Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc > Two steps to go

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Comment by Macloud1on Oct 27, 2022 7:34pm

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Post# 35054673

RE:RE:RE:RE:Two steps to go

Agree 200% explman, we have been down this road before. They have already give a 5.9 million dollar gift to the bond holders renewing the loan which is 3% , That is 1% per year so now the true rate is 10%. Also be weary of this :

The issuance of the New Loan Notes is subject to, among other things, finalization of the specific terms thereof, the negotiation and execution of definitive documentation, and regulatory and disinterested shareholder approval.

When that information is out you will know the true cost of the deal or no deal

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