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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 dabard51on Jan 04, 2018 6:43pm
144 Views
Post# 27285067

Game Plan going forward?

Game Plan going forward?Now that GK is in production, it is an interesting exercise to speculate on what teh game plan may (or, since it is speculation, may NOT be) for the largest shareholder in this enterprise.  I had, on another bulletin board (now defunct), speculated as to why Bottin/DD had 'tolerated' public shareholders in the JV deal with deBeers Canada whilst PE was the CEO.  At that point, I believed that DD utilized the 'public' face for political leverage against deBeers in the (1) JV negotiations and (2) in the licensing and permitting process.  Well, now that the permitting is completed and the JV established, GK up and running, and MPVD is "cash flow positive', does it make sense for DD to continue to 'tolerate' public/retail shareholders?  Bottin and DD currently own about 1/3 of MPVD common, and have taken a chunk of the recent bond financing, so (in the event of any default) they will have a seat at the Creditor's Table.  Their man Comerford is privy to everything that management knows, and brings to the BOD.  So I ask myself, if I were DD, and had some cash on hand (which doesn't earn much in the current credit markets), what would I be doing?  Bottin and DD continue to make occasional common stock purchases (as private party transactions, not on the exchanges) which get published on SEDAR (as per law).  Lots of public relations and disclosure overhead go by the wayside if MPVD were no longer public.  The downside is, having no public shareholders removes the 'court of public opinion' as a tool in dealings between MPVD and deBeers Canada.  Comments invited.
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