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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 humvon Jun 04, 2004 1:43am
200 Views
Post# 7570970

RE: Gold stocks have apeterson...

RE: Gold stocks have apeterson...Take a good look at the annual. Yes, on the surface it looks good but, read between the lines. Brazil is on its' last three years of production and they are operating at a loss. A .20US per share loss year end with another .03 for Q1. 100,000 cash on hand can be burned up in no time while they are drilling and getting poor results in Brazil. Sure they are more or less debt free but, Turkey and China will need funds for mine and expoloration. Where will it come from? It will come from dilution. I will wait until November if the dust settles before looking at them again.
Bullboard Posts