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.

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Mountain Province Diamonds Inc

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Comment by Chattycon Oct 30, 2016 9:32am

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Post# 25403080

RE:RE:RE:RE:So from the numbers

rsh....you are so right in pointing out FactsRbest numbers. He has some re-calculating to do.
Once full production is reached, that being 450,000 carats per month being produced, MPV's 49% cut will be 220,500 carats per month X twelve..........(specials and coloureds will add additional flavour)

Imagine if the GK kicks out specials like the 50 carat recently announced by PE on a regular basis, it would start to resemble Lucara's mine where just the special large diamonds begin to pay all the costs. GK being able to produce big stones that are intact from the rock-hard kimberlite is remarkable at this very early stage. State of the art machinery installed appears to have taken care of the breakage with such a large diamond recovered.

The GK is one beautiful set-up now!