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.

TSX:MPVD - Post by User

Mountain Province Diamonds Inc

Bullboard Posts

Comment by Terrebonneon Jun 24, 2016 7:04pm

242 Views

Post# 24997455

RE:RE:RE:RE:I just noticed...

At this week's AGM, Patrick acknowledged that shareholders have waited a long time for success - some as long as 21 years - and it's time for them to see some cash. He expressly stated that sharing after tax cash flow 50:50 between lenders and shareholders would be reasonable. He said that shareholders can expect to see some cash starting in 2017.

Bullboard Posts

Rich TV Live's Stocks to Watch this week (Nov. 22, 2024)