That's great news, and a much anticipated bull market on commodities is expected for the next 5-10 years. Using the new projected price of Copper for 2011 pushes the shipments TVI Pacific has been making to receive aprx $10MM for each shipment. They've been very consistent with shipments every six weeks, so with 8 shipments a year, this gives them $80MM for 2011 from just their Copper shipments from Canatuan alone! Remember, the deal to purchase their Copper is in place for the duration of the mine life at Canatuan, so as prices rise they (TVI) reap the rewards. So if these prices do indeed average the $5.1/lb as BAC suggests...then we're looking at just 2011 EOY earnings on their Copper to be .166 EPS alone! That's with a ZERO P/E! And I fully expect the zinc circuit to be operational come 2011 as well as Balabag coming to fruition. There is a strong bright future in store for TVI Pacific, and a story that will be told.
Respectfully,
Joseph-
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