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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 Shnappson Sep 02, 2020 4:37pm
230 Views
Post# 31497850

RE:from stockwatch

RE:from stockwatchthis can't be right ...Will says" Kelvin and Faraday, just 10 kilometres northeast of Gahcho Kue, hold a total of 21 million carats, with grades and values comparable to Gahcho Kue's reserve. The problem is that Mountain Province holds a 100-per-cent interest in the pipes, for which it paid dearly, something that De Beers appears unwilling to do. Until one side budges, that kimberlite -- and potentially four more years of mine life -- will sit idle. "

We were told there was a deal in the works when dotards wanted support.  I can't believe they would lie.  Kennedy was a far more profitable investment than MPV.  Thanks Peter.
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