TVI Pacific Inc (TVIPF)

[ronrooster]

Better to look at TVI's forecast based on Net Profit;BALABAG @ $1900 us Gold =$ 69 M NET PROFIT ,over 3 yrs.
TVI's 30.6% of NP will amount to 7,000,000 us ANNUALLY over 3 year mine life. ( $9.2 M ca )
Based on 697 M o/s will result in .013 ca earnings per share.
P/E of 15 = just under .20 ca share

Above based on ;131010 geo,43-101 at $1250 us =$164 M, based @ $1900 us = $249 M, $85 M us additional revenue
additional revenue subject to 40% fixed costs ie taxes/fees etc = $51 M incremental Net Profit.
Project 43-101 net profit $18.4 M + 51 M incremental = $69.4 M us

TVI's 30.6% of 69.4 M us = $21.2 M us OVER 3 years = $7 M us annually