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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 Shnappson Jan 14, 2013 12:11pm
246 Views
Post# 20835004

Harry Winston

Harry Winston

HW needs diamonds and their supply is dwindling.   Is it cheaper to drill and dig to find some or buy up a company who has already done the digging and drilling?

DB  also needs diamonds and likes to control as much of the rough market as they possibly can .  That was certainly an Oppenheimer tactic but may still hold true.

Both companies must be looking at MPV.   I don't think this stock is going to get any cheaper.   A lot of the uncertainty has been dealt with , so logic would suggest we are going to get an offer in the near future if we are gong to get one at all.

I believe it is going to get very interesting for shareholders in 2013.  Its about time   I am going to hold my breath.

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