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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 May 22, 2015 12:53pm
168 Views
Post# 23754837

RE:RE:RE:RE:RE:RE:RE:RE:RE:STOP THE PRESS *** THE TIME IS NOW!!!!

RE:RE:RE:RE:RE:RE:RE:RE:RE:STOP THE PRESS *** THE TIME IS NOW!!!!Mr. Bigger very simple that is 25%  instead of 15 dollars we look at 11.25 and instead of 1 dollar we look at .75 cent div. Not to shabby. Remeber though Patrick was not a big fan of this rights offering to raise money because he doesn't think we need it. He did state after we are in production if we haven't used the funds we would get the value back either in a form of didvidend or buy back of shares. Not to worried.
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