Potential for TVI re BALABAG Gold Project......WE have been told that TVI will be releasing an updated 43-101 resource report on the Balabag project in the third quarter which end September ,2019. I will believe this when I see it, however I remain positive. "As of December 2016, TVIRD invested in excess of Php1.5 billion on advancing the Balabag project (located within the Balabag MPSA) while head office costs, management time, maintenance expenditures and necessary Capex to bring the Project on-stream will easily bring investments to approximately Php3.0 billion."
Based on approx. 52.3 pesos per USD,this would tranlate to investment in Balabag for TVIRD of just under $ 29 M USD while TVI 's 30.66 % ownership would represent $ 8.8 M USD or approx $ 11.5 M CAD or aprox .0175 per share.