RE:RE:RE:Stock Price RedeuxMr Bigger Patrick, was on BNN about 11/2  year ago and stated that he anticipated raising above 100 million to finance their share of the construction through an RO and private placement which would bring the total outstanding shares at the 135 million range . He also stated at that time the remaining portion would be through banks and pointed out that during the construction phase the sale of all diamonds recovered through exploration and up to the point of full operation would generate revenue of aproximately 90 million to cover part of construction costs. His prediction of one dollar dividend is at the current shares outstanding 135 million. 
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