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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 garygpon Feb 05, 2016 1:43pm
149 Views
Post# 24529141

RE:RE:RE:RE:RE:RE:MPV Stock price

RE:RE:RE:RE:RE:RE:MPV Stock priceThere are far more considerations at play when deciding to pay a dividend than suggesting it simply being tied to the share price. Do you not think that sustained and sustainable revenues and well managed expenses would factor into whether or not a dividend payment would be considered? At some point, world markets, currencies, commodities and diamond demand must be factored into the equation, so to pay or not to pay a dividend is always in limbo. Management can say what they wish, but unless there are stellar grades, increasing world demand for diamonds and tens of years of production with lower costs, I don't believe a dividend will ever be paid, or if it is, it would be so low that you wouldn't buy the stock just for the dividend.
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