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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 shambanoon Oct 27, 2006 10:30am
227 Views
Post# 11567050

RE: Re: light a fire under this

RE: Re: light a fire under this I think I’ll just hold my shares instead of sacrificing them to help everyone out. The stock is going to go much higher without out little sacrifices, it will just take time in either case. I don’t expect a major move without DB revealing their hand investors just don’t want to buy large positions these days and then may have to sit on them for 1-2 years, who really knows. Just sit back and wait for DB to make their move and I expect some significant news in 2007. What is your opinion on MPV taking out CFV in the near term just to consolidate that interest into one holding? TIA
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