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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 tinytoton Mar 02, 2018 12:26pm
103 Views
Post# 27652210

RE:RE:RE:It baffles me

RE:RE:RE:It baffles me
tinytot wrote:
12ga wrote: why DeBeers would even consider allowing MPV to run their own feed from Kennady before the JV property is totally mined out? 


And nobody's ore is going to be run through that mill for free.

Whoever owns that mill (and it could be us, at least 49%,) is gonna say, "You wanna use my mill? Well, it's gonna cost you $XX.XX per tonne to do so. Good Luck!"



In case I was not obvious enough, DeBs will set the toll rate for processing somebody else's ore. So they will get their piece of the KDI ore (if that ever happens,) and there is no guarantee that what would be left for MPVD would be worth the effort. 

Don't think that DeBs will let anybody use that mill without getting their pound of flesh - and it will be a big one.
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