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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 Power33on Jan 27, 2021 12:30pm
312 Views
Post# 32399698

Mpvd

MpvdWith the diamond market improving by the day, the increase to 90 usd in last sale without the Polaris diamond, mpvd is on the rebound. The rapid improvement in the diamond market should make it much easier to refinance the bonds at end of 2022. With MPvd owning 100pc of kennady, where there is inferred and indicated resources of 21m already, and massive exploration potential in gachkue and kennady, the future looks very bright. There could be up to well over 20 years of diamonds available . With increasing demand and falling of supply of diamonds in the coming years, further rises in price of rough diamonds is inevitable. MPvd has turned a corner in my view and they could be back to five dollars cad before you know it.
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