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 cbriton Sep 30, 2008 12:42am

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Post# 15493128

RE: Trouble

Yep I agree. Whole problem was overpriced homes and lenders giving money to those that couldn't afford it. Calculating "affordability" on Interest only payments at sub prime rates. I always wondered how Californians could afford a $500,000 home on $80k'/yr!! Ahhhhhh...they couldn't.
Watch out Western Canada with the overpriced homes across BC and Alberta. Just take a look at what $250,000 will get you in Calgary, Grande Prairie and FortMac. Not TFM!!!!
Yes let the bubble bust and the snow settle on the ground. In the spring when it all melts and the waters dry up, the markets will be bottomed.
Now watch the foreclosures, especially business that need credit.

cb

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