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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a lacklustre 59-85-146. The TSX Venture Exchange added two points to 566 while polished diamond prices were flat. Dermot Desmond's Mountain Province Diamonds Inc. (MPVD) gained one cent to $1.64 on 93,000 shares. The company is trading far below its 2016 high of $7.18, thanks to disappointing rough diamond prices achieved by its Gahcho Kue mine in the Northwest Territories.
Benoit Gascon's Mason Graphite Inc. (LLG), down two cents to 57 cents on 81,000 shares, has received an updated feasibility study of its Lac Gueret graphite project in north-central Quebec. The study pegs the discounted net present value at $278-million after taxes for a 25-year mine that would cost $258.2-million to build. (The old study put the value at $352-million and the capital cost at just $165.8-million.) The scale of the mine is unchanged, with projected annual production of 51,900 tonnes of concentrate per year.
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