Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

Bullboard Posts

Comment by tinytoton Oct 18, 2018 8:52pm

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Post# 28831772

RE:8th Sale Results

We will never be told, but I wold love to know the actual cost/price numbers on the specials that we always "win."

I am not so sure that we should always be winning these bids. Perhaps we would be better off letting DeBeers have them, unless they are really low-balling their bids, which seems unlikely.

One thing is certain, the losing bidder always makes a profit on them. It is not certain that the winner will, or at least that he will make as large a profit as the loser.

The winner could be over valuing them and end up taking a bath.

Please correct me if I have this wrong.

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