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 Mar 13, 2009 3:14pm

254 Views

Post# 15843662

RE: RE: The Mystery of Options - ljones

Hey ljones,

His (Varshney) having a legal background says it all. He's there, not it appears, for the betterment of the company or the shareholders, but his short term personal gain.

The other directors receive options also, but at least they wait until the company has demonstrated a reasonable increase in shareholder wealth before they exercise their options. I've followed the track records of the directors with regards options, since buying into MPV back in 2004, and Varshney stands out like a sore thumb.

Even during his Camphor days this MO prevailed.

Brit

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