Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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

Mountain Province Diamonds Inc

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Post by tinytoton Mar 02, 2018 10:42am

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Post# 27651267

It baffles me

1. How anyone can consider the price being paid/asked for KDI reasonable.

2. How anyone can think that MPVD should be, at this time, considering anything other than maximizing profits and establishing themselves as company that will return value to its shareholders.

3. How anyone can think that DeBs will not want to explore and exhaust all possible diamond sources on the existing property before ever even considering processing ore from elsewhere.

And,

4. How anyone can think that KDI has done enough exploration at this time to be worth depleting MPVD's cash position and endangering dividends to MPVD's shareholders.

MPVD's stock price is a clear indication that the market is baffled by these things also.

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