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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 Feb 06, 2006 1:32pm
217 Views
Post# 10306666

RE: The Joint Venture Agreement

RE: The Joint Venture AgreementHey Zorro, I have yet to hear your agenda. You seem to be spending a great deal of time trying to create an atmosphere of doubt about both CFV and MPV. We had a similar chap with a similar strategy when I owned BAY - I purchased it in the low 30s - and the result was very similar .... BAY was acquired by PAA for approx. $7.50 in shares. Naturally we never heard from him again after the buy-out. Being a "professional geologist", you no doubt remember the play about which I speak. Naturally I expect history will repeat itself. In the meantime though, you're certainly free to short both CFV and MPV. Cheers, Brit
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