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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 Macloud1on Sep 27, 2020 8:25am
190 Views
Post# 31626301

RE:RE:RE:RE:wonder what

RE:RE:RE:RE:wonder whatI have agree with you stock punter. It is not the current board that is at fault here. We all got caught up in the dream the snake oil salesman PE sold us. He had over promoted the value of diamonds which was not there. What was there were a lot of cheap diamonds mixed in with valuable diamonds that still makes the mine profitable. I once read, that a sign of a good CEO is one that abandons ship before the colapse, which makes him look good and whoever takes over is made to look like a failure. Then Covid really exacerbated the situation. I also believe this thing is turning around and will be profitable. We just sold 200,000 some odd run of the mill diamonds for 11,000,000 million Canadian. If poeple are smart they will vote yes to the proposal. DD will take over the 25 million line of credit, we will have another 50, 000,000  in back up money to sell run of the mill diamonds.  What is more important we produce on average over 1200 carats of fancies and specials every month which is the reason the average diamond value climbs    to 70 plus US per carat. We have not sold any of those diamonds since January . That means we have 10,000 carats or more to sell . That is going to be a huge cash injection tht will pay off the 25,000,000 to DD and put us back on our feet. Crying, whining and bashing this  board is not doing anything . As a matter of fact if you are one of those whinners and still have shares you are an idiot. ell your shares and move on. 
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