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 Hideawayon Jan 28, 2017 3:06pm

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Post# 25768101

RE:RE:RE:Specials and Fancies

Tinyt, I agree that it makes little difference who wins the bids for fancies and specials. If we lose the bids, we get our 49% in cash from DeBeers. However, The main reason I would like to have the info is to get an indication as to the future prospects of retrieving these types of higher valued stones. The previous finds appear to support a fair population of coloreds,fancies and specials and could add significant value to our bottom line as we proceed.
We will find out in due course, but these details are avaiable to PE and team and I see no reason why shareholders cannot have this info as there is no reason,IMHO, for it to be restricted.
GLTA

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