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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 Chattycon May 08, 2015 7:01pm
146 Views
Post# 23710402

RE:Who Buys Rough

RE:Who Buys RoughKimber you may or may not understand who exactly reads or posts on these boards. You may be surprised. It is not all posters that post drivel and are clueless, some actually are quite plugged into the investment world including the diamond trade end of it..... If you are talking about whiteirish, I know he didn't fall off the turnip truck in the last 30 days or so, he is not George Soros indeed, but he is actually one very bright and smart individual imo. Another that comes across as maybe rough around the edges, is a poster that signs off as Gary in his posts. It would absolutely surprise you, to find who he is and many more intriguing people that post on the MPV board. That's only a few posters that your big paint brush may have covered........For myself, we'll say I know a little about rough diamonds, especially those coming from DeBeers, Alorosa, and Rio's Argyle mine in Kimberly Australia you mentioned, plus one in South America, and South Africa. I own the diamond stocks, the real things and especially the coloured investment grade diamonds, plus invested in a rough natural diamond trust........Been with MPV for over 12 years now, and the fellow that made me aware of MPV makes us all look like small fries indeed.......I'll see MPV through to the end as it is on auto pilot now, just requires patience....... I bought into the investment grade coloured diamonds for their beauty, there outrageous rates of returns, and real estate in my pocket as the Argyle Pinks that I mainly deal with are the world's most concentrated form of wealth there is pretty much. The rough diamond trust is for investment purposes only as it provides a large cash return monthly. This particular trust is owned by a very well established Jewish family that have been in the diamond business for 4 generations amounting to 100 years so far. They have their own cutters and polishers for the last 80 years of their business, this family is married into Rios Argyle mine. They take the rough diamonds and sell them wholesale plus make their own very hi-class jewellery and wholesale it. The way the trust works in brief, is they buy 4 lots a year, US$10 million each, the first lot pays for the trust investor payouts, which is 24% per annum paid monthly in US funds. The second lot covers the costs, and the third and fourth is the profit. What really makes the lots prosper for the company is that they find the odd coloured diamond here and there in the mixture of roughs. The trusts are sold in either a two year or four year commitment, minimum US25,000.00 to US10 million buy-ins, with your principal returned when the promissory note is due.......Here is a link to the Palm Beach location at 125 Worth Ave. Florida USA where one of the three jewellery outlets are located. .....(don't know if you have ever been to Worth Ave. in West Palm Beach) Google it, if you have not, and here is a link to the catalogue of the jewellery they make. New York is where the jewellery is put together. It has some prices that may shock you, but you'll get an idea of how valuable the rough diamond business is. If you require diamonds over the US$20 million range they have that as well in either colourless, or coloured diamonds...... stay away from the yellows unless they come from South Africa as they have the best colour saturations as you move up to the intense and vivids, and are extremely hard, the Indian yellows say no to as they are brittle and worth a lot less as are the South American yellows. The Argyle Pinks are the premier for pink diamonds, small but their brand is second to none. India is a no for pinks also.... it is a interesting part of the diamond trade for me, the rough diamond market. The diamond auctions is another place I dabble in. Hope these links work okay. https://www.diamanteatelier.com/events-auctions/ https://www.diamantenypb.com/
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