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 claymore55on Feb 22, 2019 4:33pm

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Post# 29402032

RE:RE:RE:RE:RE:De Beers will not buy into Kennady - Brown

Read my post again. I didn't say that was what had happened, I said "Debeers is going to drive the price of synthetics down" (future tense). That is why they are getting into synthetics in the firsr place..

The 60% drop says that the damond market does not beleive that synthetics will be able to compete on an equal footing with naturals in the long run.

DeBeers has not ramped up production on synthetics as of now, but it is coming in the near future

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