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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

Post by Terrebonneon Aug 27, 2017 2:52pm
157 Views
Post# 26626257

Clean house?

Clean house?Does anyone else out there besides me ponder whether a new BoD might help this company? When you think about it, much of the existing BoD consists of long time legacy Mountain Province founders and board members who have been around for maybe far too long. Check out their track records - oh, you ask, what track records? They may be out of their depth. Evans took the fall, and the BoD escaped unscathed, which is totally wrong, IMHO, considering that it's the BoD that sets policy direction and approves major contracts like bank financing. Methinks the BoD could use some freshening up. Here's hoping that the recruitment of a new, full time CEO is accompanied by changes at the BoD level.
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