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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 svageron Sep 29, 2009 11:42am
370 Views
Post# 16346946

RE: RE: OT; Here is something to think about

RE: RE: OT; Here is something to think about

Sorry Marine but I have to call your valuation of $4 to $6 dollars a BS.How long TIGS have been around, over 5 years for sure? Are you suggesting thatthey would settle for only 100% gain that they could have had more than 4 yearsago?

In this case they could have invested their money into ANY dividend fund andget the same return in 5-7 years  WITHOUT tremendous risks that MPVrepresented at that time. They didn't have to be tied to DB at all in that case.

Selling at 4 to 6 bucks is just not worth their time! I honestly believe that MINIMUMtarget price for them at this point is $12 bucks. Anything less on theirpart is just plain stupid. I don't believe for a second that they are stupid orthat they can't count money.

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