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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

Post by briton Sep 01, 2006 1:29pm
239 Views
Post# 11307279

Follow-up Explanation About Whittle

Follow-up Explanation About WhittleI should have explained myself. Have a look at the insider trading stats. Whittle is being paid as an officer of the company, and additionally was given a whack of cheap options. To thank the shareholders he has been unloading everything, which I think has contributed to the soft price on MPV. Clearly he does not give a hoot for the average shareholder, and has contributed little if anything to earn the options. I think he forgets that one's reputation precedes you in market circles. I'd like to see Evans replace him with a powerful PR/IR type. Cheers, Brit
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