Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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.

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Mountain Province Diamonds Inc

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Post by jjwalshon Mar 13, 2013 8:04pm

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Post# 21125934

Stock price.

Years ago when the same thing was happening to the stock I phoned VanDerzan the CEO of MPV at the time and asked him directly did he think that DeBeers were trading in the stock, the answer he gave me was that DeBeers did not hold enough stock to be considered insiders therefore they could trade in the stock when and how they liked.I belive the same sitution exists today. Considering they are the ones counting the diamonds before MPV issues a NR it makes me wonder what the hell is going on.If anyone can tell me that this is not the case please post.

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