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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 haywoodmanipulatoron Mar 19, 2015 12:12pm
152 Views
Post# 23538896

RE:Concern - Our Mr Evans

RE:Concern - Our Mr Evansthats just the TIGs giving him his just desserts.....you never know how long its going to take for KDI to be a producing mine or get bought out by someone.  So, he's got 10 years on the come to give it for free.  Touche for you Mr. Evans.

Now he can take all his available spec money and buy some MPV rights?  We'll soon see just how commited he is.  At 4 bucks, the enterprise value of MPV is about 530MM, which values Gachu Kue at about double that at approx. 1BB.   Not to shabby a valuation for increasing your stake.
You would think at some point Mr. Evans would like to see his 1.3 MM + shares in MPV really make him some big time money.   Big time.  

If he brings the mine into (production on time or heaven forfend even  a bit earlier and on or under budget ( actually he isnt doing a thing-its DeBeers-but he has a lot to do with restructuring the relationship and creating a lot more upside potential for MPV), he deserves all that is coming.

The palpable frustration exhibited by some small retail investors here  on this thread is indicative of a durable bottoming process.  Its just what Iike to see.  Frustration, disgust, impatience, anger, etc.  Just what the doctor, er the TIGS, ordered, eh?
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