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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 Remcoon Sep 14, 2001 10:59pm
786 Views
Post# 4195844

donnymac...

donnymac...Try doing some better homework. Your cpht count is too low. Try reading https://www.kensington-resources.com/ Read the last years worth of NR's. I'm not hear to bash MPV. I hope you guys go all the way. I'm just hear to make shareholders aware of KRT's potential and set the facts straight. First of all, a few months ago Bill Zimmerman joined KRT's board of directors. That speaks volumes itself. Secondly, DeBeers expects a profit of $33 per tonne. Thats why DeBeers is spending millions ($25M rumored to be spent next) and committed to this particular project. You can't argue with 900+ million tonnes of diamondiferous kimberlite. Yes the grade to-date and the future expected grade is low, but that is offset by the very high quality and value of the diamonds found and valued in Antwerp by experts. I personally think DeBeers is tired of working around the Artic(NWT). The costs to mine are huge. That's just my honest opinion of course. The costs to mine in Sask. are estimated to be between $8-$12US and there is already a great infrastucture in place. (roads, highways, airports) Donnymac, please check your facts first before you post. KRT has a great future ahead. Please go through the entire website. AND finally, do you really think DeBeers would have Fort A La Corne in the top of their priority list if the cpht count was only 6. Best of luck to you all!
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