*** GGL Diamond - Kräftige ReboundChance ! *** - 500 Beiträge pro Seite

[printmedien]

Nach Bravo und Blue Pearl ....

Hier lauern doch erhebliche Kurschancen nach dem erheblichen Einbruch in den letzten Tagen ! Hier sollte eine 20 - 30 % Chance lauern !

Kürzel: GG8 WKN: 895496

... ein Musterdepotwert von einem TOP Börsenbrief ! Rechne hier mit News und einem kräftigen Kurssprung nach oben in den nächsten Tagen !

[cbeck]

Sehe ich auch soSupergünstig

[printmedien]

Ohne Grund abgeschlachtet ! Rebound steht an ... Ziel 20 Cent !

[printmedien]

Heute morgen noch bei 0.182 !
Ohne jegliche News runter ... Stopps ausgelöst ... !

[Direkt6]

Der Kurs in Deutschland ist ok,


Schlusskurs Canada 0,21 Dollar ~ 0,15 Euro

[Magnet]

[posting]20.419.142 von printmedien am 28.02.06 11:40:19[/posting]Ohne Grund ist wohl ein Witz, lies dir mal die News vom 14 Februar durch.
Bin leider seit 0,26 dabei, aber das dauert noch eine Weile bis die sich erholen...

[Megapol]

[posting]20.419.505 von Direkt6 am 28.02.06 11:58:03[/posting]So sieht es aus. Fairer Kurs in Deutschland ca. 0,155€. Allerdings ist der Jurs jetzt ca. in der Region, wo er auch vor dem Push war

[grasgrner]

[posting]20.419.318 von printmedien am 28.02.06 11:49:51[/posting] das was du da machst ist glatte irreführung !!!!!

Lest die letzten News ! - dann wisst ihr warum der kurs, mit Grund, eingebrochen ist !!!!

in der tat wird einige zeit dauern, bis da was wieder passiert !!

[printmedien]

Kaufen !

... wir haben nicht den 14. Februar sondern den 28. ! Also erst denken dann schreiben !

[Barbamama]

Könnte jemand so freundlich sein, die News vom 14. Februar hier einzustellen?

Danke!!

[grasgrner]

[posting]20.421.019 von printmedien am 28.02.06 13:12:56[/posting] wer hier denkt oder auch nicht, das weiß man manchmal in der tat nicht so genau.........

wenn du mehr als wir wüßtest, dann würdest du so clever sein, den mund halten, billig kaufen und abwarten auf die entsprechende meldnung !
dann(!) empfehlen und fett absahnen wenn alle hineinrennen!

jetzt sieht es eher nach einem billigen pushversuch aus , nicht mehr und nicht weniger.........

noch eine frage, seit wann beschäftigst du dich mit ggl?

[grasgrner]

[posting]20.421.080 von Barbamama am 28.02.06 13:15:51[/posting]
DOYLE SILL RESULTS INCLUDE GEM QUALITY DIAMONDS












February 14, 2006

PRESS RELEASE

DOYLE SILL RESULTS INCLUDE GEM QUALITY DIAMONDS

Click Here to open up PDF of "Jan. 16, 2006 Doyle Properties and Pipes"

Vancouver, British Columbia - Raymond A. Hrkac, President and CEO of GGL Diamond

Corp. (GGL.TSX Venture) is pleased to report diamond results from the Doyle Kimberlite Sill.

A 45,526.5 kg (45.526 tonnes) sample was taken from the Doyle Kimberlite Sill to evaluate its

diamond potential. The sample was taken from a single surface pit located at the northeastern edge

of the kimberlite at the sub-outcrop of the sill. The Doyle Kimberlite Sill has been traced for a strike

length of two kilometers and down-dip for 820 metres, the kimberlite remains open to extension.

The sample was analysed by Ashton Mining of Canada Inc. at its North Vancouver laboratory

where it underwent standard crushing, washing, dense media separation (DMS) and recovery of

commercial-sized diamonds. Portions of each DMS treatment and diamond recovery procedure

were observed by Howard Coopersmith, P. Geol., diamond consultant and Qualified Person for

GGL Diamond Corp.

The 45.5 tonne kimberlite sample was divided into three subsamples. The following Table was

provided by Ashton’s laboratory and summarizes the DMS diamond results by subsample, expressed

in Tyler Sieve distribution.

DMS
Measured
Number of Diamonds
Total No.
Total
Est. Diamond

Sample
Weight
+0.85-1.18
+1.18-1.7
+1.7-2.36
+2.36-3.35
+3.35-4.75
+4.75-6.7
of Diamonds
Carat Wt.
Content (+1.18)


(kg)
mm
mm
mm
mm
mm
mm
+1.18-6.7 mm
+1.18-6.7 mm
(cpht)













11104
16142.5
6
19
6
0
1
0
26
2.355
14.59

























11105
15740.5
2
14
9
0
1
0
24
2.020
12.83









11106
13643.5
3
20
7
2
0
0
29
1.780
13.05

























TOTAL
45526.5
11
53
22
2
2
0
79
6.155
13.52











* cpht - carats per hundred tonnes

Howard Coopersmith stated that the sample results reported are of high integrity and are believed to

accurately represent the sampled kimberlite from the Doyle Kimberlite Sill. He also reported that

diamond recovery results returned a composite total of approximately 6.2 carats of commercially

sized diamonds from 45.5 tonnes of sample material, for a calculated grade of 0.135 carats per

tonne. Mr. Coopersmith reports that the largest diamonds are a 1.25 carat off-white industrial stone

and a 0.83 carat colourless clean tetrahexahedral crystal of high gem value. The bulk sample from

the Doyle Kimberlite Sill produced a modest grade of diamonds and significant commercial stones

from a small tonnage.

Although the diamonds have not been valued, it is unlikely that the material tested is economic.

However, the presence of gem quality diamonds from one location within the extensive, two

kilometers by approximately one kilometer, sheet of kimberlite would suggest that further evaluation

may be necessary.

This release includes certain statements that may be deemed “forward-looking statements”. All

statements in this release, other than statements of historical facts, that address future reserve or

resource potential, exploration drilling, exploitation activities and events or developments that the

Company expects to occur, are forward-looking statements. Although the Company believes the

expectations expressed in such forward-looking statements are based on reasonable assumptions,

such statements are not guarantees of future performance and actual results or developments may

differ materially from those in the forward-looking statements. Factors that could cause actual

results to differ materially from those in forward looking statements include market prices,

exploitation and exploration successes, and continued availability of capital and financing and

general economic, market or business conditions. Investors are cautioned that any such statements

are not guarantees of future performance and actual results or developments may differ materially

from those projected in the forward-looking statements. The Company does not assume any

obligation to update or revise its forward-looking statements, whether as a result of new

information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this

release.

GGL DIAMOND CORP.

“Raymond A. Hrkac”

Raymond A. Hrkac

President & CEO

For further information, please contact: Jim Glass, Ascenta Capital Partners Inc.

Phone: [phone] Toll Free: 1-866-684-4209 Email: [e-mail]

For more information, please check our web site at www.ggldiamond.com.

[RealRitchieRich]

Der Wert ist momentan allenfalls was zum Zocken, wenn man Hoffnung auf eine technische Gegenreaktion hat. Fundamental hat sich seit der vernichtenden Meldung rein gar nichts getan und die Aktie hat auch in Kanada niemals ein Intraday-Reversal geschafft. Meistens läuft sie leicht rauf und stürzt am Ende regelmäßig wieder auf das Vortagesniveau oder weiter runter. Still ruht der See...

Ist halt zur zeit nur noch ein heisses Teil für Glücksspieler.

[RealRitchieRich]

...und heute hat die Aktie nur einen großen Teil des erheblichen Aufgelds abgebaut. Fair bei 0,154.

[JoJo49]

Antwort auf Beitrag Nr.: 20.422.044 von RealRitchieRich am 28.02.06 14:02:02

Warum so pessemistisch, kann auch ganz schell nach oben gehen denn die Rohstoffhausse wird noch gut zwei Jahre weitergehen.
Brauchen nur positive News und die kommen sicher.
In diesem Sinn allen Anlegern weiterhin viel Erfolg und gute Gedanken
NewsRohstoffmärkte: Kompendium Exploration & Mining – Der Preistrend stimmt!
MIDAS RESEARCH
MIDAS Research22. November 2005
Allen Tagesschwankungen zum Trotz: Die globale Rohstoffhausse geht weiter. Die Gründe liegen auf der Hand. Im Kompendium Exploration & Mining erhalten Sie hier von MIDAS Research Preisprognosen für Gold, Silber, Kupfer und Öl und lernen auf über 100 Seiten 19 Rohstoffaktien im Detail kennen. Viele sind erst seit kurzem an deutschen Börsen notiert.



Erwähnte Unternehmen
Name WKN Kauf Verk. News
Acero-Martin A0DNJ4
Anaconda Gold A0B9BQ
Blackstone Ventures A0F6RK
Blue Pearl Mining A0F577
DRDGOLD A0DNZ1
GGL Diamond 895496
Mustang Minerals 910385
Osisko Exploration 121433
Southern Silver A0B69C
Wallbridge Mining 940769
GGL DIAMOND CORP. REGISTERED SHARES O.N. (895496) Kurs vom 24.04. | 17:39 0,183 EUR
+0,01 | +7,02%
Frankfurt Stuttgart Berlin-Bremen München Xetra NASDAQ Other OTC Bid 0,175
20.000
Ask 0,185
20.000

CA3617031016 | Aktie
n.a. | Kanada

Details
Eröffnung 0,17
Höchstkurs 0,186
Tiefstkurs 0,169
Vortag 0,171
Umsatz (in Stück) 344.210
Umsatz (in EUR) 61.060,99
Preisfeststellungen 15

letzte Umsätze
17:39:05 5.000 0,183
17:03:00 40.000 0,185
16:44:56 7.500 0,186
16:37:52 20.000 0,182
16:29:27 10.000 0,18
15:42:46 50.000 0,18
15:41:46 42.000 0,18
Handelsplätze
Name Kurs Veränderung Datum Umsatz
Frankfurt 0,183 +7,02% 17:39 24.04. 344.210
Stuttgart 0,17 +13,33% 09:14 24.04. 0
Berlin-Bremen 0,168 +1,20% 09:05 24.04. 0
München 0,171 +0,00% 09:01 24.04. 0
Xetra 0,18 +20,00% 13:47 18.04. 5.000
NASDAQ Other OTC 0,245 +44,12% 23:21 13.04. 0

Performance
Zeitraum Veränderung Zeitraum Datum Kurs
1 Woche +32,86% 52W Hoch 06.02.2006 0,40
1 Monat +20,00% 52W Tief 04.10.2005 0,113
1 Jahr n.a. Jahreshoch 06.02.2006 0,40
laufendes Jahr +20,78% Jahrestief 16.01.2006 0,131

[MEISTERGLANZ]

Hallo, was genau macht euch alle so optimistisch was ggl angeht?
Der wert kommt doch nicht ins laufen. Oder sehe ich da was falsch.
Das er unbekannt ist ist doch käse, wenn er um den faktor 10 unterbewertet wäre hätten ihn schon längst leute von barrick oder de beers oder sonst wen aufgekauft?
Wie seht ihr das?

[JoJo49]

Antwort auf Beitrag Nr.: 21.343.112 von MEISTERGLANZ am 27.04.06 11:48:27

Ist wie mit all diesen Werten - erst wenn positive Bewertungen und Storys - News weltweit verbreitet werden wird sich hier was tun.
Ist alledings bei diesem Wert nur eine Frage der Zeit denn der Rohsoffbedarf und damit Preis und Nachfrage steigen weiterhin - also Geduld z.Z. liegen nur allgemeine Empfehlungen vor - wie von:

Allen Tagesschwankungen zum Trotz: Die globale Rohstoffhausse geht weiter. Die Gründe liegen auf der Hand. Im Kompendium Exploration & Mining erhalten Sie hier von MIDAS Research Preisprognosen für Gold, Silber, Kupfer und Öl und lernen auf über 100 Seiten 19 Rohstoffaktien im Detail kennen. Viele sind erst seit kurzem an deutschen Börsen notiert.

Erwähnte Unternehmen Name WKN Kauf Verk. News
Acero-Martin A0DNJ4 Anaconda Gold A0B9BQ
Blackstone Ventures A0F6RK
Blue Pearl Mining A0F577
DRDGOLD A0DNZ1
GGL Diamond 895496 Mustang Minerals 910385
Osisko Exploration 121433
Southern Silver A0B69C
Wallbridge Mining 940769
In diesem Sinn allen Anlegern eine erfolgreiche Woche und gute Gedanken

[RealRitchieRich]

Und wieder "Bad News" für die Aktionäre:
Gratisoptionen für die gesamte Belegschaft mit Ausübungspreis am aktuellen Kurs von 0,26 $. Zudem werden die Ausübungspreise der schon ausgegebenen Optionen auf diesen Preis gesenkt von zuvor 0,50 $. Bedeutet nix anderes als das in Zukunft etliche neue Aktien ausgegeben und auf den Markt drängen werden. An dieser Maßnahme läßt sich leicht erkennen für wie aussichtsreich GGL die eigene Aktie hält.

###

GGL Diamond Corp.: Grant Stock Options and Exercise Price of Stock Options Amended

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2006) -

NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

GGL Diamond Corp. (TSX VENTURE:GGL) (the "Company") announces that on May 12, 2006, the Board of Directors of the Company, based on the recommendations of the Compensation Committee, granted stock options to directors, officers, employees and consultants to purchase a total of 695,000 common shares at $0.26 per share exercisable until May 12, 2011.

The Company also announces that on May 12, 2006, the Board of Directors reduced the exercise price of stock options granted on August 15, 2003 to purchase a total of 50,000 common shares at $0.45 per share, stock options granted on January 19, 2004 to purchase 405,000 common shares at $0.50 per share and stock options granted on June 29, 2004 to purchase a total of 45,000 common shares at $0.50 per share to $0.26 per share because the original exercise price of these options is out-of-the-money and provides no incentive to the optionees.

The grant of the new stock options and the reduction in the exercise price of the foregoing stock options is subject to acceptance for filing by the TSX Venture Exchange.

[JoJo49]

Antwort auf Beitrag Nr.: 21.582.793 von RealRitchieRich am 15.05.06 08:10:57

Hat sich trotz allem doch gut gehalten.... allerdings gibt im Vergleich mit diesem Explorer auch Firmen mit einem besserem Chance-/Risikoverhältnis die z.Z. noch weit unter ihrem Wert gehandelt werden - u.A. auch hier im Thread Thread Thread Thread Thread: Explosive Mischung - Öl, Gas in den USA und Uran im Athabasca Basin besprochen.

Im Moment muss man allerdings etwas Geduld aufbringen, denn z.Z. sind die größten Spekulanten/Banken usw. dabei die Kurse zu drücken, halt auf gut deutsch "Gauner" die mit freundlichem Lächeln die Kleinanleger im großem Stiel abzocken...

Nicht kirre machen lassen und wenn man eine ruhige Hand hat sind das eher Kurse zum einsteigen bzw. nachkaufen...
Allen Anlegern weiterhin viel Erfolg, Gruß JoJo

[hbg55]

int. insider-activitäten in den letzten tagen
zu beobachten - kommen da bald weitere NEWS !?!?!?


Jun 14/06 Jun 12/06 DeMare, Nick 16 - Acquisition under a prospectus exemption Warrants 30,000
Jun 13/06 Jun 12/06 DeMare, Nick 16 - Acquisition under a prospectus exemption Common Shares 60,000 $0.250
Jun 12/06 Jun 12/06 Boden, William John 16 - Acquisition under a prospectus exemption Warrants 100,000 $0.450
Jun 12/06 Jun 12/06 Boden, William John 16 - Acquisition under a prospectus exemption Common Shares 200,000 $0.250

[hbg55]

GGL Diamond Corp.: Diamonds Recovered from the Bishop Kimberlite on the Courageous Property
Wednesday July 26, 2:15 pm ET


VANCOUVER, BRTIISH COLUMBIA--(CCNMatthews - July 26, 2006) - Raymond. A. Hrkac, President and CEO of GGL Diamond Corp. (TSX VENTURE:GGL - News), is pleased to report the recovery of diamonds from the Bishop Kimberlite (Target A085, New Release June 12, 2006). The Bishop kimberlite was discovered during the spring drilling program on the Company's 100% owned Courageous Property located approximately 40 kilometres south of the Ekati Diamond Mine, Northwest Territories.
ADVERTISEMENT


The discovery of a diamondiferous kimberlite in this new area raises the possibility of the presence of a cluster of kimberlites as kimberlites seldom occur alone. In addition to the further exploration of the Bishop kimberlite detailed exploration is planned for the area.

Three angle holes were drilled into the A085 target, which consists of a magnetic high anomaly flanked by an electromagnetic anomaly on the west and a gravity low on the east. Three diamond drill holes were completed, one hole into each of the three geophysical anomalies. Drill hole CH-06-020 was drilled into the magnetic high and encountered a macrocrystic, magmatic (hypabyssal) kimberlite from 98.52m to 100.5m within a six metre zone of alteration, most likely a dyke intrusion. Drill hole CH-06-021 was drilled to test the gravity low and intersected kimberlite between 76.64m and 119.45m, a total of approximately 43m (approximate true width of 38m). In contrast to the intersection in CH-06-020, the kimberlite in CH-06-021 is variable. It comprises an upper interval of approximately 4m of highly weathered, partially disaggregated kimberlite, followed by approximately 4m of magmatic kimberlite, and a lower section of fine- grained, variably-weathered kimberlite. Based on macroscopic examination, this material is interpreted to be volcaniclastic in origin. Only this lower section contained sufficient kimberlite for microdiamond analyses. Drill hole CH-06-022 was drilled to test the EM anomaly, three narrow fine-grained porphyritic intrusions were intersected and require classification by petrographic analysis.

Mineral Services Canada Inc. has been engaged to conduct a petrographic study of the kimberlites encountered and indicator mineral analysis to further evaluate the diamond potential of the kimberlites.

Ten samples of probable volcaniclastic kimberlite from drill hole CH-06-021, weighing a total of 78.2 kilograms, were submitted to Saskatchewan Research Council for diamond recovery by caustic fusion. Six of the ten samples contained one or more microdiamonds for a total recovery of 11 diamonds with the largest diamond recovered on the 0.212 mm bottom sieve, it is a colorless, clear octahedron. The detailed results are shown below.


-----------------------------------------------------------
Interval (m) Bottom Sieve Size (mm)
------------ Weight --------------------- Total
From To (kg) 0.75 0.106 0.212 Diamonds
-----------------------------------------------------------
-----------------------------------------------------------
76.6 80.3 8.5 2 0 0 2
84.5 87.0 8.1 1 1 1 3
87.0 89.6 8.0 2 0 0 2
89.6 92.6 8.1 2 0 0 2
92.6 95.1 8.0 0 0 0 0
95.1 97.8 8.0 0 1 0 1
97.8 100.6 8.0 1 0 0 1
100.6 104.7 8.0 0 0 0 0
104.7 108.2 8.0 0 0 0 0
108.2 110.6 5.5 0 0 0 0
-----------------------------------------------------------
TOTALS 78.2 8 2 1 11
-----------------------------------------------------------
The Courageous Property is part of the extensive CH Project area exploration and claim acquisition program that started in the winter of 2000. To date the Company has incurred approximately $6 million to CH-area exploration consisting primarily of sampling, geophysical surveys and data interpretation, all with the objective of identifying kimberlite targets. Three kimberlites; Rainer, Adams and Shasta, located 20km north of the Bishop kimberlite were discovered in 2001 as part of this exploration campaign.

The CH claim groups, 100%-owned by the Company, include, MacKay, Courageous, G Claims, Seahorse, Shoe, Starfish, Zip, Winter Lake North and Winter Lake South, totaling over 300,000 acres. Each of the claim groups contains kimberlite indicator minerals from the diamond stability field. Drill targets have been defined and new areas need additional detailed sampling and/or ground geophysical surveys.

This program is operated by GGL, under the supervision of Chris Hrkac in Yellowknife and Torrie Chartier, M.Sc., P.Geo., a consultant to GGL and a qualified person as defined by National Instrument 43-101.

GGL DIAMOND CORP.

Raymond A. Hrkac, President & CEO




........nach dieser meldung gehts in CAN bei
riesen- umsätzen UPPP.......akt. cad 0,245

[hbg55]

Antwort auf Beitrag Nr.: 23.072.219 von hbg55 am 26.07.06 21:37:53

.......reichte nach regem handel
noch zu nem SK von cad 0,23


dies sollte auch morgigen start bei
uns in D stimulieren !!!!

[hbg55]

........na wer sagts denn...mit schönen
paket- ordern gehts gleich zur eröffnung
schon einmal auf € 0,14 !!!!!!!


dies aber immer noch ERHEBLICH unter pari


fragt sich, wie lange noch

[michael_bill]

Wenn man sich hier die Stimmung anschaut,dann kann das kein gutes Zeichen sein.
bill.

[chartattrappe]

hab ich gefunden.
hier: http://custom.stockwatch.com/swnet/newsit/newsit_newsit.aspx…

habe auch gelesen, dass es evtl. einen Merger geben soll zwischen GGL und MPV - ob es stimmt? Und was würde es bedeuten?

TEXT:
Mountain Province dusts off old plays


2006-08-02 14:44 ET - Street Wire

by Will Purcell

Some of its shareholders are thinking takeover, but Mountain Province Diamonds Inc. plans to be in the diamond business indefinitely, according to the company's new president, Patrick Evans. The company has a minority share in the Gahcho Kue project, and making a mine out of its three key kimberlites will be its focus for the next few years. Mountain Province has a prospective exploration play on its books, but it no longer has any exploration expertise and Mr. Evans has no plans to return the company to its exploration roots. Nevertheless, he has a few ideas that could get a drill turning on the old project.

Kelvin and Faraday

The Gahcho Kue pipes lie on the southeastern fringe of the original Kennady Lake claim block, which was about 50 kilometres long and 30 kilometres wide. The majority partner on the project, De Beers Canada Inc., explored the property and turned up several mineral trains and a few kimberlites, mainly on the eastern half of the old play. The effort failed to produce any big finds and the diamond giant gradually dropped nearly all the original ground.

Rival explorers jumped to claim the abandoned territory and one of the old kimberlite bodies. GGL Diamond Corp. picked up leases that contained the MZ dike system, which briefly proved promotable several years ago. De Beers also dropped the ground about 10 kilometres northeast of Gahcho Kue that containing a series of smaller dikes and blows, including the Kelvin and Faraday bodies. Mountain Province promptly scooped up that property before it fell into rival hands. That suggested the company was about to launch its own exploration program independent of De Beers, but it let the Kelvin and Faraday dikes sit idle since then.

Small samples from each of the bodies suggest they have grades comparable with the Gahcho Kue pipes, but their small size made them of little interest to De Beers. That could change, once a Gahcho Kue mine winds down, but that could take at least 20 years. Kelvin and Faraday offer little tangible value to Mountain Province as a result and that is unlikely to change unless more kimberlite turns up.

"We have dusted off the files on Kelvin and Faraday," said Mr. Evans, adding that Mountain Province was exploring ways to create some value there. "There are some options we have, not too many, but some," he stated. Without any exploration capacity remaining within Mountain Province, the company's options seem slim, but Mr. Evans thinks he can interest one of his rivals in the project. He said GGL Diamond was very active in the area and the company had experienced explorers and a drill rig operating in the area. "It may make sense to talk to our neighbours and see if they can perhaps do further exploration on the leases."

Ray Hrkac's GGL seems a good candidate, as the company has worked the area immediately south of Gahcho Kue for more than a decade. The company discovered the Doyle Lake sill at the southern end of a trend line that begins at Kelvin and Faraday and runs through the Gahcho Kue pipes. The diamond counts from Doyle Lake were mixed, but GGL pressed ahead with a mini-bulk test of the sill, coming up with a modest grade. Mr. Hrkac is not likely to quit easily, and the company seems poised to press on in the area. As a result, Mr. Evans might find some attentive ears at GGL Diamond if he decides to shop Kelvin and Faraday to the company.

GGL is not the only possibility. The Kelvin and Faraday leases are just west of the border of the old Kelsey property, which Randy Turner's Diamondex Resources Ltd. picked up several years ago. Diamondex completed enough work on Kelsey to earn a two-thirds interest, but the effort failed to deliver any kimberlite finds. That is disappointing, as it suggests the lucrative cluster of kimberlites conforms nicely to the artificial property lines of the Gahcho Kue property.

The area surrounding Faraday and Kelvin could easily intrigue an exploration junior. De Beers drilled into the Faraday dike in 1999, and a 184-kilogram batch of kimberlite yielded diamond counts comparable with the best of the Gahcho Kue pipes. In 2000, the Kelvin discovery yielded more promise, with a particularly coarse size distribution.

Further drilling yielded more kimberlite hits that expanded the strike length of Kelvin and Faraday and turned up a few more bodies. The diamond counts continued to impress, but De Beers lost interest because of the size of the kimberlites, not the size of the diamonds.

Dr. Jan Vandersande, Mountain Province's former president, picked up the leases from De Beers. At the time, he believed Kelvin and Faraday could hold something between one million and three million tonnes of kimberlite. Further, he had reasonable expectations that further exploration would produce some new and potentially more substantial bodies, based on geophysics and geochemical work.

Even three million tonnes of kimberlite could prove worthwhile if the rock matches what the Gahcho Kue partners found at AK-5034. A grade of 1.67 carats per tonne and a diamond value approaching $100 (U.S.) per carat would translate to a gross rock value of nearly $500-million (U.S.). That would be hard to walk away from, once mining is complete at the main Gahcho Kue pipes. That potential value and the possibility of new finds could well interest one of Mountain Province's rivals.

New plans for Mountain Province

A surprise bid by Stornoway Diamond Corp. for Ashton Mining of Canada Inc. prompted new speculation about possible bids for Mountain Province. Ashton's minority shareholders had little say in the matter, after Rio Tinto PLC agreed to sell its 51.6-per-cent interest in the company to Stornoway. Mountain Province also has a large shareholder in Dermot Desmond's Bottin International Investments Ltd. and Bottin's plans for its shares would have a powerful impact on the future of Mountain Province.

"I frankly can not understand why Bottin would want to sell at our current price level," said Mr. Evans, citing the trading record of Aber Diamond Corp. as its share of the Diavik diamond mine moved from prefeasibility to production. Aber's shares cycled from a low of less than $7 in late 1998, to a high of $52.50 early in 3004. The market conditions were markedly different from what prevails today, but Aber's shares did faithfully follow the traditional exploration cycle.

If he is right, Mountain Province would likely be alive and kicking five years from now. Although Mr. Evans can not predict what his largest shareholders will do with their Mountain Province shares, he said he would personally like to hang on to his small shareholding in the company for the next 20 to 30 years, "simply because I do not think I could find another similarly defensive investment opportunity in the diamond sector."

Mountain Province would theoretically be a mined-out shell 30 years from now, if all goes according to plan. The Gahcho Kue project remains on track to hit full production by 2012, and the partners expect a mine life of about 20 years, based on 30 million tonnes of kimberlite and a mining rate of two million tonnes per year.

Mr. Evans is hopeful the mine will have a longer life. Big parts of Tuzo remain underexplored and Mountain Province's president said he was reasonably optimistic there is more to the pipe than currently delineated. "I think there it is a reasonable assumption there will be more to mine beyond 20 years." As well, Kelvin, Faraday and any new finds could help expand the life of the mine for a few years.

If Mountain Province plans to carry on beyond the life of Gahcho Kue, Mr. Evans will need a new focus for the longer term. The former head of SouthernEra Diamonds Inc. said it was too soon to say if Mountain Province would remain a single asset company or embark on a new strategy, but a quick move back to exploration seems unlikely. "I have not seen anything that we could do that would improve the underlying value for our shareholders."

Meanwhile, Gahcho Kue will remain top priority for the company. De Beers is doing all the work and Mountain Province is carried to production, although it will have to pay back its share of exploration and construction costs once the mine is running. Nevertheless, the public company faces added challenges that the diamond giant does not. Mountain Province must show its shareholders what the value of the asset is and show that it can support the capital cost. Further, it must demonstrate what the likely revenues will be, once it repays its share of the costs. That should keep Mr. Evans busy for a year or two, adding to the likelihood that Mountain Province will try to find a partner on Kelvin and Faraday.

Mountain Province added nine cents to $4.09 on Tuesday, trading 37,000 shares.