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 factRbeston Oct 23, 2018 9:20am

67 Views

Post# 28854423

RE:RE:Rob1237

SERIOUS QUESTION:

Does anyone think it is extremely strange that last sale MPVD got $65 / carat and that was WITH the specials and fancies and this sale they got $66 / carat without any fancies or specials while the price of rough has dropped ??
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The only legitimate reason would be that MPV is paying DB far too much for the specials.

For this BOD that is a very strong possibility.

Why I always go back to net/ton of rock. F#&k the diamonds, or gold or copper, or zinc.
All I care about it what it cost for the rock by the ton and how much the rock paid by the ton.

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