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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 May 17, 2014 11:30am
199 Views
Post# 22572915

RE:RE:RE:RE:RE:RE:RE:Mind Boggling

RE:RE:RE:RE:RE:RE:RE:Mind BogglingGmdmsu, you have made a good point, but if the Canadian MPV closing price of $4.93 is used, and multiply the price by 1.5, you get a price of $7.40! In addition, Aber Resources went from a price of $12 to $31 when the Diavik construction was virtually completed (during 12/2002). This is another 158% increase in Aber's stock price. If we assume that MPV reaches a Canadian price of $7.40 by receipt of permits in 12/2014, we could possibly go up another 158% to a Canadian stock price of $19.10 by end of construction. This is very close to Macloud's stock price of $20 that he just calculated with his very detailed resource and economic evaluation! And keep in mind that this calculation does not include the possible additional diamond resources from deep Tuzo, possible deep 5034 and Hearne, Tesla (just mentioned by Patrick Evans), and large diamonds!
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