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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 Macloud1on Mar 31, 2017 4:21pm
206 Views
Post# 26060561

RE:RE:RE:My analysis of the situation

RE:RE:RE:My analysis of the situationTiny don't forget that as of 30th September the restricted cost overun facility of 70 million Canadian or 50 MIl US can be used to fund the September debt requirement. I really think things will pan out in our favor. What has been really confusing for a lot of investors is that they can not discern between the numbers qouted in US funds and those quoted in Canadian funds.  Thye M anb A clearly states that  all figures are in Canadian funds unless stated otherwise. I think some poeple are mixing them up .
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