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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

Post by dabard51on Aug 03, 2016 10:48pm
207 Views
Post# 25108685

Next item: positive revenue

Next item: positive revenueMajor accomplishment, bringing GK into production with partner deBeers.  Hat tip to PE and his backers, including the TIGs, for pulling this off.  I have these expectations:  that the next quarter's report trumpets transitionof MPV  from explorer into producer, and the subsequent quarter should show some revenues from sales of production as well as productivity of the mine and mill... and begin paydown of the line of credit taken out to fund MPV's portion of the project.

Once the cash flow is positive, I expect the share price to react accordingly.  But, what do I know?  Like most on this board, I'm an enthusiastic amateur... who would like to get more enthusiastic.

So, who is the social director for the Las Vegas unofficial shareholder event?  Got to get those dates set, y'know....
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