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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Post by kimberon Dec 21, 2016 11:55am

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Post# 25630063

Diamond tables are turned as market discipline...

https://www.miningweekly.com/article/diamond-tables-are-turned-as-market-discipline-restocking-supports-process-in-2016-2016-12-16

...Further, Zimnisky pointed out relatively healthy industry sentiment being mirrored by Rio Tinto, the second largest diversified miner in the world, which recently indicated that diamonds are a priority area of growth for the company, and single-asset producer TSX-listed Lucara Diamond Corpannounced that it anticipates raising its regular annual dividend next year to C$0.10 a share, from C$0.06. The stock currently trades at C$2.97 apiece.

Zimnisky disclosed a long covered-call position in Canadian diamond producer Dominion Diamond Corp.