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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 buurrt9779on Oct 26, 2013 11:35pm
190 Views
Post# 21852083

RE:RE:RE:Mountain Province Future Potential

RE:RE:RE:Mountain Province Future Potential
I often wonder why you(in all your wisdom)bring up ABZ as a comparison to MPV. First diamonds found in a drill core by Eira were in 1994 if I remember correctly.First significant pipe at Kennady(5034)was in 1995 and subsequently Hearne and Tuzo in early 1997...not a signifant time lag. Yet Diavik 19 years later is significantly depleted and Kennady untouched.Yet you compare the timelines as if they're synonymous.Is this the economist talking or am I missing something? Seems to me the facts of the discovery timeline and subsequent mothballing of a project similar to Diavik are the reason some of us more than a little disenchanted with the progression of this resource.
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