MPVIF Mountain Province Mining Message Board

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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: David R Girotto who wrote (961)	6/13/1998 9:00:00 PM
From: Tomato	Read Replies (1) of 2577

Reasonable facts: Dyke dimensions so far: 1000 meters by 2100 meters, and open along strike. 2.47 meters wide. 2.2 cubic meters of kimberlite in a tonne. 1000x2100x2.47x2.2=11.41 million tonnes Assume the 200 tonne bulk sample comes back at $100/tonne, a conservative estimate considering the percentage of coloured stones: 11.41 mil X$100 = $1.1 Billion resource. WSP has 68% or $748 mil/37 mil shares fully diluted, or $20.21/share. Assume market values it at 20% of in situ value, than we have $20.21 x .2= $4.04/share. Assume that there's a pink or blue diamond that's half way decent in the sample, and you're looking at multiples of the above estimate.

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