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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 DenvCol1on Jan 28, 2014 8:44pm
208 Views
Post# 22145123

RE:A friend of mine...

RE:A friend of mine...Diamondminder, I don't think this is 2008! Yes, we are getting a correction in the market, and Mountain Province may have been impacted by this correction, but the main reason for the recent stock drop is because a lot of people are getting tired of waiting for the final permits and start of construction! This all happened before with Aber Resources! We all know about MPV's upside with the big diamonds in the 3 pipes adding to potential revenues, and the upside of the Deep Tuzo drilling and sampling! Kennady Diamonds is a totally different situation! Mountain Province has a very realistic "base grade" of 1.3 to1.6 carats per tonne. KDI has grades that have varied from 4.5 to 11 carats per tonne because the big diamonds were included in the grade calculations. Small diamonds are relatively evenly distributed in kimberlite rock. Big diamonds come and go. MPV has a lot of upside. KDI is an unknown. Neither stock is dropping a lot because of the stock market correction.
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