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TVI Pacific Inc TVIPF


Primary Symbol: V.TVI

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 Bloojay1111on Jun 19, 2024 5:59pm
298 Views
Post# 36096834

Last update from Balabag

Last update from Balabag

With TVI trading at 1 penny our Market Cap is now 7 million dollars. Based on the last update from Balabag revenue for the first quarter was over 30 million US 

"While assay results continue to be confirmed for the five (5) shipments completed in May 2024, the fifteen (15) shipments completed for the four (4) months ended April 30, 2024, have generated gross revenue of US $32.6 million with an average Au price of US $2,113.14 and Ag price of US $24.32 and have contained:"

With gold trading over 2300$ US and silver around  30$ US TVIRD June's numbers should be outstanding. 

I'm afraid we're going to be trading below .02 cents until we get some positive news from the Siana mine.  

Another thing to take into consideration is the short position on TVI. We've had some history with naked shorts  

just my opinion

Cheers 
Bloojay

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