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 shambanoon May 02, 2007 10:37am

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Post# 12710622

RE: No matter what

I'm not knocking MPV, I own shares but I always thought Tuzo was the weakest of the 3 pipes, but that might change with more drilling. I agree, we have a mine for sure. I'm also buying more but right now I'm waiting a little longer just in case we get some weakness, usual weak summer doldrums. Spec players are no longer accumulating MPV for a TO in the short-term and longer term MPV will need some cash. I'll be a big buyer in low 4's if we even get there. Cheers and GLA

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