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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 gmdmsuon Jul 31, 2006 1:52pm
289 Views
Post# 11167769

RE: TAKE OUT GETTING CLOSER

RE: TAKE OUT GETTING CLOSERI say $8-$10 because that's just me being conservative. Is it enough??? Probably not Will I be happy with that much??? Yes For me 2 year wait is not that bad, but I personally know people that have been in this game for over 5 years with an average price of about $1.10/share, so yeah $8-10 would be just fine for them. I know everyone here is hoping for another ABER, but we may have to come to terms that it may not happen, so why not get a good buck now??? How long are you willing to wait for your "$20.00 per share" as everyone puts is...2, 5, maybe 10 years. You'll never know how DeBums work and they could play this thing out as long as they want. Anyway that is all I'm saying is that sometime greed is not so good...JMHO
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