Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 17, 2018 6:37pm
101 Views
Post# 27734527

RE:All this about DB potential (maybe) accomplishes one thing

RE:All this about DB potential (maybe) accomplishes one thingFactsR, see my earlier post to Tiny about the Circular.  deBeers did Snap Lake and Victor all on their own.  Snap Lake is on care & maintenance; Victor will close in 2019.  This situation is novel for deBeers; instead of being an Oppenheimer freestanding business, they now are a fractional part of Anglo-American. PLUS, instead of having free reign to develop (or not develop) at their own pace, they have a junior partner that has a "big brother".  I believe deBeers is not accustomed to a strong financial pushback in a country that has a strong legal system.  If it were merely a matter of dollars, DD or deBeers would have bought out the whole operation years ago, at MUCH lower total cost.  So, here we are.  Look at the map of properties around GK.  If this deal goes through, the "junior" partner - MPVD - will control most, if not all, of them.  Faraday & Kelvin are proven, but not enough to support a mill at current prices.  Doyle and MZ are TBD for resource; and then there's any "blue sky" on the KDI properties.  I personally think this merger is action which will put some distance between deBeers and MPVD's testiclez.  Check my facts; I try to label my opinions as such.  If I'm right, I'm rich; if I'm wrong, I pay the price.  I've got skin in the game.  So, do your due; choose, if you care, to place your coin; and watch the game unfold.  GLTA.
Bullboard Posts