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TVI Pacific Inc. is a copper producer focused on the development, exploration and acquisition of precious and base metal mining projects in the Philippines. TVI is working extension/expansion opportunities in proximity to the Canatuan Mine, developing the Balabag gold property and exploring at the Tamarok copper-gold prospect. The TVI Pacific Inc. web site is at www.tvipacific.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading
More Information Links:
TVI Official Discussion Forum. |
Blog -- TVI Pacific Fair Market Valuation.
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2010-08-19.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2010-09-02 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$1.71 |
| Average Ore Value per Tonne | US$164.43 |
| Metal Value Leverage (MVL) | 21.24 |
| Market Capitalization as a Percentage of Metal Value | 4.7% |
| Recent Closing Stock Price | C$0.085 [note 1] |
| Fully Diluted Share Count | 610.58 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 52% |
| Percentage In Situ Measured + Indicated Resource | 22% |
| Percentage In Situ Inferred Resource | 26% |
| Metric | Value on 2010-09-02 |
|---|---|
| Gold Reserves + Resources | 364.73 K oz |
| Average Gold Ore Grade | 1.8 g/t |
| Market Capitalization per oz of Gold In Situ | US$135.07 ( C$142.29 ) |
| Gold Equivalent Ounces Estimate | 836.29 K oz |
| Market Capitalization per oz of Gold Equivalent | US$58.91 ( C$62.06 ) |
| Metric | Value on 2010-09-02 |
|---|---|
| Silver Reserves + Resources | 10.71 M oz |
| Average Silver Ore Grade | 52.4 g/t |
| Market Capitalization per oz of Silver In Situ | US$4.60 ( C$4.84 ) |
| Silver Equivalent Ounces Estimate | 53.15 M oz |
| Market Capitalization per oz of Silver Equivalent | US$0.93 ( C$0.98 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.949244 US$
Note 2: Fully diluted share count is taken from the Interim Consoldiated Financial Statements for the Six Months Ended June 30, 2010 and 2009.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | Copper | Zinc | ||
|---|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 364.73 K oz | 10.71 M oz | 40.96 K t | 31.86 K t | ||
| Metal Prices in US$ (from 2010-09-02) | $1,251.30 per oz | $19.69 per oz | $3.46130 per lb | $0.94810 per lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $0.75 | $0.35 | $0.51 | $0.11 | ||
| Percentage of Total Metal Value | 43.61% | 20.16% | 29.87% | 6.36% | ||
| Metal Value Percentage Proven + Probable | 20% | 33% | 100% | 100% | ||
| Metal Value Percentage Measured + Indicated | 35% | 35% | 0% | 0% | ||
| Metal Value Percentage Inferred | 45% | 32% | 0% | 0% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Gold | Silver | Copper | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|
| Canatuan | Zamboanga del Norte, Philippines | $0.88 ( 51.6% ) | 73.16 K oz | 3.52 M oz | 40.96 K t | 31.86 K t | 100% | 0 | 0 |
| Balabag | Island of Mindanao, Philippines | $0.83 ( 48.4% ) | 291.58 K oz | 7.19 M oz | 0 | 46% | 54% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
TVI expects to release preliminary assay results from a 30 hole drill program, that was completed on June 17, 2010, by the end of August 2010, with a full technical report from GeoSystems International Inc. to be released late September 2010. Social and environmental initiatives and a new phase of drilling continue at Balabag. [Source: Company Web Site, viewed August 2010]
Latest NI43-101 Report: SCOPING STUDY
OF THE
BALABAG PROJECT
Project # AV107250
2008-07-08 (212 pages).
Updates: See Reserves and Resources web page (viewed November 2009).
Project Location: Island of Mindanao, Philippines in the editMiningRegionName mining region. View the Balabag gold deposit on a Google Map.
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.26 | 127.73 K oz | 2.900 g/t | 1.37 M t |
| Silver | $0.12 | 3.71 M oz | 84.300 g/t | 1.37 M t |
Estimate notes: See Reserves and Resources web page (viewed November 2009).
0.5 g/t cut off
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.34 | 163.84 K oz | 2.600 g/t | 1.96 M t |
| Silver | $0.11 | 3.48 M oz | 55.200 g/t | 1.96 M t |
Estimate notes: See indicated notes.
The Canatuan Mine is a polymetallic mine located in the province of Zamboanga del Norte on the island of Mindanao in the Philippines. The Canatuan Mine initially produced gold and silver doré from gossan ore, the oxidized cap of a volcanogenic massive sulphide deposit. The gossan ore was mined using open-pit methods and processed through conventional carbon-in-leach and Merrill Crowe circuits. The underlying primary sulphide portion of the deposit, hosting copper and zinc, was largely exposed during the mining of the gossan deposit. [Source: company]
Latest NI43-101 Report: 43-101 Technical Report for the Sulphide Resources at the Canatuan Project of TVI Pacific Inc.
2008-04 (145 pages).
Updates: See Reserves and Resources web page (viewed November 2009).
Project Location: Zamboanga del Norte, Philippines. View the Canatuan project on a Google Map.
Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.15 | 73.16 K oz | 0.750 g/t | 3.03 M t |
| Silver | $0.11 | 3.52 M oz | 36.090 g/t | 3.03 M t |
| Copper | $0.51 | 40.96 K t | 13,500.000 g/t | 3.03 M t |
| Zinc | $0.11 | 31.86 K t | 10,500.000 g/t | 3.03 M t |
Estimate notes: See Reserves and Resources web page (viewed November 2009).
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