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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

Post by blackbirdon Nov 17, 2021 10:10pm
498 Views
Post# 34139038

longterm investor with TVI

longterm investor with TVII do not pretend to know about the mining buisness.This is just my humble opinion.On paper, "Amount of gold produced minus Expences = Profit " You have to run your own buisness to appreciate its worries.Tvird has bills to pay. TVIRD"S income is not that predictable and niether are thier expences.By this I mean they can't predict how much gold will be there each month, or  what is the cost to replace broken equipment, or "if" they can replace broken equiment in this pandemic.Tvird has to repay its loan,pay for the new mine it bought along with its upkeep and restarting and also  all expected and unexpected  costs in running Balabag.I believe Tvird will pay TVI enough to keep TVI's bills paid.As a buisness owner I hope TVIRD will be responsible and pay off the majority of its expences first. With gold production now happening regularly we can see light at the end of the tunnel where TVI will eventually build up its bank account , just not yet, Patience I guess. All TVIRD has seen up until a month ago is a table piled high with bills. Give him a chance before he pays out the  bonuses. I'm just as impaitient as you. And we all will eventually make money on this one .Lets believe in Cliff.
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