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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 explorer49on Mar 18, 2020 1:55pm
220 Views
Post# 30822492

dd's loss

dd's lossbased on last filing, dd owns 66,622,071 shares. by my reckoning, his average cost is about $3, so around $200 million. based on today's price, his holding is now worth about $30 million. $170 million loss on this venture! he also owns a bunch of the bonds that are now trading at 80c on the $. could he possibly be pleased with the dotards? at the very least, they should scratch their $50,000 a year directors' fees and mr brown should take a steep salary cut. time for the dotards and mr brown to start share the pain with dd and the rest of the shareholders!
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