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.

TSX:MPVD - Post by User

Mountain Province Diamonds Inc

Bullboard Posts

Post by briton Jun 08, 2006 11:52pm

301 Views

Post# 10966912

Fundamentals Haven't Changed

Hey Mates, The talk of MPV going way down has to make sophisticated investors smile. For those of us who entered below the $1 mark, or for that matter below $2, we know that the eventual buyout will be in the $10+ range. We also know that MPV has been caught in the downdraft, which will end in the coming weeks as the secular bull market in Ag and Au resumes. So sit back and enjoy a few pints. If another lucrative buying opportunity presents itself before we return to our earlier highs, you can bet there will be a few of us attending to some further accumulation. How many companies trading on the TSX or CDNX are guaranteed buyouts at 3 x to 4 x the current share price? Now that brings a smile to me face.

Cheers, Brit