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 gmdmsuon Feb 10, 2006 2:52pm

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Post# 10343969

RE: Zorro's calculations

I hear what you say Coney, but as you said: "One of my associates, who has followed MPV for more years than me, sold all of his MPV several years ago after doing a similar calculation." Now, isn't that associate of yours kicking him or herself in the "you-know-what" for selling several years ago...what did they sell for, $0.80 or maybe $1.00...so much for their brilliant calculation. That is all I have to say!!! I think MPV shareholders, and I'm talking the large shareholders (TIG) not the ones that own a few tens of thousand, know what they are doing.

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