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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 arlekinoon Jan 06, 2018 7:17pm
126 Views
Post# 27298664

RE:RE:RE:RE:$53 dollars or $20000 dollars per carat????

RE:RE:RE:RE:$53 dollars or $20000 dollars per carat????Lovecarats  Simple question   and you did not answer? How many carats per tonne? Compare!!! Ha Ha ,,  Hee hee Cheers Arlekino  I wish only wel to SWY .  Why one is the biggest and richest ?Largest in decade!!!! Enjoy your profit from naked  shorting !!!! it is proven now, share price went from 7,00 to 3.18 and options and rights were given at 3.50 or so
In 2016, De Beers with its joint venture partner, Mountain Province Diamonds, opened the Gahcho Ku mine in the Northwest Territories, the largest new diamond mine to open in more than a decade. Kim Truter, CEO of De Beers Canada 

 Higher than expected recovered diamond grade of 2.07 carats per tonne through the first nine months of this year, along with excellent work identifying and removing bottlenecks in the process plant, is allowing the team to handle the additional tonnes of ore that are being delivered consistently by the mining team, according to Gahcho Ku General Manager Allan Rodel.

GAHCHO KU MINE SURPASSES 5 MILLION CARATS FOR 2017

Still in its first year of commercial production, the Gahcho Ku Mine is establishing itself as one of the top diamond mines in the world by producing more than five million carats in the first 10 months of the year.

The mine, a joint venture between De Beers Canada (51% - the Operator) and Mountain Province Diamonds (49%), was forecast to produce an average of 4.5 million carats annually, a target that was met by early October for 2017. Gahcho Ku’s production is now playing an important role in De Beers Group’s global production portfolio and supported a significant rise in the Group’s overall rough diamond production levels over the first three quarters of 2017.

De Beers Canada CEO Kim Truter says much of the early success can be contributed to the tremendous project phase that set the mine up with the right technical, safety and economic cultures.

"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."Warren Buffett 
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