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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 minedog2on Oct 26, 2005 10:46am
351 Views
Post# 9768636

demand

demandGood morning Lots of rumors floating about I’ve been chatting with guys on site and keep hearing all kinds of stuff .Unfortunately I think it’s a bit premature .I guarantee DeBeers wont make an offer till closer to feasibility study completion don’t get me wrong I’m glad to see the stock show interest .I still cant believe its below 5 bucks. Now as for the buy out my impression of the tig was they wanted to be partners in a mine that’s why I’ve had shares for 10 years not because I am going to settle for 10 to 15 bucks .time may have changed their stand .But the world situation Is now in our favor .I am sure DeBeers would love to buy us out doesn’t mean we have to sell does its I read the post about the chaps from snap lake, a sore spot by me windspear went way to cheap dd once told me he could have dragged that one out for ten years you figure out what he meant. .It also made me miss the giant sand trap in Yellowknife {midnight sun golf tournament best in country. Back to our friends from snap some bias leaning towards DeBeers I think. DeBeers might have called shots for the last 100 years but South African government and my fellow bhp partners are taking care of that. Take my humble advice hold on if an offer comes send a clear message to DeBeers .I’m hoping for one more like abz
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