Speculations on the futureMPV is in an interesting situation. It is currently junior partner with deBeers on the GK project, PLUS the majority owners of MPV are also majority owners of neighboring KDI, which has no partner for its resource. So let's pretend that KDI is the "exploration" arm of MPV, goes merrily on its way for the next 5 (or so) years, finding kimberlites and defining resource, while GK goes into production... and MPV saves its pennies... then, like DDC and its partner Rio Tinto, MPV offers to buy out deBeers. The deBeers folk, having made an investment in GK, and received a healthy cash flow out of the project, sell out and get their initial investment back plus a bit more. To me, deBeers has shown a lack of interest in diamonds in Canada, for reasons which can only be speculated upon (see their broken relationship with PGD), so walking away with cash does not seem to be outside the realm of possibility for deBeers, as they have little possibility of obtaining full control (which they seem to like).
This situation then allows MPV to fully exploit GK (perhaps changing the economic hurdle rates a bit) and its surrounding pipes, and, oh by-the-bye, perhaps re-incorporate with KDI at some point... MPV now controlling a production facility which needs feeding.
Perhaps PE and the TIGS are playing a VERY long game...
I believe I will indulge in a fine adult beverage as I contemplate this possibility...
Criticisms and comments invited.