Value Microcaps Junior Miners

[jwbstock]

TVI Pacific (TVI.TO/TVIPF.PK) gives update

I know that TVI is not much followed on this board anymore, but I still have a speculative position in this one (2% of my portfolio). They provided a somewhat cheery update today on their progress in a number of areas:

-- Canatuan - good progress with the Zinc Circuit commissioning
-- Siennalynn - exploration drill program proceeding
-- Balabag - scoping study on track, resource definition drilling continues

For details see: http://finance.yahoo.com/news/TVI-Pacific-Provides-iw-3278280245.html?x=0&.v=1

If copper prices stays high (as many predict), and if they can realize these extra sources of income (added zinc circuit, more base mineral resources, and a future gold mine), then I believe that TVI is attractively undervalued. Of course, management has disappointed a few times over the last year, and so it probably pays to maintain a healthy skepticism. But I'm encouraged enough by today's PR to maintain my position.

JWB