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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 explorer49on Jun 10, 2017 9:26am
194 Views
Post# 26348501

RE:The trouble is ...

RE:The trouble is ...Fully agree Terrebonne! This is both shocking and disastrous for majority of MPV shareholders (don't know about DD). Over a decade PE took MPV from an irrelevant junior partner powerless in the face of De Beers to a full JV partner with equal vote. He was able to get back the diamond marketing rights from De Beers - first time ever in +100 year history of De Beers - to secure value for MPV shareholders. And he did this singlehandedly, as Purcell notes. What the hell happened to lead to this development. Shareholders have the right to know the truth. The truth will come out and the majority of the shareholder will hold this board accountable. Time to kick the bums out!
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