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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 kimberon Dec 28, 2016 6:05pm
158 Views
Post# 25648308

RE:Question about grant of rights

RE:Question about grant of rights It's completely free restricted stock probably subject to vesting over time. It was obviously awarded to the fine BOD members because of their very difficult and time consuming efforts required to bring MPV'S 49% share of GK into production.  it's very hard work standing by your mobile and receiving updates from your majority partner who is managing all the actual hard work. Very strenuous and difficult work deserves granting of free and highly dilutive restricted stock , does it not?  I mean, the BOD meets once or twice a year and offers their sage advise.  They probably order a very expensive steak dinner  and an even more expensive bottle of fine French Cabernet. It's very difficult work. I mean, you try holding up  fancy delicate fine  stemware topped off with a few ounces of robust tannic heavy Cabernet for more than a few minutes of toasting and tell me that isnt strenuous stuff.  The least shareholders can do is to suffer more dilution because we are grateful for the opportunity to invest in such a fine prospective money making machine  such that without the fine leadership of the MPV BOD such opportunity would not exist.  Right?
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