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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 Wisdomwithageon Mar 18, 2019 1:55pm
119 Views
Post# 29501571

RE:KDI for Losers

RE:KDI for LosersThere certainly are suspicians surrounding MPV's fall from grace with most of the institution and pension funds that once were strong supporters.

The fact that the share price of a spec explorer, with no proven up reserves, could be artificially sustained at the $3 + level while a true, profitable mining concern seemed to mysteriously move lower to the same share price level, where suddenly there was the "suggestion" of a merger? 

The natural question for any investigation will be "was there  a common denominator at work?"  I definately look forward to the direction this case takes in the coming months.  It's important that we let everything play out. 

We may well be surprised ... or maybe not, at where investigations, and subsequent proceedings, on several fronts, lead.

Cheers,

Brit



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