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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 Skymanon Jun 12, 2023 11:33am
234 Views
Post# 35491583

RE:RE:RE:RE:RE:Few points from last fins...

RE:RE:RE:RE:RE:Few points from last fins...I think there are still issues with solvency. The company pays 1.5 mil in salaries every year with zero earned revenue. Unpaid back pay is now 2 mil as per annual report. The only money they get is token dividends from TVIRD, so they are always cash starved. Now they are selling shares to make ends meet. 53.6 mil @ 2.5 cents and 18 mil @ 1.5 cents. Steady dilution.
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