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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 Power33on Jan 28, 2023 3:36pm
228 Views
Post# 35252145

RE:Some Balance to Diamondboy

RE:Some Balance to DiamondboyLet me first say that Panmure  Gordon , a London based broker who specialises in the diamond sector , came out with a report yesterday on 2023 rough prices. They forecast considerable price increases this year. De Beers have recently increased prices for smaller goods I believe by 15 pc. This is an area that mpvd specialises in, filling a void after Argyle closing down. You are right that  zimnisky index two weeks ago showed .6 pc on an increase in week, followed by a .2pc drop last Saturday. What you failed to say though was that the index was up .4pc today for last week. That is a net 1pc gain in last 3 weeks. I think if this trend continues, mpvd could pay off 200m usd this year in debt.
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