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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 stockpunteron Feb 10, 2020 6:02pm
139 Views
Post# 30670368

RE:RE:wrong thinking

RE:RE:wrong thinkingThanks!  I didn't appreciate all that; much of what PE accomplished was before I started following this story.  Nonetheless, it was PE making the bogus dividend predictions based on sales that did not materialize, no?  And where would we be if PE was still CEO?  Maybe 0.81US SP and no dividend?  The Dotards buying KDI in an all-stock transactions can hardly be blamed for the poor profitability.  The low prices that MPVD has gotten for their diamonds has meant low profitability and only a token dividend.  MPVD is not alone.  Look at LUC.
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