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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 tinytoton Oct 11, 2018 12:56am
103 Views
Post# 28778705

RE:RE:RE:Corporate development

RE:RE:RE:Corporate development
Mauriceopp wrote: I believe this is a bunch of bull.

I agree completely.

IMO pretty much every organization, wants to keep its doings as secret as possible. And I think this is especially true for businesses.

From personal experience, I know that we kept a closed mouth mainly because of competition. We did not want them to know what we were doing. And vice versa, we did everything we could to find out what they were doing.

If you are a junior miner and need money to finance exploration and mine development, then you have to put out news to attract investors. However, when your need for equity financing dries up, you become secretive, for a host of reasons, probably the biggest being that you simply don't want anybody looking over your shoulder.

Naturally, you have to come up with a good excuse for being closed-mouthed, but that is usually pretty easy.

In our case, it's disappointing, but in the long run, it doesn't really matter. The only thing that is going to move the price is income, or a buy-out. 

So unless we get bought out, income is king, and no amount of PR can change its effect.

Our problem is that we are used to the hype necessary for a non-income producing stock. We are now an income producing stock and the hype is really irrelevant.

It's income, baby, income and only income.
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