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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 Wisdomwithageon May 11, 2016 4:15pm
302 Views
Post# 24863460

RE:Up date figures

RE:Up date figures
Hey mwormser,

As an investor in a company transitioning from developer to producer status, I'm not worried at this point how long the mine life is or the exact reserves . We already know the minimum on both counts.

I do know that we'll be the largest Western Hemisphere producing diamond mine in decades, that we'll be debt free in the short term, and that all of us will do very well with our investment.

Over the coming years, yes, we'll have a pretty steady flow of refined figures, and like every mining producer, these figures will change from year to year going forward.  However right now I'd much prefer that the entire team focus on getting our mine into full production.

My suggestion for you? Don't worry!

Blue skies ahead!

Cheers,

Brit
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