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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

Post by Hideawayon Feb 25, 2019 9:18am
166 Views
Post# 29408054

Last Sale Results

Last Sale ResultsThe sale of the 50 fancies plus the 63 carat yellow werer to be included in last weeks sale. They previously announced results of sales would be released quarterly. It would be appreciated if the Company could make an exception for this sale and release the results considering the exceptional stones in this grouping and also in light of our disasterous share price. 
It is probably too much to expect from this Board since Brown and company do not seem to want to support our shares in any way except to make statments such as he did at the recent RBC conference to cause further deteriation. 
 Canadian juniors have a difficult time with stopping and getting rid of bad management and aside from lawsuits which can be expensive and often fruitless there is little small retail can do to remedy the situation.
Like many longs, my losses are substantial and the sad part is I did not see the wisdom in selling after the KDi mess and subsequent events. At this point ,I am still in a holding pattern.
GLTA
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