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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 Oct 06, 2015 12:42pm
140 Views
Post# 24167795

RE:KDI Down the Road?

RE:KDI Down the Road?Brit made some very good points concerning Kennady Diamonds. I took my profits on KDI over a year ago, but I continue to watch the stock and the News Releases. The one thing that has frustrated me about Patrick Evans with KDI is his constant development drilling and extension borings on Kelvin and Faraday. Although this drilling needs to be done, it is old news and will not move the stock up. Patrick has a huge land position, and there is a lot of opportunities for exploration drilling on a lot of new locations. Kimberlite bodies typically occur in clusters in northern Canada. Look at Ekati, Diavik, and Gahcho Kue. If Patrick discovers a rich kimberlite pipe or dyke away from the existing 2 kimberlite dykes, it will definitely move the stock up!
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