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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

Post by kimberon May 12, 2017 7:20am
172 Views
Post# 26235625

You cant trust one thing management says...

You cant trust one thing management says...and you cant trust the numbers because the numbers are both incomplete and easily subjected to obsfication. I mean, PE has been playing the obsfication game with Canadian and US dollars for years-imagine the tool in his tool kit nowadays with all the diffeent auction sales, diamond values, pipe lobes,  in addition to no operating cost information. If the Operating Cost information was attractive or positive, we would know about it, So, I assume it isnt positive.  Not much you can do if the diamond values just suck the wazoo. Not much yoiu can do.   
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