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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Comment by briton Nov 25, 2006 10:55pm

335 Views

Post# 11750697

RE: My guess - cbrit

Hey cbrit, You may be right, but should that be the case it just means we have to wait a little longer for the benefits to start coming down the pipe. It also seems a certainty that: 1] diamond prices will continue to rise in the interim 2] further exploratory activity on GK will very likely increase the i/i/m, and therefore the value of the JV by itself 3] in addition to the value placed on GK, MPV as a whole will likely grow its other assets, making the company in its entirety even more valuable In other words ............... we win

. Cheers, Brit