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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 factRbeston Jul 03, 2019 10:04am
151 Views
Post# 29882900

RE:It's tough...

RE:It's tough...dabard51 - (6/29/2019 9:16:38 PM)
It's tough...
It's tough to be a cash-flow-positive, profitable mining outfit these days.  We were so much better off years ago, scrambling to secure the next round of financing, and paying executives in options that promised hope of payoff only some time in the far future...
========================================

When it has been shown time and time again that money will be skimmed for a select few.
The price no longer reflects the value of the company but rathe the distrust of the market.

My hope now is DB takes it out and wipes out the people who did this to MPV.
We all get hit but sometime there is gratification in watching them go down with you but much harder.

I fully expect to see new ways that don't require commitment of funds to secure a greater strangle hold on the public of this publicly traded company.

 

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