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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 gmdmsuon Sep 28, 2010 10:49am
341 Views
Post# 17500773

RE: MLB says take a pill

RE: MLB says take a pill
I agree rdgeo44, people forget that this is still an exploration play and until DeBums decide to make this a mine it will remain just that. There has been no positive follow up following the news release and this has always been the problem with MPV.

Hate saying I told you so, especially to you Arlekino, but that is why I posted back in September 16, 2010:

"Well looks like the price has stabalized in the $4.50 area, and the volume is back to it's normal range. I sold a small position of my portfolio as I said I would just because I feel that the price will probably retract from this point on until hopefully another positive news release is released. I needed the money to pay off some debt, and hopefully I did it at the right time. Time will tell."
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