Post by
Skyman on Apr 29, 2021 7:33pm
Excellent Annual Results
TVIRD had a great year during the pandemic. Revenue was 96 Million, up from 46 Million in 2019, largely because of the huge increase in the price of nickel. Profit increased to 14 M up from 4 M with mining volumes relatively stable. Superb work! Since TVI owns 30% of TVIRD, they reported $4.5 M profit from TVIRD, but they lost 1.7 M on the total writedown of another investment (IGES), and the admin burn rate is 1.5 M. Now all of the other investments have been written off to zero except for TVIRD, which gives an annual profit to TVI of about .007 per share. This is all before the gold mine comes on stream in June, which will be gravy and biscuits. If the price of nickel and gold both hold steady at these high levels, 2021 will be the best year ever for TVI Pacific. It's been a long time coming.
Comment by
rockingrooster on Apr 30, 2021 11:32am
GREAT POST SKYMAN. Dont forget the price of silver holding as well.How long have you held TVI and what is your price per share goal? Thanks and best of luck.