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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 Gabrielllaon Nov 28, 2014 1:55pm
262 Views
Post# 23174704

RE:I guess a lower C$ and much lower fuel costs

RE:I guess a lower C$ and much lower fuel costshalf day in US...illiquid markets, extremely weak hands, energysector potential black swan as the leveraged balloon in that sector experiences forced liquidations....and pre-financing announcement jitters, all combine for a toxic decline.  The good news is that the sooner these weak hands are cleared out, the better. Just clear them out like huge whoosh, and it will be all the sweeter on the inevitable upswing.  Of course, the NON DILUTIVE financing must be secured by PE, or else, its going down a lot more. This is what has been PE's objective for a number of years.  He must accomplish it,  I suspect he will. 
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