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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 briton Nov 29, 2012 2:08pm
250 Views
Post# 20661622

RE: insider buying - Morse

RE: insider buying - Morse

TIGs have already indicated that they will exercise any Rights not taken up.  The cost to them for Rights not exercised is zero.  Therefore they were in no rush to buy the Rights on the open market, after it became clear that there would be ample not exercised.

 

I would not be surprised if they are able to increase their insider position by another 15 -25%.  Very smart business types, given the value of MPV.  Success breeds success they say.

 

I rarely look in the rear view mirror, but with MPV I've made an exception, by looking at the historical chart of Aber Diamonds who had a smaller percentage of a much smaller deposit.

 

A very positive upcoming 2 year period is ahead for us.

 

Cheers,

 

Brit

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