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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
Comment by JohnT121on Jan 27, 2011 11:21pm
458 Views
Post# 18038567

RE: Next Question

RE: Next QuestionI have been in TVI since late 2001 - early 2002, sounds like you got in the last real bounce at the start of 2004 and in the midst of the China deal mania if you were in @ .32.  Your ID looks familiar from back then, I followed this board closely back then too.  Some of the real regulars then were Houndtrader, Kiwi and Hardlook was the hardcore TVIian and very informative.  He reminded me of a cross between Francois & Micheal here now.  TVI looked real promising back then, previous pre 2000 highs were over $1.50 and it looked like it could easily surpass those highs.  But we all know what happened there and even with an amazing recent turn around, they are still struggling to get back market confidence.  The current s/p says it all.

As you say, here we sit ... not much higher than ten years ago before all the excitement in 2004.  Precious metals now reaching record highs and plenty of news from TVI - but still "on the horizon".  I agree that the only real way to bring real current shareholder confidence and generate new investor interest back to TVI, is a substantial share buy back.  While mine life extension is critical for continued life in the stock and has to be their main focus now, TVI also needs to re-establish investor confidence.  What better way to show the market the company itself has complete confidence in its future? 

The way I see it, this is TVI's last kick at the can.  If they fail here, they will have lost all credibility and doubt would ever recover again.  There are just too many other great plays out there to invest in now and this commodity bull won't last forever.  

JMO ... JT
Bullboard Posts