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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Post by explorer49on Feb 21, 2019 11:52am

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Post# 29394405

De Beers will not buy into Kennady - Brown

Same person on the rbc call tells me Brown also said that De Beers will not buy into Kennady - "If I ask them, they will say no, so I won't ask them". So, MOU with De Beers at time of KDI deal was just BS. BoD has a lot to explain.

1. Why does the ceo tell shareholders that diamonds are uninvestable?
2. Why did the BoD mislead MPV shareholders on the KDI deal with BS MOU?
3. If Borwn knows that De Deers is not going to buy into Kennady, why has the BoD not disclosed this to shareholders?

Is Brown just dumb - or is he trying to drive down the shareprice so DD can make a lowball takeover? All very shocking!

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