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 diamondminderon May 21, 2011 4:46pm

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Post# 18611385

RE: Interesting recent Harry Winston interview

GREAT FIND THERE SIPSKB!!!!!!!
https://www.reuters.com/article/2011/05/20/us-harrywinston-interview-idUSTRE74J5YI20110520?feedType=RSS&feedName=innovationNews&rpc=43
Harry Winston looks to buy into diamond projects

TORONTO (Reuters) - Harry Winston...is looking to acquire Canadian projects still in the development stage...Harry Winston....is not looking to buy or take a stake in another producing asset..."What I'd like to find is something that hasn't yet been started up, but with a recognized resource," ..."Or a resource that we can measure and understand its true value.".....while there was no real limit on price the company would pay in a takeover or the purchase of a stake, the project would have to provide added value...."We've got to find something that's accretive to what we already own."...most diamond juniors...have market capitalizations of much less than C$500 million....about $110 million in cash on hand, could use a share exchange..."

AGAIN, GREAT FIND THERE SIPSKB!!!!!!!