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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 Feb 12, 2021 12:15pm
194 Views
Post# 32553087

Mpvd

MpvdDiamond standard could be a game changer for rough diamond market  . They hope to launch many usd billions of this product in next 18 months. Their intention is to capture 10 pc annually of the polished diamond market. For regulation purposes, they are starting off with 25m usd. This is their beta test which needs to be audited by Deloitte. If they capture a material amount of the polished market, this will reduce the supply of diamonds that can be sold for retail. This should drive up diamond polished prices, which will feed down to rough prices. This is a totally new demand market , which I believe will drive up rough prices substantially in years to come. There are some heavyweight investors behind this operation. I will be watching closely
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