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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

Post by cbriton Aug 15, 2018 1:36pm
79 Views
Post# 28466229

Hold, sell, average down

Hold, sell, average downIn the past 2 years we have seen MPV go from just over $7 to where we are today. Averaging down for me won't happen anymore with me because this month, I see something I just don't like, after 20 years in this stock. Taking over KDI was a crime, that's a no brainer and there's nothing anyone can do. No way does a diamond stock with a 95 carat diamond, worlds largest diamond mine under development drop to where it is today. Maybe all is good up there but I can't play the game that the manipulators play. Average down? At $6, $5, $4, $3, maybe even $2....really? I see lower. There is zero trust, zero faith that this will get better anytime soon. I still have 9500 shares and if this does get back to $7 again, 1/2 of my shares will be gone. To stay in this for .04 cents a share is the wrong reason cb
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