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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 Terrebonneon Aug 23, 2017 9:32pm
156 Views
Post# 26614976

RE:There's still time!

RE:There's still time! If De Beers is smart, they'll move on MPVD while Washington is preoccupied sorting out DDC. This suggests that De Beers should move on MPVD within the next month or two. I can't see Washington (DDC) moving on MPVD without moving on De Beers half of GK too, and this could take some time. Why would Washington want to be in a 50:50 partnership owning MPVD alongside De Beers? No, I don't think we'll see any move by Washington for awhile, but I wouldn't discount them seeking to own everything in the corridor once the dust settles.
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