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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 Apr 12, 2017 9:40am
229 Views
Post# 26111650

RE:We will be prosperous

RE:We will be prosperousAnother thing to note is that the actual price forcasted in the 2014 report was $169 per carats actual, 138 per carats model and 167 per carats model escalated. They state that there is . 15.5% price reduction because of world markerting conditions. Taking this in to account these figures change to 116.61 dollars, 142.80 dollars and 141.11. We were sitting at 127 in Janauary , 142.24 in February and are now at 150.77 in March. The market has corrected itself as far as our diamonds are concerned . 
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