RE:MindoroThanks Blackbird. I appreciate the reponse. As to your correction, I did say "30.66% interest in TVI Resources" which is TVIRD (actually TVI Resources Development) but I take responsiblity for the confusion as I shouldn't have switched how I referred to the companies midstream. Also, I discovered another error in what I said in that Mindoro only has a 15% interest in AMVI (not 40% as I said earlier) which is not expressed on the company ownership chart in the annual report but can be found elsewhere in the text of the 2020 annual report. So in the final paragraph is, I believe, the correct (Including Blackbird's suggested change) description of the situation.
Also, I wasn't clear what I was really trying to get at when I said Mindoro is "valued at zero." (As another poster has suggested, it appears that, for tax purposes Mindoro is valued at zero because it has so many losses. But my intended point was that we don't get any current revenues through Mindoro. I verified this by calculating TVI's share of dividends for 2020 and it only shows dividends received from TVID at 30.66% of the total dividends received by TVI. So when AMVI generates revenues, why doesn't Mindoro get 15% of those revenues of which TVI should get 14.4% (of 15%) or 2.16% in total of AMVI net revenues.
Stated otherwise: TVI owns 14.4% of Mindoro and Mindoro owns 100% of Mindoro Nickel which owns 15% of AMVI. Wouldn't that mean that TVI, effectively, holds 2.16% of AMVI through its ownership share in Mindoro in addition to its share in AMVI that it holds through its 30.66% interest in TVIRD which holds 60% of AMVI? Does this mean that Mindoro Nickel or Mindoro get revenues but don't issue any dividends to shareholders? If so, what is being done with the funds by Mindoro Nickel or Mindoro. There is nothing in the most recent Annual Report as far as I can tell. It would be nice to know if there is some current value in TVI's 14.4% interest in Mindoro.