BALABAG results analysed

Well, as usual this report did exactly what TVI was saying it would do.

It is defining a 50,000 gold ounces. Enough to start up a mill and slowly increase capacity thereafter (500 tons per day at beginning).

I used the word 'defined' until the final 43-101 is completed we should not use the word 'proven' or 'ressources'  because since the Bre-x scandal these words are reserved to whoever does the final 43-101 and they could face lawsuits if they were to declared the 'defined 50,000 gold ounces' as proven ressources..

Some mentionned that results were low but if you look at 2008 Lafleur 43-101 they are very similar in % and the only places where gold % per ton was lower has been in the extensions of the defined area being less important at this time.

I have seen many comparisons between TVI and some others like Medusa mining. Sure Medusa have greater gold % but do not forget that they are not an open pits mining corp and they are drilling near 400 meters in depth and in comparaison TVI is less than 150 meters. This could cause a major difference in results.

So again the future of TVI is great and Balabag will increase the inner value of this company.

As for the share price: who knows. The only sure thing is for the stock to move a lot higher it will need a lot more than 1/10 of 1% of their shares traded in 1 day. (today 527K shares represents about 0,1% of total shares outstandings)

Those days you almost have to convinced investors and market makers one by one and without a doubt they will achieve that goal. They were in Atlanta and New york today speaking to important investors. TVI only need 1 or 2 that will decide to invest some 100,000$ to get the share price moving in the right direction. How long will it take? Well your guess is as good as mine but because of the fact that TVI is totally undervalued it is still one of my best picks for 2010 and whenever the final 43-101 confirm the ressources i will probably already make TVI one of my best picks for 2011.

PS: take time to visit my friends at:

http://www.mystockbuddy.com/

Here is a link to TVI discussion in the USA and you will see that it is getting more and more coverage.

http://www.mystockbuddy.com/forum/showthread.php?p=88985#post88985

Have a great night

François