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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 Jul 14, 2009 11:04am
468 Views
Post# 16135800

Smart Moves By Management

Smart Moves By ManagementHey Mates,

You have to love it.  I expect our Board will stay with pps until the price moves back into the multi-dollar range before even considering a public financing.  I also still expect a rights offering to be in the works early on.

For interest, have a look at the chart of Aber from inception to 1996, just before it made its first move to the $20 range. Now superimpose that on the MPV chart from inception until the present day.  Notice the correlation? Then came some softening as actual construction proceeded, until production commenced, and Aber really hit the world stage. 

And that is the rest of the story.

Cheers,

Brit
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