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 Macloud1on Mar 29, 2017 1:41pm

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Post# 26047339

RE:RE:RE:RE:Year end statement

Correct me If I am readinding it wrong, MauriceOPP I don't think those diamonds are part of the diamonds that have already been sold . It states they remain in inventory March 1st upon declartion of commercial production, and will be sold at future sales.

"The approximately 340,575 carats mined prior to, and remaining in inventory at, the declaration of commercial production on March 1, 2017 (pre-commercial production diamond inventory) will be sold in future months and the revenue will be treated as pre-commercial production sales and credited to Property, Plant and Equipment."

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