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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 Macloud1on Feb 20, 2014 8:38am
204 Views
Post# 22228964

RE:Will Purcell (sigh )

RE:Will Purcell (sigh )Well I guess according to Debeers we fluked a big stone. According to the annual report I think rather that PE is pointing out we are fluky on a rather consistent basis. 

"Besides the high‐value 25.13 and 9.9 carat diamonds, several other large high‐value diamonds of gem quality have 
been recovered from Gahcho Kué, including 7.0 carat, 6.6 carat and 5.9 carat diamonds from the 5034 kimberlite 
and 8.7 carat, 6.4 carat and 4.9 carat diamonds from the Hearne kimberlite. The presence of larger diamonds is an 
important driver of overall diamond value at Gahcho Kué. "

How many other projects get those kinds of diamonds from "dril core".

I recall back in 2000 I was at a conferrence with Debeers in regards to their "Victor Project". Seeing that I was already invested MPV at the time I took the opportunity over few glasses of wine to probe the president of the Canadian Division and a few of his colleagues about Gachue Kue Project. There response was rich with diamonds.

That was when I made up my mind I was going to be an investor for the duration on this one. And heavily.
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