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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 May 01, 2021 11:29am
186 Views
Post# 33108334

RE:RE:RE:RE:RE:RE:Here come the Irish.

RE:RE:RE:RE:RE:RE:Here come the Irish. I agree diamond price increases are helping and that expanding the GK mine plan to include Kennady deposits would be crucial to salvation.  It is just not clear that enough good things will happen before a very bad thing will happen.  In bankrupcy protection, the debt holders (Irish) get paid something, and the shareholders (Irish and us) get nothing.  Then people with money (Irish) participate in refinancing and own the new company.   So, you are right in thinking the Irish are coming for MPVD,  according to this scenario.
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