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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 mwormseron Mar 15, 2018 12:59pm
118 Views
Post# 27721201

RE:RE:Results of second sale

RE:RE:Results of second sale
“In addition, the Board confirms its corporate strategy of focusing on the long-term development of the Gahcho Ku asset. The Board firmly believes that the proposed Kennady Diamonds transaction will add significant project value through the potential to access defined kimberlite resources, with the potential to smooth out the existing Gahcho Ku mine plan and substantially increase mine life,



allowing the Company to sustain its dividend policy for the long term.  What f*********g dividend policy.  
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