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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 stocktaon Jun 29, 2005 4:35pm
343 Views
Post# 9225470

News Release

News ReleaseDB probably does not want to tip their hat as to what they are going to do in terms of a buyout or a partnership by giving us the details of the PFS. I was expecting and would expect DB to put conservative language in the NR concerning the results of the PFS. The use of the word "encouraging" when describing results lends me to beleive that the results were very good but DB wanted to put a cap on the enthusiasm leaving them more wiggle room for a possible buyout at a low price. Either way, very good day for MPV shareholders.
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