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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 cbriton Nov 11, 2018 11:41am
119 Views
Post# 28956773

RE:What is going on?

RE:What is going on?My take. Banks and the big bag holders are not getting the answers from management that they need to hear to feel confident in holding. So they've decided to cut their loses, sort of like some of us have done. I sold most at a $1/share loss rather than losing it all. "That'll never happen". Really. Who will guarantee right now that it will not? When or if we see $2.50 again, I'm selling 1/2 my holdings. I once had 20000 shares and will reduce that more. Terrible cb
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