Tivan Ltd V.TVN

Primary Symbol: TNGZF

Metals & Mining Industrial Metals & Minerals

Tivan Limited is a critical minerals company primarily focused on the development of vanadiferous titanomagnetite (VTM) projects in Australia. The Company's projects include Speewah, Mount Peake, Sandover, Kulgera and Moonlight. The Company owns two large vanadiferous titanomagnetite deposits, the Speewah Vanadium-Titanium-Iron Project located 110 kilometers (km) southwest of Kununurra in Western Australia, and the Mount Peake Vanadium-Titanium-Iron Project located 230 km north of Alice Springs in the Northern Territory, Australia. The Sandover Project covers an area of over 8,000 square kilometers (km2) and is considered prospective to host lithium-bearing pegmatites, and also sediment-hosted copper and iron oxide copper-gold deposits. The Kulgera Project cover an area of around 1,231 km2. The Moonlight Project has two exploration licenses. The Company's projects also include Cawse Extended and Kintore East. It has developed a mineral processing technology - TIVAN+.

OTCPK:TNGZF - Post by User

Tivan Ltd > Only 2 million dollars ish

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Comment by apainteron Apr 03, 2015 3:20pm

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RE:RE:RE:RE:Only 2 million dollars ish

As per the companys MDA

The average royalty payment per million invested (a non-IFRS measure, refer to Definition of Non-IFRS Measures for definition) for the month of December 2014 was $247,118.

This would be a return of about 24% on the capital invested. Seems unreal to me. Does it mean that some of the investment would likely be written off as bad debt as the 1M written off last year

Also does anyone know of a comparable company in the same space to have a comparision

I would love to hear people's opinion.
apainter

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