Check out TVI potential once TVIRD performs IPO...Some IPO speculation, when TVIRD planned to IPO late 2015 the total market cap would have been approx 200 Million usd. At that time only Agata was operational, with plans for Balabag and limestone and nickel processing. NOW,TVIRD has Balabag producing, Acquired fully operational Siana mine and 60% of Mt.Labo.Also commodities were low i.e. Gold was $1200,Silver $18,Nickel $9,000
Based on short term assets, Siana should be going before IPO and Balabag results hopefully improve substantially.IMO the Market Cap of TVIRD has at least doubled and 500 Million usd is achievable. Since the secondary offering will reduce TVI's ownership % by approx 4.5%,the rest of the math is simple.500 M x 26% = 130 Million divided by 697 M fully diluted shares= 0.186 usd per share OR .23 cad per share