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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 shambanoon Dec 09, 2005 1:26pm
239 Views
Post# 9993756

RE: Analsyt report Haywood

RE: Analsyt report Haywood If say no, you'll say good riddens and if I say yes you'll say no good riddens. Hey I'm long and I want as much of a return as everybody else, problem is that I'm a realist not a dreamer and the investors posting about getting huge returns in a short period of time are dreamers IMHO. I could be totally wrong here and I hope I am because I'll make more money, but after reading J-K’s report it sort of puts things into perspective, DB going vertical, CND diamonds preferred to unknown origin diamonds, so DB is proceeding with Victor even though on the surface it would seem barely economic. I'm not saying GK is barely economic, I think the number are much better than victor but investors expecting returns like Ekati are dreaming and GK is no Ekati, not even close. So in the end, DB will make an offer I just wish I knew the maximum price that the offer will be, so I can make an investment decision to sell once the targets are reached regardless of waiting for an office offer. The 2 key components of an investment or return on investor are total return and length of time to get the investment return. So if I can get a good investment return in the shortest period possible then I may leave a few pennies on the table, but my overall return will much higher than the diehards that will wait 1-2-3 years for DB to make if formal. I have absolute zero chance of DB partnering on MPV on GK.. Good luck and sorry to sound negative even though it's really not negative it's more strategic planning on my part. Good luck
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