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 Dec 17, 2008 10:43am

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Post# 15651442

RE: This is a bit off topic, but it is still relav

Tahera was doomed at the start. Way too many shares o/s... I think at the time it was 600 million and not enough diamonds to even pay the expenses.
I hate it when Tahera is mentioned in the context of MPV. Remember that Gahcho Kue has more than Snap and Victor combined and, as I've said before, if Gahcho Kue was 100% DeBeers, it would be a mine today. Over 10 friggin years...Man I'm glad MPV has finally went on their own for an independant feasibility.
Any guesses on total value from the spring report?
IMO, 5.3 Billion

cb

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