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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 Wisdomwithageon Dec 26, 2017 6:49pm
209 Views
Post# 27227843

RE:Happy Boxing Day!

RE:Happy Boxing Day!Hey Mates,

Like Denv I've been off the radar screen for some time, but still check the posts on a regular basis.  I do notice that several of those who were familiar on our blog over the years have since disappeared, but a few remain. Many I suspect are like myself and decided to take care of other matters while the company sorts through its various challenges.

Special thanks to MacLeod for maintaining a positive posture, despite the sometimes harsh criticism. I continue to maintain my strong position in MPV, and yes, my patience. 

The floating of a debenture with the intent of paying off the high-interest construction loan was a good idea, although I would like to have seen it made available to all shareholders.  I for one would have taken down part of the placement had there been any available immediately after the NR.

And finally I do expect the declaration of a dividend in the coming year, as the past pressure to satisfy the construction loanholders' conditions fades and cash-inflow continues strong.

Here's to a very good 2018 (and beyond), and I still maintain my belief in Blue Skies Ahead!

Cheers,

Brit

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