Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

Bullboard Posts

Post by cbriton Oct 25, 2010 11:43am

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Post# 17607294

resistance

Some resistance at $5.50 then $5.85 but not very much. IMO we'll go through it easy and pass $6. After that, it's my guess that the spec prices thrown out in the past few weeks from reports and such, the higher price of $12 regarding buyout, will be on the minds of those with deep pockets.
I'm not saying I think we'll get to $12. Those that are buying may have that as a selling price so I think, $8 could be attainable. Certainly nice to see true value come out.
cb

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario