Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

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Comment by Terrebonneon Nov 25, 2017 1:40pm

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Post# 27031100

RE:RE:RE:RE:RE:RE:RE:Diamond Selling Prices UP.

tinytot, I still don't understand your question. The new lender, who will hopefully lend us money at a reasonable rate (say, LIBOR+2.5%), will be lending us funds that cost him maybe half that. That's what lenders do. They borrow at low rates and lend at higher rates. That's how lenders make profits. The lender will be repaid out of our cash flow over several years. If that doesn't answer your question, then I don't know what to say.

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