TVI Pacific Inc (TVIPF)

[ChuckD-MSB]

Global Metals and Mining

The Bank of America Merrill Lynch Commodities Team raised their
copper price estimates to $5.10/lb in 2011 and $5.44/lb in 2012, ~40%
above consensus (Metals Strategist, November 11, 2010) They expect the
red metal scarcity premium to the marginal cost of production to increase
due to: recurring structural supply constraints, BRIC economies continued
FAI, QE2 in the US (i.e. structurally weak USD) and the potential for
physically backed base metal ETFs.