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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

Post by DenvCol1on Feb 28, 2014 9:04pm
289 Views
Post# 22267209

Mountain Province: Here We Go !!!

Mountain Province: Here We Go !!!I have been reading with interest all of the discussions about the Rights Offering. I am no expert in this area, so I found the RO discussions very informative. I don't think there is any chance that some type of financing package for MPV won't get completed in a relatively short period of time. I know some of you were involved with Aber Resources back in the 1990s at the beginning of the Canadian diamond rush. Aber had 40% of Diavik which had a huge diamond resource of 130 million carats before start of production. Gahcho Kue has a diamond resource of 75.1 million carats (probably more), which is 58% of the Diavik resource, which everyone recognizes as the richest diamond deposit in Canada, and ranks as one of the top diamond deposits in the world! 2014 will be the most exciting year for Gahcho Kue (to date) with final permits, financing, and start of construction proceeding as planned by de Beers and Mountain Province. Those of you who have been invested in Mountain Province since the early 1990s will now be richly rewarded!
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