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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

Post by briton Dec 05, 2011 5:19pm
374 Views
Post# 19293238

Nothing Wrong With Bottom Feeding

Nothing Wrong With Bottom FeedingHey Mates,

Frankly I don't see any problem with PE picking up shares while MPV is down.  I've down the same thing, as recently as mid-Oct. when I added to my expanding position in the $3.70s.  Smart value investors look for oversold levels, knowing that they are investing in a solid developer.  I continue to to seek oversold opportunities.

Ridge (and cbrit), I can understand your frustration,  which we all share, but there's not much sense in getting personal with each other.  In the next 2 years I suggest our ship will have come in and celebrations can begin.  Until then try to stay positive, keep busy with other positions in your pf, and if you do see some soft selling in MPV, take advantage of it.

Cheers,

Brit
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