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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

Comment by rockingroosteron May 27, 2021 11:10am
440 Views
Post# 33275497

RE:RE:RE:Pre commissioning tonnes per day

RE:RE:RE:Pre commissioning tonnes per day3 Year Net Income After Tax based on NI 43-101,table 22-2 ,gold 1250 us & silver 15 us = $18,385,000 ( Revenue $164 Million)
Based on GEO of 131,000 ounces.
GOLD @ $1,900 us = Revenue of $249 million =  $ 85 Million Additional Revenue.
Since the majority of costs are fixed and would not increase, ie mining, admin, etc,approx 60 % of additional revenue ( $51 Million) would flow to Net Income.
Total Net Income would be $ 69.4 Million over 3 years.Tvi's 30.66% would be over $ 21Million or $ $ 7 Million annually.
Based on fully diluted o/s of 697 Million shares = Net Profit .01 per share, P/E of 20 would yield share price of .20 pps.
Note;All of TVI's management/admin costs would be covered from  dividends recieved from the  Agata operation
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