Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

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

Mountain Province Diamonds Inc

Bullboard Posts

Post by SunCasperon Jul 30, 2003 10:54pm

262 Views

Post# 6287862

Rocket, I agree with you

I haven't trusted DB for years and never will I saw their move in the Spring as a way to lower the value of MPV so that they could take them out low. I fully expected an offer. Really surprised at this news as this raises the value again but there was no offer. Like you said there are probably reasons that the move backfired. So, we are back where we are - or will be - $1.75 next week if not sooner. SC

Bullboard Posts

Sony’s Alpha 1 II: A new professional photography standard?