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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 d1investoron Nov 17, 2021 1:33pm
140 Views
Post# 34137114

RE:RE:(N)ormal (C)ourse (I)ssuer (Bid)!

RE:RE:(N)ormal (C)ourse (I)ssuer (Bid)! I should have read deeper.  They seem to at this point be getting dividends of just short of $400K CAD after Phillipine taxes.  I would think this is enough to keep the lights on for now,  but not likely enough to buy back shares.  When they get through to the good dirt, and production stays high, it should ramp up.  A couple of times they mention not getting listed publicly in the Phillipines yet, and waiting to see the fallout politically.   

It may be a little bit before this moves, though a running mine is still worth more, IMO, than the stock price has us at.  
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