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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 SinusInfectionon Jan 27, 2017 11:37am
183 Views
Post# 25763695

RE:RE:Whats going on here??

RE:RE:Whats going on here??oh really smarty pants?  .

Most of the Indian goods get re-exported back to the US market for Walmart purchasers, who are the largest seller of diamonds in the US. Thus, there is always a balance in thee market. If those Indian goods arent being supplied, then there will be a scarcity aqnd pent up demand. Ipso Facto. Unless Walmart demand is declining, which it is not, So, the prices for those polished Indian goods will rise as the supply dries up, which is already happening. Of coursee, it needs to get resolved, because consumers will substitute.  There are ways to assist those cutters and polishers, and Debeers will need to address some temporary solutions,
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