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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 13, 2018 10:07pm
82 Views
Post# 28796117

RE:RE:RE:RE:Finding Common (KDI) Ground

RE:RE:RE:RE:Finding Common (KDI) Ground
Mauriceopp wrote: Unless there is aean agreement already in place.


That agreement would have to be in writing and signed by the highest officials of each party.

I honestly don't know if it would be legal for either party to keep such an agreement secret, but I'm guessing that that would probably be OK. But maybe not.

In any case, to be worth its salt, a prior agreement would have to name a specific price, and I doubt either party would have been willing to agree to a price that far ahead of time. Without a specific price, they have only agreed to negotiate, which could come to nothing. 

So, IMO, it makes no sense, especially for DeBeers, to come to a prior agreement. Thus, again IMO, there is not an agreement and DeBeers HAS to bid at first chance, IF THEY WANT WHAT MPVD HAS.

I'm betting that there is no prior agreement, I don't think it's even a possibility.

I've been wrong before.
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