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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 Terrebonneon Mar 13, 2018 6:14pm
161 Views
Post# 27709713

RE:RE:MPVD dividends

RE:RE:MPVD dividendsrob1237, you're right about more emotion than logic on this board. A long, long time ago, my dad told me that the worst thing the owner of a retail store can do is to fall in love with his inventory. If he does, he won't sell and he'll go broke. The same is true of investing. However, I beg to differ with you when you say that diamonds have turned out to be one of the worst investments one can make. When DB lost their ability a few decades ago to fix the global diamond price, diamonds became just another  commodity, no different than copper, gold, zinc, coal, etc. Over time, there will be swings in diamond prices just like every commodity. When prices are soft, those of faith manage to suck it up and wait for firmer prices to return. Others panic.
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