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

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Comment by briton Jul 12, 2006 12:59pm

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Post# 11105829

RE: Question

Hey cbrit, What do mean by a "public offering"? Will they make an offer for the balance of the shares? Methinks that they are now the single controlling shareholder anyways, so the negotiations with a third party for the GK package can now proceed as one voice, w/o holdout by the current CFV management. The balance of insider CFV is not really a concern from here on in. It would seem that the TIGs wanted to ensure that CFV mgt. would not screw up any negotiating strategy they have in place. They have now achieved this. Cheers, Brit

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