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

Comment by cbriton Nov 05, 2011 4:01am

327 Views

Post# 19212016

RE: RE: RE: Christmas came early this year

Well it's a no brainer that we have at least 10 billion in the ground. It was stated in the past that buyouts are based on in ground value which is based around 25% of total value. So looking at that with 80 million shares outstanding, I get around $15/share which sounds about right.
My guess is this may have already been offered but MPV management feels we have more in Tuzo than stated and that their 100% property has good value. So $15/share is what I think but possibly another 30% or so.
Dreaming? I don't think so.

cb

Bullboard Posts

Understanding tax loss season and the “Santa Claus rally”