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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 Sep 05, 2017 7:46pm
165 Views
Post# 26659154

New CEO?

New CEO?We should learn something about the direction DD wants to take this company if, as, and when he hires a new CEO. If the new CEO is a mining engineer (remember, De Beers operates the mine), that might suggest that DD is into MPVD for the long haul, and wants his own CEO as a second set of eyes on how De Beers runs the mine. Also, any decent mining engineer would not take the position without assurances that the job will last longer than several months. If the new CEO is an investment banker or M&A type, that might suggest that DD wants some out-of-the-box thinking about how to enhance shareholder value - something like a merger of De Beers Canada, MPVD and KDI. If the new CEO is a financial type, that might suggest that DD is priortizing cost management, which would also suggest that DD sees no short term recovery in diamond prices. Watch this space!
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