Post by
rockingrooster on Nov 04, 2024 1:09pm
Just an exercise to confirm holding my position in TVI.....
Looking at TVIRD's mining projects solely based on the total value of minerals in the ground for Balabag,Siana and Mabilo.
I am using a mid value of $100 usd per gold ounce in the ground.
Balabag 100% , total 331,000 ounces Minus gold mined to end of November 2024 of 136,000 = 195,000 remaing = $19,500,000 in the ground.
Siana 100% , total 720,000 ounces Minus estimated gold mined to end of Nov/24 of 40,000 =680,000 remaing = $ 68,000,000 in the ground.
Mabilo 60 % , 1,970,000 GEO x 60% = 1,182,000 geo in the ground = $ 118,000,000
TOTAL VALUE of 3 Projects $ 205,500,000 x TVI's 30.6 % = $ 62,880,000 DIVIDED by 750,500,000 outstanding shares = $ .083 per share.
SUMMARY; I am good.glta