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 Jan 29, 2007 10:56pm

278 Views

Post# 12119070

RE: You poor Schmucks...beatnik216

Hey beatnik216, You sound very embittered. I'd guess that you've lost money on both MPV and COL. You're right on one thing ... COL is very sick and needs help. However your goal of taking over the management of COL is a pipe dream, but I wish you luck. As for MPV, maybe you should accept your losses, quaf a few pints, and walk. Then you'll be able to sleep at night. The rest of us are quite happy with the progress being made as MPV evolves. Nothing goes straight up ... except for MPV when the first offer is announced.

Cheers, Brit