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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 cbriton Oct 10, 2008 12:20am
279 Views
Post# 15518418

RE: Incredible-gmdmsu

RE: Incredible-gmdmsu"Diversify" you say? MPV is about 20 to 25% of my investments. I have my company pension through Sunlife, previous locked in pension with Edward Jones and stocks on the side. Within that I'm invested in Trimark,Hartford,Fidelity and some strips and bonds. Everything other than the strips and bonds have tanked.
MPV's drop is panic and market fear. If the Dow was trading where it was in June, MPV would be over $4.
Look around. TRP,POT,AAPL,OIL,CLL, etc. All have tanked so please place MPV's stock drop into reality. Yes DB may put out a NR "Due to world economic downturns, current credit issues have placed a hold on the NEXT LARGEST DIaMOND MINE".
Ya we could drop more.....or we could be at $3 next week. Who's to say for certain? Personally I'm done buying until spring.
cb
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