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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 Diopsideon Jul 08, 2008 2:53pm
275 Views
Post# 15269366

RE: This changes everything

RE: This changes everythingI was not trying for a direct comparison, but trying to indicate that you need repeatable results where large stones are considered, and G.K. needs to give up more stones >5 c to be considered up amongst deposits that are famed for large stones, e.g. Premier in S. Africa. i.e. it needs to be unequivocably established that this stone was not a fluke.

To many people are getting over-excited and making statements along the lines of "this will be a ten-bagger in three years" and so on, to paraphrase. It may be that the mine is extremely successful, and share price goes way up. But from the evidence currently available, that is hard to say, and people who come out on this board who yak on about how great things are are not contributing anything worthwhile aside from giving gullible people false pretenses of the project. Critical thinking is a necessary component of anyone's due diligence.

Other items, like the money necessary to make the mine happen, must also be taken into consideration when regarding the recommendation on the stock.
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