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

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Comment by tinytoton Oct 19, 2018 12:11am

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Post# 28832423

RE:RE:RE:RE:RE:8th Sale Results

Macloud1 wrote: It doesn't matter if the cost goes up as long as they make a profit.

I don't want to beat a dead horse, but it does matter HOW MUCH THE COST GOES UP.

It is virtually impossible not to make a profit on the specials. But it can be a smaller profit that would have been made had you not over spent on the specials and lost the bid instead.

The cost of the specials is not trivial by any means - IT DOES MATTER, in fact it is crucial in determining whether you were wise in buying them or not.

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