TVI Pacific Inc. V.TVI

Some fun calculations re Test Ore re commissioning....

[rockingrooster]

63,000 tons @ 1.19 g/t Gold    = 2,640 ounces  x 1900 usd  =$5,016,000
                  @ 37.73 g/t Silver = 83,680 ounces x 28.00 usd =   $2,343,000
Total $ 7,359,000
At 2,000 tons a day = approx 1 month to process.Not too bad.
Mining operations are proceeding and there are now approximately 63,000 tonnes of ore on the ROM ore stockpile, in-pit stockpile, and crushed ore stockpile as at the date of this MD&A. Much of the ore is low to marginal grade which was mined to expose the higher-grade mineralized resource during waste stripping and bench forming and is being used as test ore for commissioning the plant. The stockpiles have an average grade of 1.19 g/t gold and 37.73 g/t silver.

[CountOfMeltedCrisco]

Imagine when they start working the "good stuff";  some people are gonna need fresh batteries in their pacemaker(s). 

[Bloojay1111]

Some more fun calculations 210000 au equivalent x 1900$ = 399$ million 210000 au equivalent x 2000$ = 420$ million 210000 au equivalent x 2500$ = 525$ million Approx Scenarios from phase 4 & 5 drilling once they increase au equivalent  220000 au equivalent x 1900$ = 418$ million 230000 au equivalent x 1900$ = 437$ million 250000 au equivalent x 1900$ = 475$ million 

[willywonka]

Do not forget that TVI % is very small. The major money goes to BIG BROTHER

[willywonka]

I believe tvi portion is 30.6%. Correct me if I am wrong. GL

[rockingrooster]

WW, what is up with you? It is actually 30.66% as Stated in every TVI PR News Release for the last 6 years.I am quite surprised by your about turn.From super fan to perhaps someone trying to pick up more shares on the cheap ? 

[Bloojay1111]

Currently Based on TVI’s 30.66 ownership. Based on phase 3 drilling, 210000 au equivalent x 1900$ = 399$ million  399$ million x .3066 = 122,333,400$ TVI will also have to this into account.  TVI portion (30.66%) of the long term loan 26$ million to the Chinese bank Tax - not sure what their tax bracket is Day to day costs. Rooster said these costs will be covered

[willywonka]

The good news is that they are increasing their tailings pond. This is a big investment and would mean that they are very optimistic in mining much more gold than previously stated. GL

[willywonka]

If and When they list on the PSE, we will see this stock explode. 

[stever50]

Has anyone heard any more about listing on the PSE.  What's the hold up?

[rockingrooster]

Hey Stever, IMO for what it is worth, TVI/TVIRD have a fair amount of Housekeeping to complete prior to any PSE listing 1) They will have to demonstrate successful mining at Balabag- Results for the 3 rd quarter, ending September,2021, should be reported mid November,2021.This is assuming Balabag will be fully operational by July1,2021 2) updated NI 43-101 for Balabag and Agata need to be

[Bloojay1111]

For what it’s worth this is from a news release in 2016   https://www.newswire.ca/news-releases/tvis-3066-owned-tvird-to-demonstrate-full-compliance-in-response-to-denrs-audit-findings-on-agata-postpones-pse-listing-595072691.html Postponement of PSE Listing Due to the uncertain environment in which the Philippine mining industry has operated since the nationwide audit of metallic mines

[Bloojay1111]

Reading between the lines, listing on the PSE will be on hold until the (unstable) Duterte regime is out of government.  Cheers Bloojay

[CountOfMeltedCrisco]

Well, that was from 2016, here it is 2021 five years later, more or less, and Dut The Toot is still in power so I'm not sure any interpretation of that document from 2016 is still relevant.  He's lasted longer than most Tinhorns In Funny Hats. 

[Bloojay1111]

Everything you wanted to know about TVI and the PSE but were afraid to ask. When you see how many shares TVIRD has outstanding and offered you might think twice about a PSE listing https://tvird.com.ph/wp-content/uploads/TVIRD-Registration-Statement-Prospectus-and-FS-16-Dec-2015.pdf If you have an hour or two have a look :) Cheers Bloojay

[d1investor]

what's a couple billion shares here or there?

[stever50]

Supposed to read that. Lol