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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 07, 2011 3:53am
455 Views
Post# 19214377

RE: in ground value

RE: in ground valueYes. I truely believe Tuzo will provide another 20% of value. Faraday and Kelvin were compared to 5034 so we could see a nice increase in value from them. To say we won't have more than 10 billion or 15 billion is a guess. Those who are interested in buying MPV (and we will get bought out) will take all of what MPV owns and they are waiting for closer valuations. My gut says.......$15 to $18 per share is what we'll see. $30 would be better but I doubt that.

For someone to pay 1.2 billion for 49% of a 10 billion diamond mine with marketing rights plus 100% ownership of more pipes, is a pretty good deal, especially if the 100% owned property has a few more billion in diamonds.

 DB did not want to drill any more of Tuzo. MPV told them to drill and what did we find?
DB want this cheap but we have TIG's..mainly MrDesmond.

This is big...real big and I'm anxious for the airborn survey news.

cb
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