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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 Macloud1on Jan 12, 2018 9:32am
175 Views
Post# 27340865

RE:RE:If you do not understand the bidding process...

RE:RE:If you do not understand the bidding process...I asked that question last year  after the first sale of fancies and specials. I was informed that if Debeers would know how much profit we made on the winning bid then that would affect the bidding process. The same applies if we knew how much Debbers made on their succesfull bid then we would adjust the bidding at the next split to reflect that. That is the reason for the secrecy. That way we have a better chance of realizing a better gain. If we fine tune the process too much the we will outbid each other beyond the market value. 
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