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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 briton Jul 11, 2008 10:38am
213 Views
Post# 15282252

RE: Of Big Rabbits,...cbrit

RE: Of Big Rabbits,...cbritHey cbrit,

Don't let rdg/MLB rattle you.  I've read al  the same posts, and concluded that he's having a little good natured fun. 

Like most of us you're a little frustrated with the way insiders are handling things, and you've good reason to be.  I'm no different, as are my students who also question the motives of the likes of DeBeers.  DB have developed, or should I say earned, what appears to be a less than professional reputation within the international mining community. And I'm being polite. I've chatted with a number of colleagues in our geology faculty, and gather their reputation is one of the lowest worldwide. 

It's just unfortunate that a company once considered to be a member of the mining elite has fallen so far that its  limited ongoing success can only be achieved on the backs of the inexperienced Juniors.  Trust is something that is earned through years of good deeds, and can be lost with just one bad one.  DeBeers, when they fall, will be mourned by few.  That makes it all the more important that our "management" demonstrate some vision, and get us out from under DB's current stranglehold.  I've said it before and I'll say it again ... the TIGs and ourselves need the likes of TECK or  BHP to come with a solid offer for our 49%, and then give DB the lesson of a lifetime.

My feeling is that the curtain is gradually falling on DeBeer's days as an international concern.  Enough said.

But back to the "planned" Las Vegas party.  cbrit, you are invited.  You've earned a place at the head table.



Cheers,

Brit
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