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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 maccon Jun 15, 2006 11:22am
353 Views
Post# 10993300

RE: northern miner

RE: northern minerTalked to MPV CEO Mr Evans yesterday.Nice enough guy for him to have called back in such short time after I left MPV secretary a message. He explained that things were moving along quite well and in a timely fashion;as Canadian Diamond mine approval goes. The agreement goes to the effect that if Debeers miss out on any condition of agreed exploration or other cost ,then MPV has right to look for another partner.Fat chance Debeers will renege on any agreed apon expenses.So were stuck with Debeers.This will eventually be a mine.A profitable one.Just a question of time!
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