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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 Oct 13, 2018 2:59pm
89 Views
Post# 28795036

RE:RE:Time for Change

RE:RE:Time for ChangeI Think DD is just as disappointed with his investment as we are and his recent buying spree is a defensive move to prevent other players for grabbing a cheap position. I don't think that it is his plan to move on a take out right now but rather to keep buying and stop short of the thershold to make others think twice. A bidding war right now might end at a lousey $4 now,  but give Mr Brown some time to see what he can do, and in the mean time announce the new resources at Kennady and GK and keep paying the dividends.
Be sure that DeBums want this and will eventually have it but on DD's terms.
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