TVI Pacific Inc V.TVI

Rough Calculation of what Share price could be

[JimmyVus]

Rough Calculation on what our stock price could be.  I am probably way off.  Feel free to show we where.

Let's assume Balabag and Siana produce 10000 ounces/month of gold together.  The price of gold at $2400/ounce.  The all in cost of the mines $1658/ounce.  P/E ratio of 23 like Philex Mining. 710000000 shares outstanding.

$2400 - $1658 = $742   (Profit after all Costs)

$742 x 10000 ounces = $7420000/month

12 x $7420000 = $89040000/year

TVI's share is 30.33%

0.3033 x $89040000 = $27005832

$27005832 divided by 710000000 shares = $0.038 approximately per TVI share earnings

At a P/E ratio of 23 like Philex Mininng

$0.038 x 23 = $0.874 US

1.35 x $0.874 = $1.18 CDN

This is without even considering Mabilo or other projects.

Am I way off?

[rockingrooster]

Hi Jimmy, nice to see someone realizing what we could have here. 10,000 ounces per month is doable , Balabag 4,000 and Siana 6,000 I would like to see a better P/E than 23 ,not sure what the other Philipino miners are running. Again, even if we hit half of your estimate everyone would be estatic.gltu.

[rockingrooster]

Jimmy,the problem is from our current share price of $ 02 to $1.18 seems like we are on drugs. If we are bit more pessimistic with our forecast ,investors may relate better So, quantity mined at 10,000 geo per month seems realistic. As for the AISC ,we know Balabag and we can assume Siana will be higher due to the higher debt carried,therefore Balabag at $1658 and Siana at $1800, combined will be

[JimmyVus]

I agree on being a little more conservative with my calculations.  I think the the average P/E ratio of Philippine mining companies is 15.5.   With Villar being the second richest person in the Philippines, I think it will be higher when we finally list. Assuming p/e of15.5 from your calculations.  $0.45/12x15.5= $0.58125 This is the price without taking into account the other

[stever50]

Question is why don't we even see 10% of this?