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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 cbriton Aug 15, 2018 7:46pm
108 Views
Post# 28468958

RE:Before we start panicking about the sixth sale.

RE:Before we start panicking about the sixth sale.Years ago when I invested in this, I never thought that they would find diamonds this big, so early. "The parcel includes four exceptional gem stones with carat weights of 91, 83, 58, and 45 carats" To me, long term, this should do very well but this short term pain is bad. I will look away for a long while and if this drops to record lows, and I mean scary lows, maybe I'll average down. Today was a bad market day for sure. cb
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