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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 cbriton Nov 02, 2011 11:43am
436 Views
Post# 19202043

RE: 11plus Billion Deposit

RE: 11plus Billion DepositIf you look at the Tuzo pipe ...actually cut and paste, print it out, pull up a typical diamond pipe shape and compare.You will see that Tuzo could be 20 to 50% deeper unless it tapers off fast. My guess is at least 30% more. My guess is also more diamond bearing pipes to be found...3 or 4 new ones and that Kelvin and Faraday will be at least 50% the value of 5034. I don't have to use a calculator to figure out that the entire package will be worth well over 10 billion. Diamet went to $70 in short time. Where will we go? Maybe not $70 but over $20 isn't dreaming anymore. I have set myself up to retire when this baby breaks away.

cb
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