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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 Macloud1on Aug 28, 2017 8:12pm
261 Views
Post# 26630402

RE:share price

RE:share priceI don't want to be the bearer of bad news but three things are going to happen over the next few days if you have been paying attention you should already know this. 1. We are going to a further extension of the restriced money conditions. 2. The number carats sold at the seventh sale will be the largest amount to date. 3. The average price will lower than $80 Us per carat , I  think low 70's or even lower because of the changes made by the government of NWT allowing the lower value diamonds to be release without royalty assessment. The actual sales numbers won't be reeased until mid November when 3rd quarter report comes out.  This means a higher amount of Boart diamonds that will be bring down the average. I still think we will get in the range of 28 million in revenue this sale. That will be about $48.9 Us for the 3rd quarter and profitable. Its not really bad news its reality. 
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