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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 Feb 25, 2009 1:26pm
241 Views
Post# 15802708

RE: RE: My Prediction

RE: RE: My PredictionI also don't believe it'll go that cheap. Right now there are few who are happy in the market, pensions etc. so it looks bad right now. Remember a few years ago when we tanked to 60 cents from the BS from DB? Didn't take long to come back and yes today it's the economy as a whole. However, GK has a mine coming...maybe delayed but the diamonds are still there and more to be discovered. It's hard to say what our shares will be worth as a buy out or maybe no buyout. I side on the buyout since I doubt TIG's want to wait another 10 years. If Winspear got $5, we should see more. Today it may not seem possible but once the final numbers come out, things could change real quick....or not.
cb
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