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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 minedog2on Jul 09, 2010 10:46am
382 Views
Post# 17256823

RE: EIR

RE: EIRIf you go back and use a historical look at EIR ,s you will see the average goverment  approval is about 14 months .Ive mentioned before the NWT goverment needs the revenue and has committed themselves  to improving the process {Lets hope }.Maybe its wishfull thinking but If power lines are included in this feasibility and maybe a larger resource this could be the catalyst for a run .Worst case this winter we can start to haul building materials up the ice road finaly making progress.I cannot see exiting the year less than 5 bucks if all this is done.Its just a guess but historicaly this is when the run begins .Feasibility,Eir ,financing ,construction,Then start up and first quarterly .Ill expect a stock increase at every stage .Your right goverment approal is a big one though .2012 !! Its closer than we think
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