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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 ValueSpotteron Jul 27, 2017 9:11pm
167 Views
Post# 26519608

RE:RE:RE:An Impressive Diamond Discovery - Kennady Diamonds

RE:RE:RE:An Impressive Diamond Discovery - Kennady DiamondsYou got me Schnapps. . KDI did a financing not a rights offering and it was at 3.25 not 2.75 to 3.00. So I didn't call that perfectly but the rest is pretty darn close you must admit. If you check the dates of posts you will see that MPVD did drop and so did KDI. So... although I wasn't perfect... I was pretty close. The sad part is that I didn't buy at 3.25. I had a moment of indecision and having sold most of my shares in both and buying back at these lower levels, now my new ACB is about 3.50 for KDI and 3.80 for MPVD. As for the merger... I just cannot see Desmond leaving KDI out there by itself and risking his position. If MPVD takes KDI out and doesn't get an offer from deBeers... no big deal... life goes on as one bigger entity. Again... give me a scenario that makes more sense than KDI being bought by MPVD then deBeers buying the whole package. No one has presented a scenario. They just bash and say I'm wrong and it's not going to happen. Well... I maintain... it's the most logical outcome. Bagholder
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