Monday, March 29, 2010 4:16:56 PM
TVI Pacific DD
TVI Pacific Inc. (Public, TSE:TVI)
TVI Pacific Inc. FGN (Public, PINK:TVIPF)
http://www.google.com/finance?q=tvi
http://www.tvipacific.com/
TVI Pacific Year End Results Reinforce Solid Financial and Operational Performance
Key Financial Achievements for the Years Ended December 31, 2009 and 2008
- Increase in net revenue to $67,103,108 from $5,972,764
- Increase in operating cash flow to $21,661,992 from a deficit of $13,506,114
- Increase in net income to $18,322,345 from a net loss of $12,714,279
- 2009 production cash cost of $0.61 per copper equivalent pound
Description:
TVI Pacific Inc. is a mining company focused on the acquisition, exploration and development of polymetallic mineral deposits in the Philippines. The Company owns a 40% interest in TVI Resource Development Phils, Inc. (TVIRD). At the Canatuan Mine, TVIRD’s principal asset in the Philippines, it has initiated production activities. It is evaluating further exploration activities and bootstrap development scenarios at the Balabag gold project. In addition, TVIRD holds a diverse portfolio of properties and land positions in the Philippines, known as the North Zamboanga tenements. During the year ended December 31, 2008, production at Canatuan Mine averaged 1,971 tons per day (tpd) and a total of 6,079 gold equivalent ounces. The Company owns a contract drilling business, which, as at December 31, 2008, was being marketed for sale. In March 2008, TVI disposed of its Chinese exploration and drilling operations through the sale of its subsidiary, Tiamut International Limited
Quick Facts:
- Outstanding shares: 478,950,000
- Market cap: $62,260,000 <-- Revenue from 2009 alone was $67 million!! This is hugely undervalued with $80 million in revenue expected for 2010.
- Avg. volume: 791,000
- 52 week range: 0.03 – 0.13
At a Quick Glance:
Due to its location in the Philippines, TVI Pacific has gone relatively unnoticed by many investors. After announcing impressive year-end results (http://tinyurl.com/yhv4rcb) on March 25, 2010, TVI gained 8.33% on 10x average volume.
They have completed 13 shipments (Cu, Au, Ag) since March 2009 with an average weight of 5,000 dry metric tons. The Company was able to benefit from the incremental incline of metal prices throughout 2009. Future shipments of approximately 5,000 dmt are anticipated to occur approximately every six weeks. Also anticipated is an increase in the grade of copper content for each metric tonne of concentrate shipped as to reduce shipping and freight costs.
As of January 19, 2010, TVI has reduced its five year debt facility from US $30.1 million to $16.2 million in less than one year. IR representative, Rhonda, states “…we are aggressively servicing debt this Q1; whereas, we haven’t been as aggressive in the past quarters. If metal prices keep up the way they are, we could be done with the loan before the end of Q2 with internal cash.”
TVI has an extremely informative website and a very responsive IR department, including a Facebook page (http://tinyurl.com/ygzyu8t) in which Rhonda quickly responds to investors’ questions.
Upcoming Events:
Asia Mining Congress 2010
March 22 - 26
http://www.terrapinn.com/2010/asiamining/
Mines & Money Hong Kong
March 29 - 31
http://minesandmoney.mining-events.com/asia/
New York Hard Assets Investment Conference
May 10 - 11
http://www.hardassetsny.com/Pages/default.aspx
TVI Pacific Annual & Special Meeting of Shareholders
May 27 at 3:00 PM MST
Mines and Money Beijing
June 8 - 9
http://www.minesandmoney.com/beijing/
TVI Pacific Inc. (Public, TSE:TVI)
TVI Pacific Inc. FGN (Public, PINK:TVIPF)
http://www.google.com/finance?q=tvi
http://www.tvipacific.com/
TVI Pacific Year End Results Reinforce Solid Financial and Operational Performance
Key Financial Achievements for the Years Ended December 31, 2009 and 2008
- Increase in net revenue to $67,103,108 from $5,972,764
- Increase in operating cash flow to $21,661,992 from a deficit of $13,506,114
- Increase in net income to $18,322,345 from a net loss of $12,714,279
- 2009 production cash cost of $0.61 per copper equivalent pound
Description:
TVI Pacific Inc. is a mining company focused on the acquisition, exploration and development of polymetallic mineral deposits in the Philippines. The Company owns a 40% interest in TVI Resource Development Phils, Inc. (TVIRD). At the Canatuan Mine, TVIRD’s principal asset in the Philippines, it has initiated production activities. It is evaluating further exploration activities and bootstrap development scenarios at the Balabag gold project. In addition, TVIRD holds a diverse portfolio of properties and land positions in the Philippines, known as the North Zamboanga tenements. During the year ended December 31, 2008, production at Canatuan Mine averaged 1,971 tons per day (tpd) and a total of 6,079 gold equivalent ounces. The Company owns a contract drilling business, which, as at December 31, 2008, was being marketed for sale. In March 2008, TVI disposed of its Chinese exploration and drilling operations through the sale of its subsidiary, Tiamut International Limited
Quick Facts:
- Outstanding shares: 478,950,000
- Market cap: $62,260,000 <-- Revenue from 2009 alone was $67 million!! This is hugely undervalued with $80 million in revenue expected for 2010.
- Avg. volume: 791,000
- 52 week range: 0.03 – 0.13
At a Quick Glance:
Due to its location in the Philippines, TVI Pacific has gone relatively unnoticed by many investors. After announcing impressive year-end results (http://tinyurl.com/yhv4rcb) on March 25, 2010, TVI gained 8.33% on 10x average volume.
They have completed 13 shipments (Cu, Au, Ag) since March 2009 with an average weight of 5,000 dry metric tons. The Company was able to benefit from the incremental incline of metal prices throughout 2009. Future shipments of approximately 5,000 dmt are anticipated to occur approximately every six weeks. Also anticipated is an increase in the grade of copper content for each metric tonne of concentrate shipped as to reduce shipping and freight costs.
As of January 19, 2010, TVI has reduced its five year debt facility from US $30.1 million to $16.2 million in less than one year. IR representative, Rhonda, states “…we are aggressively servicing debt this Q1; whereas, we haven’t been as aggressive in the past quarters. If metal prices keep up the way they are, we could be done with the loan before the end of Q2 with internal cash.”
TVI has an extremely informative website and a very responsive IR department, including a Facebook page (http://tinyurl.com/ygzyu8t) in which Rhonda quickly responds to investors’ questions.
Upcoming Events:
Asia Mining Congress 2010
March 22 - 26
http://www.terrapinn.com/2010/asiamining/
Mines & Money Hong Kong
March 29 - 31
http://minesandmoney.mining-events.com/asia/
New York Hard Assets Investment Conference
May 10 - 11
http://www.hardassetsny.com/Pages/default.aspx
TVI Pacific Annual & Special Meeting of Shareholders
May 27 at 3:00 PM MST
Mines and Money Beijing
June 8 - 9
http://www.minesandmoney.com/beijing/
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