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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 Oct 13, 2012 10:51am
210 Views
Post# 20480608

RE: Research Note -- National Bank-we are so under

RE: Research Note -- National Bank-we are so under

The way I look at this is opportunity to buy.

This is an incredible buy......78% increase in Tuzo and production hasn't started!!  Everyone needs to stop complaining when proof is smacking us in the face every day. Can't wait? Then please do everyone else a favor and sell.

 

Gahcho

Kué’s reserve base is just shy of 50 million carats with an in-situ

value of approximately US$6-8 billion or approximately 3-5% of

annual global rough diamond mine supply for the next 10 years. We

expect this reserve to grow as recent drill results from Tuzo Deep

increased kimberlite volume by 78.5%.

 

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