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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Post by briton Jul 05, 2006 11:25am

374 Views

Post# 11064424

First of all Thanks ...

to the individual who sold me the 17,000 CFV at 1.17 yesterday. Much appreciated! Now what we should keep an eye on is an outsider deciding to buy out the remaining 65% of CFV. If that happens you can bet that DB will be in for some stiff competition in its bid for MPV. I'm pulling for ABZ or BHP, both of whom want to extend their aggregate mine life in Northern Canada. For those of us who are solid MPV/CFV investors, this TIG deal bodes extremely well for our share value in the coming months. Here's to great Fall season. Cheers, Brit

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