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 Macloud1on Mar 22, 2019 11:17am

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Post# 29523017

RE:RE:RE:RE:RE:RE:Unrealized Loss

Correction the word should be loss not gain.

Tiny my understanding is, that loss has already been expensed out in the loss claimed in the 2018 statement of 30 million. They just pay it out of the funds remaining in the cash flow account we didn't pay when we claimed the 30 million unrealized LOSS. If the Canadin dollar goes back up then we will have an unrealized gain. That is why the bonds at the beginning when the loan was taken out in 2017, 330 US or 414,800,000 Canadian. At the end of 2018 we show 309.9 US and 422,300,000 Canadian.

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