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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 gmdmsuon Jul 04, 2009 7:02pm
283 Views
Post# 16117345

RE: RE: RE: De Beers

RE: RE: RE: De BeersI am not a "doom and gloom" person, but frankly I'm so tired of reading posts about "this is great news for MPV", or "at these prices, it's a great buying opportunity", or "the timing is right"...HELLO!!! I have not posted in a while simply because there is nothing to talk about. It seems everyone goes round and around in circles talking about the same thing over and over again. NOTHING is going on and possibly NOTHING will be going on for a while.
Held this stock for 5 years now, bought more at $0.99 this year and doubled my holdings by doing so. NO REGRETS, JUST WAITING IT OUT. I'm really hoping we become a mine or, my choice, get bought out. I've made some bad investment decisions as of lately and I just want to get bought out to pay down some debt. NO GREED, $5-$8 range as I've always stated in past posts.
Frankly I usually don't buy stocks to "HOLD ON" for a long period of time, that's what mutual funds are for. I read posts from some that have held MPV for more than 10 years...YIKES, I do feel for them, because I'm sure their intent was not to be in it for this long. I sure hope I don't  become a long-term shareholder.

Good Luck To Us All...
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