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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 stockpunteron Nov 24, 2019 2:47pm
157 Views
Post# 30387343

Out

Outall wrong.  look at LUC.  The main problem is low global rough prices, which will likely correct next year.  We are in the blood-the-streets stage in the diamond mine space and it is time to buy.  DD knows it.  
Granted, MPVD could go bust.  It has considerable risk.  But, if it survives until rough prices recover, there is much upside, especially if they are successful in exploration. 
BTW, I bought into this stock after PE gained cult status on this board.  Why does anyone tout his actions as an augery?  He was an irresponsible pumper talking about a big dividend before they even opened the mine.
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