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 gmdmsuon Dec 25, 2008 9:42am

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Post# 15666990

RE: RE: RE: RE: Mountain Province nudges De Beers

You know I find it very interesting and puzzling reading posts lately that say selling to DeBums for about $5.00/share would be OK!!!
The reason I'm saying this is because I recall posting many times just a short year ago (when share price was hovering at around $5.00) that I would be very content with an offer between $6-8 from DeBums. Well that didn't sit very well with most, and most wanted to burn me at the stake saying that this project with it's approx. 5 billion value in the ground was worth at least $20.00 and there was no way the TIG would settle for anything less than that.

HMMMMMMMMMM, very interesting to see how the tone changes when the chips are down...

Hope everyone had a great Christmas.

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