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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 Feb 25, 2018 7:04pm
104 Views
Post# 27618281

RE:RE:RE:email message I sent to the attention of David Whittle

RE:RE:RE:email message I sent to the attention of David WhittleDuring exploration , drilling was done over 10 years time. If results of exploration drilling and actual production mining are different there are a questions. Where are those diamonds? 1.5 ml sieve or 1 ml sieve really doesn't make that much difference. Gahcho Kue mine has increased recovery Recovered grade (carats per tonne) from 1.64 expected from exploration to 2.42 during production. Question about appraised value, Value per carat (U.S.) 72 to 85 dollars compare to expected 150 dollars per carat from exploration results. Perhaps De Beers, as mine operators can enlight patient MPVD shareholders. Does not sound right. Cheers to Gahcho Kue , world's largest new diamond mine
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