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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 Nov 29, 2009 2:18pm
378 Views
Post# 16534271

RE: Investor fatigue,,,Five more years ??

RE: Investor fatigue,,,Five more years ??Hey Marine,

A couple of your points confuse me:

"One risk is dilution in the form of financings put up by MountainProvince's major shareholders that increases their share of the futurevalue at the expense of minority shareholders".  Unless I misunderstand you, if the major shareholders benefit, we the smaller investors will also, especially where many of us have an average cost/share in the $1 range

"The other risk is in the form of opportunity cost where one's capital sits idle"  A sensible mining oriented investor should have a well balanced portfolio, that includes a broad specrum of commodity based stocks.  To be in only one stock, or one play is a fool's game, right?

Cheers,

Brit
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