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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Post by diamondminderon Nov 08, 2007 11:12am

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Post# 13776135

BHP flexes its muscle

BHP Billiton, which I believe owns Ekati, is trying to buyout Rio Tinto, which I believe owns Diavik. Here is the article https://www.reuters.com/article/marketsNews/idINN0862928520071108?rpc=44 Here are two quotes from the article. "on Thursday...BHP Billiton...said it had made a bid for rival miner Rio Tinto..., which appeared set to lift shares of natural resource companies sharply higher." "The fact...BHP is willing to come out and pay a premium for Rio and BHP's stock is up -- if those aren't bullish signals saying the demand for commodities is still strong, I don't know what does..." S&P 500 futures (SPc1: Quote, Profile, Research) rose 4.2

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