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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

Post by briton May 15, 2009 3:01pm
372 Views
Post# 15996824

All Will Remain Quiet For Now

All Will Remain Quiet For NowHey Mates,

This stock is not for traders or those in for the short term.  It`s thinly traded, and solidly held.  No sense getting your knickers in a knot.

When the move does come it will be fast and likely the result of an after-the-market announcement.  It may happen next week, next month, next year or in a couple of years.  This is an investment that will allow many who are solidly positioned at a decent price, to retire early.

Until then there`s no benefit in getting up tight. 

Cheers,

Brit
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