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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 jjwalshon Jun 26, 2012 7:48pm
406 Views
Post# 20057131

Future

Future

I have been sitting in the background for 14 years and have always been long.My holdings are just 20 k and bought in at 67 cents. I have done well over the years.My view is that Anglo are now in charge at DeBeers or will be shortly and they are very unlightly to continue the current JV when they can buy us out with the petty cash.Dermot Desmond has never been a long term investor he has made his money  moving in and out pretty quickly i.e. London City Airport etc. I belive the future is already known to the senior people and we will see things moving quickly going forward. Patrick Evans has insured his future with Kennedy Diamonds when new management take charge of MPV.

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