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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 SCORPION17on May 12, 2005 3:56pm
249 Views
Post# 9027012

RE: Rushed? They Stole it!

RE: Rushed? They Stole it!Despite all DB's claims that Snap was barely economic and was over payed for they proceeded to mine development which suggests that it is more economic than we are lead to believe. Remember they could have stated as they did with GK that they require more kimberlite and kept exploring but did not. They will be underground mining a 2.5 metre dyke. We will eventually know Snap's true value based on the royalties DB's will be paying the NWT government. Compare the costs/revenues for Snap vs. GK and also take into consideration Kelvin/Farraday (similar to Snap)and tell me why anyone thinks this will not proceed to the permitting stage and soon. The projects are staggered in such a way that Snap and Victor will be producing as construction for GK will be getting underway.
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