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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

Post by Terrebonneon Mar 04, 2018 12:33pm
155 Views
Post# 27658132

Corporate Presentation

Corporate Presentation"Compelling opportunity to augment Gahcho Ku plant feed while mining through diluted kimberlite zone of Tuzo pipe starting in 2023 lead time required for permitting, engineering and development." Souce: Slide 19 of the February 2018 Corpoate Presentation. IMHO, this Slide 19 speaks volumes. First, it speaks of the need, common to most mines, to blend ore going through the mill, because ore grade is not evenly dispersed throughout a mine. Sometimes, you have to plow through low grade ore in order to reach higher grades. Looks like Kelvin and Faraday could solve this blending issue for GK. Second, this point in Slide 19 speaks of GK itself, not MPVD. GK = MPVD + DB. DB, too, will need higher grade ore for blending at its 51% owned mill. Does this mean DB will buy 51% of Kelvin and Faraday? Maybe. Then why didn't DB bid for KDI alongside MPVD? Well, because DB is a cumbersome bureaucracy and can't move fast enough. Or, maybe because DB doesn't like ALL of KDI's properties - DB is not known for exploring greenfields. Maybe DB wants only Kelvin and Faraday at this stage. I don't know. Nobody knows what DB thinks, but this is beginning to make sense. As to dividends, anything that increases profitability and longevity is good for dividends. MPVD should have more than enough cash flow to pay for both exploration and dividends. IMHO.
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