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.

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Mountain Province Diamonds Inc

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Comment by dabard51on Mar 16, 2018 5:41pm

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Post# 27731288

RE:This is about Dividends

Schnapps, maybe... just maybe... the MPVD-KDI spin-back-in is designed to make sure deBeers negotiates with MPVD for KDI exploitation, and can't pick up KDI all on its own. Think about what a disaster it would be for MPVD to have deBeers own 100% of KDI... with MPVD being only the 49% partner in GK. What would deBeers negotiating position be? Not beneficial to MPVD, that's for sure. So there is a defensive insurance aspect of the KDI spin-back-in for MPVD. Insurance comes with some cost. Poker...

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