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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 madmagooon Nov 03, 2002 7:54pm
327 Views
Post# 5555219

south MZ lake?

south MZ lake?the 2001 annual reports several indicator mineral trains south of the lake whose sources have not yet been discovered. debeers planned GPR technique this winter (last winter). they suspect similar sill/dyke as to the MZ complex. this work was not done? why doesn't this susprise me. they will do what ever it takes to steal this property at fire sale prices. are institutions leary of debeers past history, secrecy and the black box modeling. or could it be that debeers deliberately ommits 9.9 carat diamonds from late year's valuation modeling. with the current population of diamonds 7, 6, 4 carats etc. it was statistically invalid to ommit the "big whopper." its is like someone carrying out research and culling out data collected they didn't like to suit their hypothesis. scientists would get their weiners whacked if they got caught culling data. treating the 9 carat diamond as an outlyer is statistically invalid considering the sampled population. i could see them treating a 100 carat diamond in such a manner but not a 9 carat diamond. i have a feeling the desk top will produce a marginal value thanks to the mysterious black box. we will not see 10 dollars a share from debeers. but they will take it off our hands for 2-3 dollars. i truly hope i am wrong and will gladly take the heat if i am off track. This property is truly awesome. will shares reflect the true potential if bought out, i do not thinks so. too bad the partners weren't rio tinto or bhp we would be mining now. it only took these guys 5-7 years from initial discovery to mining diamonds.
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