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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 cbriton Oct 07, 2009 2:12pm
283 Views
Post# 16370364

Arlekino

Arlekino

Re-read my post. I have no clue what you're talking about regarding names.....MPV plays a % of my overall portfolio and although I don't need any of it to retire, I am counting on it to do well. That is why I invested in it and why would anyone invest in anything? To make money.
To me, MPV is not a spec play and with all the facts, I cannot see how anyone can see it as a spec play. The diamonds are in the ground, we know the indicated amount, we know MPV owns 49% and the right to market their share which is huge. If MPV gets bought out low, it'll be more than what Winspear shareholders got.That I'm very certain of and it doesn't take an expert to figure that one out.
You stated it could get bought out for as low as 80 cents which you know will not happen so why make that statement? What's your purpose in that? 
 MrDesmond didn't spend almost 3/4 of a million dollars (at $2/sh) because he had no where else to put his cash.

I think if MPV gets bought it'll be between $12 and $15/share. If we continue on through to construction and into mining (which I'm hoping for), when the true colors come out (massive diamonds, increased resources, etc., who knows how high MPV will go...20,40/sh or higher? I have no idea but I'm certain if MPV sticks with the project, in 10yrs from now, I will be able to retire a heck of alot richer than I would of been without MPV. Will my share price prediction affect the trading or share price? NO it won't.

cb

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