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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

Metals & Mining Industrial Metals & Minerals
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

TVI Pacific Inc
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Comment by Bludstanon Oct 28, 2019 6:02pm
128 Views
Post# 30278613

RE:RE:RE:RE:RE:Balabag project 2020 net profit after taxes $ 7,385,000...

RE:RE:RE:RE:RE:Balabag project 2020 net profit after taxes $ 7,385,000...Perhaps they were talking Philipine pesos.No matter how you look at it,aFULLY PERMITTED and FUNDED GOLD/SILVER mining project that conservatively is projected to generate$18,385,000 AFTER TAX over 3 years.TVI's share would be $ 5,635,000. See page 180 of NI 43-101.

- still, after Canuatan, it's a bit undewhelming. Don't get me wrong, I'm happy with the news.. I was expecting more than a 3 year min for 5 mil profit. 

- from the Balabag page on TVIRD website.. 210,000 at 1250$ US oz conservative estimate at the current price of gold, that's closer to 262 million.. and we get 33% of the net of that. We just missing off a rounding zero, or where's the mistake in my calculation? 
Resources 2.50 M metric ton with average grade of 1.7 g/t Au, 47.8 g/t Ag and 2.8 g/t AuEq at a cut-off grade of 0.4 g/t AuEq equivalent to 210,000 oz AuEq

 

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