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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 rockingroosteron Sep 06, 2019 2:06pm
264 Views
Post# 30103197

Potential for TVI re BALABAG Gold Project......

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.
Bullboard Posts