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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 buurrt9779on Jul 05, 2012 5:53pm
326 Views
Post# 20086445

RE: Who picked up the 100 K ?

RE: Who picked up the 100 K ?

I'm responsible for 4000 earlier this morning at 4.00 but don't have that kind of cash. Strange that 174k trade on the date of record. Can't be due to the spin off even if it were still in effect. Why would one spend 400k to get 20k of KDI when he could wait until the 10th and buy on the market.And no I don't believe it will trade at even .50. Value if any is yet to be determined IMO.Tis interesting that share price dropped after the last of the expected news...Tuzo deep drill results couldn;t have been much better tho it only implies that we have more kimberlite at depth...not necessarily economic diamonds.So what will get this stock moving? I still suspect DB/ANGLO is waiting for ERB results before making an offer...late this year?

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