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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 stockpunteron Feb 12, 2021 1:11pm
101 Views
Post# 32553752

RE:Mpvd

RE:MpvdI agree.  Anyone interested in diamond investing should look at the video on the Diamond Standard website.  If they succeed, possibly 10% of annual rough production will be polished, then locked up in digital coins, bought by investors, held in commodity ETFs.  The cryptocurrency  fans will one day wake up to the advantages of having something real backing their coin.  Diamonds will join gold as a standard way to hedge a portfolio against inflation.  The supply-demand equation for rough will shift accordingly.  Hopefully, companies like MPVD will reap some of the benefit.

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