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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 Feb 22, 2011 7:10pm
361 Views
Post# 18176759

RE: RE: RE: reaching the peak price

RE: RE: RE: reaching the peak priceThat's the reason of my frustration Cbrit. I really had the intentions of selling in the $6.50 range but all indications pointed to a higher share price. I certainly did not expect such a huge drop in price. I mean we're $1.50 off the high, that's a 22-23% drop in share price in less than 2 months. Does anyone else think that this is absurd. I don't know of any stock that behaves like this on no news.
And if there is negative news coming and it has leaked out prior to a press release than that is insider trading and most defenitely illegal.
Yes, as you have all guessed, I'm very frustrated.
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