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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 Apr 27, 2021 9:23pm
165 Views
Post# 33079953

RE:RE:RE:RE:RE:RE:RE:This is why the Irish are coming at 2 bucks to swipe this

RE:RE:RE:RE:RE:RE:RE:This is why the Irish are coming at 2 bucks to swipe this If you check sedi you can see every transaction desmond made.  Since 2018 he has accumulated over 68 million shares all the way down to .28 cents a share. He stopped buying in may of 2020. THat is probably when the insiders knew about the bad news for the Tuzo coupled with the pandemic it spelled bad news. It is no longer about the price of diamondless shares an s. It is about the life of the mine and the fact the Tuzo does not have sufficient grade to break even. They have have canelled the May sale and the CFO stated in the last conference call they would have a cash flow problem in the second quarter. We no longer have a line of credit. Your dreaming I think unless ther eis a miracle. Iwas always positive about MPVD but I have lost my confidence in the numbers. They just don't give right now. He could he could have offered 2 dollars a share last year when we trading at .28 cent and it woulf have been an 8 banger . Not going to happen. MPVD will probably default on the line of credit and won't be able to get financing to renew there upcoming loan in light of the Tuzo situation. The shareholders will hold the worthless shares and the creditors will own the mine. Just like Stornaway I think. 

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