Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

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Post by Wisdomwithageon Oct 06, 2015 10:32am

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Post# 24167044

KDI Down the Road?

Face it mates. The JV is totally focused on moving GK forward, and that will remain the case for several years. The lifespan of MPV is now, I believe 16 years, and tha's with the limited step-out drilling they've done to date.. I read that in one of the analysts's reports a few months back.

And we need also remember, the mill has been designed to handle GK.

KDI are on their own, at least for the next 5 -7 years as they attempt to prove up sufficient carat count to make an economic feasibility study worthwhile. I expect their O/S to grow to well over 100M in the next few years as they fund the expensive exploration and development phases on their own.

The aforementioned, together with the unrealistic soaring price of KDI in the late summer of last year were enough to convince me to liquidate all but 5K of my KDI position, redirecting the proceeds into the MPV Rights Offering this past spring.

We'll have lots of time to revisit KDI, long after MPV is in full production. Going forward I'm totally focused on GK. I can see Vegas on the distant horizon, and, who knows, if we even remotely repeat an "Aber scenario" we might want to include Monaco in our future meetings.

Cheers,

Brit