PHI Group Inc (PHIL)

[Exit6]

Some quick dd on this: The MPSA, MPSA 076-97-IX, is real: https://www.google.com/url?sa=t&source=web&rct=j&url=https://dev.landmatrix.org/media/uploads/r9_map_mar_2021_wCbjmyP.pdf&ved=2ahUKEwjgiZqKlJb2AhX1qXIEHS6qBwc4ChAWegQIBRAB&usg=AOvVaw2a4Lpq1aBokbuBEQb9KsLE


However, it looks like TVI terminated this project 10 years ago over initial findings:
On October 7, 2010, TVI announced that TVIRD had acquired the rights to explore, and possibly acquire, a highly prospective copper-zinc-gold (Cu-Zn-Au) property on the Zamboanga Peninsula, Mindanao Island, Philippines. Two agreements covered a total of 2,000 hectares (4,900 acres) both areas being located within MPSA No. 076-97-IX granted to Siennalynn Gold Mining Corp. ("SGMC").

A reinterpretation of previous exploration data on the property from programs conducted by major international mining companies, together with field work conducted by TVIRD, had identified two types of exploration targets: near-surface showings that could potentially provide material for immediate trucking to the Canatuan mill site; and deeper, potential hydrothermal deposits.

Unfortunately, the copper-gold zones did not produce consistent mineralization that was judged to warrant a resource drill out. The mapped and drill-intercepted zones are narrow, steeply dipping and have erratic metal grades, which cannot be consistently related from drill section to drill section.

Since the results of the exploration program have not identified any close-to-surface or significant copper (or precious metals) ore bodies, the venture agreements with Siennalynn Gold Mining Corporation and YZ Summit Mining Corporation have been terminated and the projects returned to the parties. http://www.tvipacific.com/news/News-Release-Details/2011/TVI-Provides-Siennalynn-and-Near-Mine-Tenement-Update-and-Welcomes-New-Head-of-Exploration1125229/default.aspx

Note that TVI is describing 2000 hectares within a larger 4116 hectare area, so maybe not exactly the same?

But under notes within the 8k, notice "Copper Geological Resource is based on TVI drilling results."
https://ih.advfn.com/stock-market/USOTC/phi-pk-PHIL/stock-news/87363610/current-report-filing-8-k

Who am I to say, I know, but I hope Henry is very confident and convinced that this is legit Gold & copper bearing land before committing financing, and that proper due diligence is being or has been done here...REALLY don't want to see PHIL scammed..