Update on TVI

Vacations are over.

Time to get back to business.

First report is about TVI as August should be really interesting for this great profitable company.

I do expect a lot more $$$ invested in drilling and continuing prospection of new areas and it will be affecting net cash results. So i would not expect TVI to pile up cash like hell but invest a lot to increase mine life and into new projects.


About mine life, if i am correct, most of the junior mining companies see their shares climb based ONLY on future prospects and potential and NOT from actual reserves or mine producing as the actuals are already cooked in the share price. (do not mix up with share VALUE). Share price reflects what investors or speculators wants to pay for any given company. In the case of TVI it is by far under evaluated but market is the market and there is not a lot we can do except if every one of us would go out and buy another 50,000 shares...;). And then 1 day it JUMP wihtout notice or apparent reasons.

As for zinc, it is coming. They will need a new take off agreement that i suspect is negoticated at this time and awaiting final lab testing to be confirmed as nobody would want to sign a take off agreement without any prodcut to ship! That would be a mistake and TVI will not do that.

One final note regarding copper. At these prices TVI could earns as much as last year even when the shipments are moved from 4 to 6 weeks. Price is offsetting that. Also, by spreadinng shipments by a 50% decrease in time, it is increasing mine life and having not to pay the extreme $$$ to the infamous loan (that avoided bankruptcy..) they can for the same price increase drilling and exploration.

So future is still very bright ahead and coming months will be interesting. Let's stay positive and imagine the impact on share VALUE from great Balabag results (mountain did not move i am sure. See Lafleur report 43-101 especially page 72 (here is the link)

http://www.tvipacific.com/Theme/TVI/files/doc_financials/Balabag+Resource+Estimate.pdf

adding up some zinc and copper price increase.

It is very hard to imagine that nobody will see the real potential of this great mining company.

Have a good one.

Welcome to CMFO to my top list for 2010

With a market in great expansion and a pe just over 7, i expect a great return from this one in 2010.