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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 Jan 26, 2022 9:40pm
176 Views
Post# 34365240

RE:RE:RE:RE:Results of First Diamond Sale of 2022, Provides Update

RE:RE:RE:RE:Results of First Diamond Sale of 2022, Provides UpdateIf you research historical data dating bacst k to 2017 you will that they would be struggling in 2023. That is when the Hearns would run out of ore and the 5034 would be at the end of its run. The Tuzo would be low grade because of country rock and granite until they would get to the higher grades. Of course this was before they did the write down in 2020 when they came out with a new estimate for the tuzo and reduced the grade . The write down was over 200,000,000. Tha is why I am out because now it is a speculative play depending on the Kennady properties. I made money when they got rid of it and lost a lot more through dilution when they re acquired it. Desmond is running the show and if the CEO disagrees with him he is gone. Hence the reason for 4  CEO's in the last 5 years. 
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