RE:Whay is your 2 year price target for this company Read moIn the recent news article (Oct. 23rd, 2014)it said the the reserves where 9.7 Million WMT and that they wanted to mining up to 2.5 Million WMT per year. That gives a mine life of less then 4 years.
TVI is paid 24.2 % of the total revenue
Made up of 30.66 % ownership in TVIRD and 14.4 % ownership in Mindoro
9.7 Million WMT at the last shipment rate would equal $156,946,000 total U.S. dollars
TVI would get 24.2 % of that or $37,980,932
Note:
They can get a little more if they increase their investment in Mindoro.
I think thats how it goes. I will look in more detail this week end
Johntoc