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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 madmagooon Nov 17, 2002 7:24pm
245 Views
Post# 5590874

RE: held up nice -fear factor

RE: held up nice -fear factorhope you are right cbrit but the accumulation/distribution and other technical indicators are quite weak. seems to be a lid on this one yet CIBC keeps buying both CFV and MPV. if it breaks 1.33 we are back to 1.20 and then 1.03. at this point i find it odd that t.aca can surge to $4.00 on some potential targets and a few marco's. are institutions reluctant to participate due to Debeers reputation? the significant increase in carats and size distribution (which you can bet is still very conservative) is virtually idiot proof, yet no buying. i know the resource sector is not great but this is ridiculous. i think we are in for a bit of a wait. fridays 2 cent trading range was interesting, very tight,which is and interesting indicator in itself. let's hope it spring to life off of this.
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