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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 arlekinoon Sep 16, 2017 8:07pm
154 Views
Post# 26705740

RE:RE:RE:RE:Show me the $$$$$

RE:RE:RE:RE:Show me the $$$$$Tinytot MPVD is a holding company in reality, responsible for collecting profit from Bonas sales. De Beers is the operator, which we, as shareholders of JV partner have to trust. De Beers is a proven operator, and doesn't have partners in mines, as a rule. For how long De beers would be able to tolerate MPVD, as JV partner is still remains!!! Offer can come any morning. Unfortunately, we are, as a shareholders of public company are in mercy of the board of MPVD and very little or not informed at all. Mr. Jonathan Comerford has been a director of the Company since September 2001 and Chair since April 2006. Mr. Comerford is resident in Dublin, Ireland. He obtained his Masters in Business from the Michael Smurfit Business School in 1993 and his Bachelor of Economics from University College, Dublin in 1992. Mr. Comerford has been Investment Manager at IIU since August 1995. He serves as a director of Kennady Diamonds Inc. since February 2012. Since Mr. Comerford is a representing interest of Dermot Desmond , major MPVD shareholder, we can see Mountain Province corporative culture. Probably Mr Evans got sick and tired of that and did not wanted to take any blame for possible future- lets call this *misunderstandings* and told them , his feeling in plain simple English ... . Stood his grounds and left... I respect him for that! At least we were receiving information about past and current developments of mine. Since Mr. Evans left there is a probably public gag order issued by DD and his head men. After last Bonas auction sale , ended in September 1, 2017 Sep 5/17 Sep 1/17 Bottin (International) Investments Ltd Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 at undisclosed price and we by now, September 15, are still in black period , no information has been disclosed. Mountain Province Diamonds has been running, as a private outfit of Bottin Internatioanal Investments Ltd for a long time. It is cruel and sad reality of remaining MPVD shareholders. I was hoping, that Ms.Karen Goracke , who came from Warren Buffett corporative culture would make any remarks about situation . That is how situation looks from far away. Gahcho Ku is the world's largest and highest grade new diamond mine .Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories Cheers Arlekino
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