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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 Jan 15, 2012 1:37pm
208 Views
Post# 19405451

RE: No sense

RE: No sense

I don't wish we get bought out and our wishes won't change a thing. It'll happen no matter what we want. I would certainly be disappointed if we get less than $12. As far as KDI timeline. If MPV stays with DB in this JV, we may not see a thing for 5 more years anyways. I would rather see $12 now than $18 in 5 years. Don't forget that the spin off is giving us a 20 to 25% premium so if we get $10, we're really getting $12.50

 

cb

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