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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Comment by Shnappson Oct 23, 2013 5:23pm

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Post# 21842806

RE:RE:RE:RE:RE:RE:RE:share price

This sector , mining has been beaten down for about 3 years. Almost no one has come out unscathed. MPV and KDI are exceptions.
The market will swing our way again . I think that we are about to see an upswing in the mining sector.   If you look at most equities they are trading at or near all time highs and at lofty multiples.
The mining sector is the exception. You can buy many high quality names trading cheap at low multiples.   That is going to attact the investment community at some point and I think that is now.
Are you going to put money in Tesla or Apple or Netflics or Price line trading at 50 times next years earnings ?   I sold most of my US holdings and put a lot into mining in the last couple of weeks.

Mining is cheap. Sit back and relax . Our time is coming.   ( please ) LOL

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