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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 Sep 20, 2017 7:24pm
149 Views
Post# 26722955

RE:(Bell Ringing) And.. They're Off!

RE:(Bell Ringing) And.. They're Off! Chauncey  I think the jockey did a great job getting us a better deal with Debeers, and then seperating KDI for the shareholders as a gift. He did a fine job raising the money and always included the shareholders. Then he got to agressive ambitious and overconfident and got us a rotten deal with the banks who made rediculous cash restriction demands. He didn't put safe guards against  the market down turn because of the demonitization, dumping of diamonds by Debeers and Alarosa just as we entered the market, and of course the fall in prices. He was so bold as to make huge promises on TV about a $ 1.00 dividend in the first  year and made all kinds of promises to investment houses. I for one was a great fan of this jockey but not anymore after analysing the whole situation. I think that jockey became unmanageable and was thrown off the horse. I think the new interim jockey is doing a fine job cleaning up his mess. I know a lot of poeple on this board don't have faith in him but I think he will finish the race for us. 
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