TVI Pacific Inc V.TVI

Alternate Symbol(s): TVIPF

Metals & Mining Industrial Metals & Minerals

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.

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TVI Pacific Inc > Mindoro Interest in Nickel Project

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Comment by Volpino1on Mar 25, 2022 12:49am

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Post# 34544132

RE:Mindoro Interest in Nickel Project

Sorry, correction to the previous message shown in bold and italics.

With the price of nickel so high, I was wondering about the value of TVI's interest in Mindoro. TVI owns 14.4% of Mindoro and Mindoro owns 100% of Mindoro Nickel which owns 40% of AMVI. Wouldn't that mean that TVI, effectively, holds 5.76% of AMVI through its ownership share in Mindoro in addition to its share in AMVI that it holds through its 30.66% interest in TVI Resources which holds 60% of AMVI? But, as I understand it, TVI's interest in Mindoro is valued at zero.

Can someone explain this to me or explain where I have gone wrong?

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