Kaiser says Mountain Province results give play a boost
Mountain Province Diamonds Inc MPV
Mon 11 Jun 2001
In the News
John Kaiser, writing in a June 7 Bottom-Fish Tracker, says Mountain
Province Diamonds, then $1.23, has posted initial results from the MZ Lake
drill program that confirm the existence of a substantial, shallow-dipping
dike system consisting of at least one sheet with an economic thickness and
possibly several parallel sheets above and below the main one. Mr. Kaiser
recommended the stock in December, 1999, at $1.75; an earlier buy tip was
in February, 1997, at $4.31. The letter writer says investors have every
right to continue speculating about the potential for a diamond-rich dike
system similar to Winspear Resources' 20-million-tonne-plus Snap Lake
system. The June 5 announcement did not, however, give the market what it
wanted, which is that there is a huge "cone sheet" present, as was
predicted for Snap Lake. De Beers is likely to fast-track microdiamond
analysis in order to get results by early July so that it can plan a summer
program. An optimistic Mr. Kaiser says that the Kennady Lake story is on
track to being a much bigger winner than initially expected. Drilling to
date has left open the possibility that the MZ Lake area hosts 10 million
to 20 million tonnes of kimberlite. |
