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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 12gaon Mar 19, 2018 6:33pm
99 Views
Post# 27742982

RE:RE:RE:deal or no deal

RE:RE:RE:deal or no dealDabard, 2 points. 1) If the deal doesn't go though and KDI nears bankruptcy, then the price would be right for MPV to move in for the kill ! ( you have to think like the Irish)
2) you have suggested that DeBeers might shut down or take us out of service? MPV has a solid joint venture agreement with DeBeers that includes performance guarantees. If DeBeeders decided to get cute they may lose more than half the mill.
My take again is it's probably a good strategic move to absorb KDI but not at this ridiculous price.
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