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 elberbankon Nov 15, 2007 5:58pm

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Post# 13816093

RE: Question for the board.

Thanks cbrit The diamonds must be on the low end when it comes to value…I, for some reason, would have thought the value would have been higher, after all they are gem quality From Street Wine by Will Purcell Nov. 14 2997 “….All the Kyle kimberlites and the Metalex finds proved diamondiferous, although with modest numbers at best. Still, the finds are intriguing in the context of the De Beers mine at Victor. The company is building a $1-billion mine out of about 30 million tonnes of kimberlite that averages less than one-quarter carat per tonne. The real story is the diamond value, which handily tops $400 (U.S.) per carat….”.

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