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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 dabard51on Mar 16, 2018 6:25pm
131 Views
Post# 27731478

RE:All these what ifs and maybes

RE:All these what ifs and maybesFactsR, right now anything that gets found on the GK claims gets split 51/49 deBeers/MPVD once it goes through the mill, which is now operating at capacity.  That's a fact.  IF (hypothetically) deBeers bought out adjacent Canterra or Margaret Lake claims and IF (hypothetically) they found something Equal or BETTER than (say) Tuzo,  how 'd ya think they would behave?  Not to MPVD's benefit, my thought.

Note, only recently has deBeers sent out exploration and drill teams to explore the remainder of the GK property.  Why?  Anything they find gets split 51/49.  Anglo/deBeers gets cash flow, which is nice; MPVD gets cash flow, which is critical.

Opinion:  we get to watch a chess match get played out between two crafty players with regards to how the property gets utilized.  Think:  long game.  Anglo/deBeers is used to running a solo operation; I think their management is not used to negotiating with a determined and resourceful "joint venture" partner.

GLTA.
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