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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 DenvCol1on May 13, 2015 6:24pm
127 Views
Post# 23726058

RE:As bad as DB is

RE:As bad as DB isWe have no information that de Beers is going to be an unfavorable operator for Mountain Province. I think they are moving ahead with construction at Gahcho Kue as fast as they can. De Beers is fully committed to diamond production in Canada and will be a major player in Canada for a long time. When I was talking about small Canadian diamond exploration companies, I was talking about Mountain Province in the early days. The big diamond players in the next 5 years (in Canada) will be de Beers, Dominion Diamond, and Mountain Province. BHP and Rio Tinto will slowly fade into history in Canada.
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