Mountain Province Diamonds Inc. Stock Analysis MPVD.TO

Mountain Province Diamonds, Inc. engages in the business of mining and marketing rough diamonds to the global market. The company is headquartered in Toronto, Ontario. The firm'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 96,000 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. The Gahcho Kue Mine includes four kimberlites in the mine plan; 5034, Hearne, Tuzo, and Wilson. Kelvin is estimated to contain about 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton.