Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

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Comment by Terrebonneon Aug 16, 2017 10:15pm

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Post# 26590320

RE:RE:RE:RE:seems like

This could get interesting. If De Beers or Washington Group makes a bid that is attractive enough for MPVD's Independent Committee to make a positive recommendation of acceptance, DD could end up owning 25% of a company that he can't control. This probably would not be a big turn-on for DD, but the Independent Committee's duty is to ALL MPVD shareholders, not just to DD. In fact, I kinda doubt that De Beers or Washington Group would even bother trying to get a pre-bid lock-up with DD.

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