Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

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Comment by Macloud1on Nov 06, 2020 7:46am

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Post# 31850098

RE:RE:Purcell

This not "could bode well" it is going to be "WILL BODE WELL" .

If you check the fourth quarter last year you will note they had two sales for a total revenue of $47934 Canafian (36.2 US) and then they added a carry over of 17.1 million Canadian (13 million US) for total revenue of 65 million for the quarter .

Our first sale in the fourth quarter is already at $45.7 Canadian 34.1 US . WE have another sale schedualed to close in Antwerp on December 11th.

We are on tract to beat the fourth quarter od 2019.

We have 24 million in cash plus the 45 .7 million from the first sale for a total of 69 millon . With the cash from the next sale we will finish the year in pretty good shape

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