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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

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.


TSXV:TVI - Post by User

Bullboard Posts
Post by JohnT121on Jan 05, 2011 4:58pm
296 Views
Post# 17929756

LIM loans

LIM loansYou are right in stating Cliff's argument Garth, that without LIM - we would be nothing.  That is a fact that we should be thankful for that TVI managed to get the initial loan that pulled us out of a definite demise.  As Rhonda mentioned, no banks anywhere were offering credit during the financial crisis in the US.  Credit is still really tight for businesses in general, especially for junior miners and I am sure they tried conventional lenders before going back to LIM again for the TGE bailout.
We may be stuck in a range for awhile if we see a pullback in commodities, we are due for a correction at some point. Next leg up could be perfect timing when we get some good news from TVI going forward.  Patience is a virtue, especially with this stock.... lol.
JMHO... JT  
Bullboard Posts