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 Wisdomwithageon Jul 23, 2018 7:16pm

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Post# 28355949

RE:RE:Class Action Hope Growing

Hey Mates,

It amazes me that there are still some MPV shareholders (excluding of course those KDI types who were giddy about the DD dominated BOD agreeing to buy spec explorer KDI for ~ $3.10 a share) who cringe at the increasing possibility of MPV being in the cross-hairs of a potential Class Action lawsuit. I'm disappointed, but not surprised by comments like "...give it up." or "complete waste of time" or <there was> "real logic in acquiring KDI.."

That's unfortunate, since the purpose of a class action is to right alleged wrongs that have been committed by companies, individuals, or other entities, against a group who have suffered the same (or similar) "injuries" or losses. That can include "opportunity losses".

If many of us who were shareholders when MPV was in the $6 - $7 range had been aware of what lay ahead, we'd have likely been long gone. However at the time we all thought MPV was a solid investment, especially with PE at the helm.

And again, to be factual, for those who may be afraid of moving on this front I cite, as some of the more common class actions that are either in progress or have been settled: