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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 ljones1on Sep 14, 2010 7:31pm
535 Views
Post# 17448453

Buying Opportunity

Buying OpportunityToday was a great buying opportunity.  I picked up another 5,000 shares - below $4.00.       Over the coming months (if not weeks) IMO the share price is going to continue trending upwards.   I saw that Paradigm Capital has put out research (after the NR) -- like Wellington Capital -- one year target of $6.00.      $12 target in 3 years!

I think word is really going to now start spreading about MPV and Gahcho Kue and how undervalued it is.

I am looking forward to the "real" numbers in the next press release from MPV on the Feasibility Study.   I think this was just a conservative way to tell the market -- green light on the project...stay tuned for more info.

Don't sell now -- it's still way too cheap and you'll be kicking yourself !

L.J.

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