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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 briton Jan 27, 2007 1:16pm
193 Views
Post# 12106588

RE: check it out - gmdmsu

RE: check it out - gmdmsuHey gmdmsu, I think you may have missed my point. Let me put it another way in responding: 1] all juniors are spec, and I look only at what factors increase shareholder wealth. We can argue politics until the cows come home, but that doesn't put food on the table. 2] Blood Diamonds is Hollywood. Nothing more and nothing less. Of course if you take Hollywood productions as gospel, then debating their influence on the public becomes a mute point. 3] Several on this board are pushing GGL, I suppose because of what appears to be a bargain basement price. I'd say that, all things considered, GGL has as much downside risk, as upside potential. On the other hand, RVI has negligable downside, and significant upside potential. A wise investor looks well beyond price. While we wait for MPV's GK to evolve into what will be one of the biggest, if not the biggest diamond mines in Canada, I want to continue placing money on other diamond juniors that I feel have sizable short term potential. Having known the HD Group since my stint with Yorkon Research back in the mid eighties, my comments about RVI I feel are reasonable. But good luck with GGL. I'd like to see us all succeed. Cheers, Brit
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