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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 Sparkson Oct 07, 2021 5:40am
206 Views
Post# 33978664

RE:My best wishes to all

RE:My best wishes to allOf course we wish Stuart well but I can't aggree as a shareholder he did a good job. He presided over a period of incredible erosion in shareholder value  both pre and post covid. This erosion was disproposrionate to our peers . The mine appears to be on track to  have an incredible year yet the messaging from the CEO has failed to convey this to the market, the non telegraphing of the huge provision last year was unforegivable i feel and the inability to convey the positive turnaround cash generation to the market and put to bed any concerns regarding the bond holders has resulted in the price languishing at what must be a massive discount to net assets- as at today.

We need a replacement who will position the messaging in line with the turnaround that has occured on the ground to enable us to stand tall when talking to De beers knowing that we have Kennady 100% with resources that will attract a serious premium in the short term when we tell that story properly.

Upwards and onwards. Something tells me the incumbant will do well on whatever options he negotiates!! 
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