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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 Macloud1on May 01, 2020 7:47am
329 Views
Post# 30974969

WE SITTING DUCKS

WE SITTING DUCKS Wiht the shares in the .43 cent range and the bonds trading at .67 cents on the dollar, we are a prime target to get taken out by someone who believes the diamond market will turn around. ie: Anglo American or DD who already owns 68 m shares and 60 Million of that debt. He could potentially acquire the rest of the debt for 160.8 million and the rest of the shares at 100% .86 cents for around 122 million . In Anglo case that would be a big win for then because they would alos absorb the KDi . Hell they paid 100 million for an unproven exploration play last year. 
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