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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 dabard51on Jul 27, 2017 9:46pm
192 Views
Post# 26519709

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

RE:RE:RE:RE:An Impressive Diamond Discovery - Kennady DiamondsVS, there is a good reason for KDI to remain an independent entity of MPVD until MPVD is clear of its construction loan and cash flow positive.  That is, in the event that deB does something "ungentlemanly" in the partnership and put MPVD under the cosh, KDI is completely independent (financially, legally) of MPVD.  Unless, of course, you wish to consider that MVD and KDI have a significant overlap in members of the Board of Directors.  Think of it (separate companies) as an insurance policy.  Now, in my mind, that leaves KDI as an independent explorer around the GK area for at least a decade, or until GK starts to run out of ore.  So that means KDI is not likely to become profitable, or cash-flow positive, for at least a decade.  That, unfortunately, is nearing the far end of my investment horizon, altho I might consider putting some KDI in the kids' stockings over the next ten years, hoovering up occasional shares at the occasional bargain prices that Mr. Market offers.  In a previous post I outlined a scenario in which (!egads!) MPVD might actually take over the deB portion of GK, some time in the more distant future, at which time there is a POSSIBILITY that KDI and MPVD might become a single corporate entity... although off the top of my head, I can't think of a strong justification, even then, given how closely the two are managed.  Now, I also think PE got a bit of a raw deal with his abrupt departure; I think he masterminded a very clever little value-preserving scheme which benefits not only DD & TIGS but all other MPVD shareholders quite well.  But apparently, my opinion is a minority one... Cheers, Vegas in 2018!
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