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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

Post by dabard51on Dec 08, 2014 12:08pm
273 Views
Post# 23206323

Financing Options and timetables

Financing Options and timetablesA PP may be in order if the banks are slow in coming to terms on the financing needed on the schedule to which MPV and DB are committed.  I seem to recall that SWY had to pillage its equity to get financing for Renard, and that was with Quebec as a partner.  "High risk" financings seems a tough sell in the banking community; the last round of PP took me a bit by surprise, as I thought DB and PE were doing a good job of establishing credibility and making the project palatable for the bankers.

MPV has a schedue to meet per its contract with DB, the calendar pages continue to turn, winter roads only run once a year, and if the bankers drag their feet then they will be left behind, as the PP route is a perfectly feasible option for MPV, although it is not particuarly beneficial to the Little People (us).

PE is taking the route which is best for MPV as a company, which may turn out to be not necessarily optimal as a community of shareholders.
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