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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 Feb 18, 2015 9:43pm
162 Views
Post# 23441978

RE:RE:The news are not that bad

RE:RE:The news are not that bad SinusInfection I don't think that PE and the Tgs had anything to do with tthe cost overun demand as usual the banks are being A holes by  making absurb demands because they have the cash and are in the drivers seat. Do you think fhink for a minute that PE would add the addendum of a promised return if they don.t use the cash raised. Come on when MPV spoke to the banks in March of 20 14 they were asking for 346 million US plus a contingency  of 33 million (cost overruns)  for a total of 379 million and they had 36 million in the bank . Then in October they raised another 100 million. They have more than enough cash with the 370 US  million from the bank and 36 million inthe bank  and 100 nmillion , to bring this project to production, but unfortunately the bank is demanding the line of credit is in place before they advance the funds. As far as I am concerned for the TIGS to guarantee the funds for anyone who can't fess up that is a standard fee . They are taking the risk and should be rewarded  accordingly. Lets close this deal and move on.
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