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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 Terrebonneon Nov 11, 2017 4:54pm
125 Views
Post# 26945957

RE:RE:My bet is...

RE:RE:My bet is...lc, your post seems to assume that the new mine plan will be released before the debt restructuring is finalized. To the best of my knowledge, there is no requirement that the JV announce the new mine plan as soon as it is finalized. I agree that the new plan needs to be finalized before the debt is restructured, and you can be sure that the banks are at the table looking over the shoulders of both DB and MPVD during the discussions of the new mine plan and will know the new mine plan before the rest of us. I suspect that the new mine plan and the finalized restructured debt will be announced simultaneously, probably within the next few weeks.
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