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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 Apr 02, 2014 7:21pm
200 Views
Post# 22403037

Response to comments About News Release!

Response to comments About News Release!Tacobell and rdgeo, get ready for my positive spin and I am not in shock! I worked all day, so I could not give you a quick response! The News Release was very positive because it confirmed the previous numbers from the 2010 Feasibility Study, and it shows we still have a HUGE IRR! We don't need the stock to make a big move right now. I still want to accumulate more stock! The stock will start moving up after permits and start of mine construction (excavation of pipes, etc.). Hopefully, we will get a bounce after deep Tuzo also! Everyone, just stay focused on the greatness of the Canadian diamond rush, and stay positive!
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