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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 SunCasperon Dec 03, 2003 7:35am
333 Views
Post# 6731670

UBS is the key

UBS is the keyAND we have to find it. I believe that we all agree that DB cannot be trusted and it seems plausible that they are behind the UBS purchases. It does seem clear that they are trying (and for now) are making the market. It should not be hard to figure out how high they are willing to pay and at what level they will sacrifice some shares to keep a lid on the PP. The more shares that we buy and HOLD the less they will get. There is also a point where they will not want to release too many shares. Our challenge is to figure this out and act accordingly. This mine will happen faster than we think as demand will spark the need to fast track. SC
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