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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Post by ValueSpotteron Aug 17, 2017 12:05am

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Post# 26590495

Washington Corp.

Think about this for a minute.... Washington buys KDI and MPVD. They use cash flow from MPVD to fund exploration on KDI lands and knock on deBeers door and offer a premium for deBeers share of GK and their tax pools. deBeers is stuck. If they say no they continue with only 1/2 a mine. Washington could say no to future MPVD exploration thus effectively shuttering deBeers Canada in 12 years at which time the JV is worth ZERO. VS

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