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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 Jul 03, 2005 7:00pm
318 Views
Post# 9235233

Remember something about last weeks ...

Remember something about last weeks ...selloff, it was also the end of June which meant the end of the quarter. Fund managers wanted to post those unrealized gains to customers accounts so they sold to give themselves some big numbers. July, however, will be much different as fund managers will be scamblin to get in as low as they can get as I am sure a buyout is not too far off. Yes thats right, I think DB will buy out MPV'ers and CFV'ers as to wait any longer will only mean they have to pay more. They already likely know what they have in the ground, so I think they have an offer ready to go.
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