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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 Hideawayon Sep 29, 2015 11:24am
146 Views
Post# 24144988

RE:Share Price

RE:Share PriceConsidering the manipulations with this stock and the ensuing frustration it brings, I would almost welcome a $5 offer. However,I am in this for the long haul (and have been for the past 20 years) and will not sell now this close to completion of construction by year's end and production commencing within a year.
What will be the event to turn the SP north  ? I wish I knew, but I'm gambling that for those of us willing to spend the next few months in an uncertain state,our wait will be rewarded.
Anglo owns 85% of Debeers and they are struggling at present. I am not sure where  MPV would fit in this equation if Anglo were to sell of their diamond division as has been suggested in an article I read yesterday? Perhaps those of you on the board have more insight could offer your comments.
GLTA
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