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.

TSX:MPVD - Post by User

Mountain Province Diamonds Inc

Bullboard Posts

Comment by briton Feb 25, 2009 3:49pm

241 Views

Post# 15803247

RE: My Prediction - McLeod

I doubt DB is in any position to take anyone out. And I doubt TIGs would want to take MPV private since they're in the investment game, not the operations game.

I remain convinced MPV will be absorbed (merged) with the likes of RTP or HW on a share exchange basis. The new entity will benefit not only from the enormous potential of GK, but also the years of accumulated tax losses of MPV. So for the right entity MPV has 2 significant benefits to offer.

Patience. Our time will come.

Cheers,

Brit

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