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

Bullboard Posts

Comment by briton Aug 04, 2009 6:27pm

413 Views

Post# 16190675

RE: PP closed

Hey lit,

I was able to get 20K of the 50 I wanted from the pp. It was well oversubscribed according to my broker, so I can't complain. We have a major winner in progress here. As I mentioned back on July 14 .....

For interest, have a look at the chart of Aber from inception to 1996, just beforeit made its first move to the $20 range. Now superimpose that on theMPV chart from inception until the present day. Notice thecorrelation? 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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