Will copper and zinc prices stay strong?
I recieved this from Ian:
TVI Copper Inc. was incorporated in October 1992 and would later change its name to TVI Pacific Inc. in July 1994. Contrary to some of the misinformation being spread, the Company has a number of robust assets that will be intrinsic to future growth. The financing agreement grants TVI the capacity to complete the construction of the sulphide plant at the Canatuan mine site. The first year's free cash flow from this project is anticipated to be in the vicinity of $50 million. We also have our advanced exploration at the Balabag property, where we have an initial resource estimate of 500,000 gold equivalent ounces. The Balabag deposit currently remains open at depth and along strike, and looks to be our next mine based on the work that has been conducted to date. We also retain 16 drilling rigs from our drilling organisation for use on our own exploration projects or for contract drilling. A cost benefit analysis is also being carried out to determine if further value can be extracted from the sale of the remaining rigs. In addition, TVI controls an extensive land package over 1,676 km2 in the mineral endowed Philippines.
Thanks for that info Ian.
What can we do now? I think I am going to wait it out and reap the rewards later,
Maybe buy a few more shares at these bargain prices....
Do your own DD though; the olderwiser guy or woman tries to put every bit of negativity into his/her long drawn out remarks- I do manage to skip through most of his/her defensive justification.
Lets go TVI - Next year we'll be flying....>>>>>>>>
R.