ronrooster
4 년 전
Welcome to TVI board.
Based on NI 43-101 , Balabag,over 3 years, will generate Net Income after Tax of $ 18.4 M usd,based on $1250 usd gold and $15.00 usd silver.
Since Gold currently sits just under $ 1800 and Silver around $ 27.00,therefore it should be save to assume the projected Revenue of $164,000,000 usd would increase by approx 40% to $ 230,000,000 usd .
The incremental Revenue of $ 66,000,000 would improve the Net Income after Tax by $ 40,000,000 yielding $ 58,000,000 usd.
TVI's 30.66 % ownership would represent $ 18,000,000 usd OR $ 6,000,000 annually, OR $ .009 Net profit per share
P/E ratio of 20 would value TVI at .18 pps usd OR .23 cad
Keep in mind that only the Balabag mine is considered and DOES NOT include TVI's share of other TVIRD Agata nickel profits,future Limestone,Reserve expansion for Balabag and Agata,IGE ownership etc.
Good Luck everyone.