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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 Nov 14, 2017 5:48pm
239 Views
Post# 26963319

All this chatter about dividends mystifies me ...

All this chatter about dividends mystifies me ...In my fifty years in the mining business, I've never seen a mining company pay a dividend within the first three years of start of production. In almost all cases, the project lenders insist on a substantial payback of their loans before dividends can be paid. That's why "pay back" is a common indicator to measure project economics in a PEA or FS. For Pete's sake, we just started production less than a year ago. Apart from the hiccup with the pit wall, we're hitting on all cylinders, which bodes exceptionally welll for the short, mid, and long term. Most miners would be highly envious of our achievements. This mine is a gem both figuratively and literally speaking. And, no, I'm not part of management or a paid promoter. I'm just a simple shareholder holding a little over 10,000 shares, and I ain't selling.
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