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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 diamondminderon Oct 14, 2006 12:03pm
376 Views
Post# 11503346

anybody have any guesses on when building starts?

anybody have any guesses on when building starts?does anybody have any guesses on when construction starts? Is there some sort of time line? de Beers homepage says Gahcho Kue opens in 2012, PM's says it opens "by 2011" and then the joint-venturers (De Beers + MPV + CFV) are supposed to be clearing the dirt off of a kimberlite pipe adjacent to Kennady lake in mid-2009. The project is supposed to take three years to construct so does anyone have any guesses about when construction and production are actually starting? and when will our stock skyrocket???????
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