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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

Bullboard Posts
Comment by Acroporaon Apr 12, 2004 8:52pm
309 Views
Post# 7345586

RE: Long but Jittery

RE: Long but JitteryOreo Tvi has to do a pp to keep things going in China.Money has only been coming in for a year,they havn't had time to make $5m never mind bank that much,if they ever do.I believe most af the money comming in is put back into Canatuan to ramp up production and to pay business expences.When yr.end comes out we will have a better idea where the money is being spent but as it is right now its not enough to pay for all the eggs in the basket.The alternative to a pp would be to sit on China and wait for Canatuan,Rupu Rapu,and Edco to bring in enough money above operating costs to pay for exploration.I for one would prefer not to wait.
Bullboard Posts