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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 27, 2011 8:17pm
226 Views
Post# 19270390

RE: What's next?

RE: What's next?Patience ridge,

Remember the "glass half full" thought?  I realize you've been here a long time, but if it's any consolation, many of us have been with you in this long journey.  I feel that  we'll all be rewarded for the time we've spent as value investors, and when you put everything in perspective, there are few blue chip companies that have provided the return we've so far enjoyed with MPV.

At least we know that GK is going to production.  If we were to be bought out tomorrow, the CRA would take a big chunk, and what would we invest in with our share?  Given the state of the current markets, i would just as soon have my money tied up with a company that has realistically the potential of another Aber Diamonds.

My advice?  Stay the course, and enjoy life, for we know that eventually we'll be the winners.

Cheers,

Brit
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