TVI Pacific TVI (TSE) Message Board

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Gold/Mining/Energy : TVI Pacific TVI (TSE)

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To: Eric Freeman who wrote (20)	5/11/1997 8:45:00 PM
From: Lalit Jain	of 152

Eric, I do believe TVI is a good buy. I use to own this company. I bought it at $0.85 and sold it at $2.36. It is now trading at below $0.60. While I think that TVI is a buy at current prices, I would caution people with a price target of $2.75. Remember, TVI has 90-100 million shares outstanding. At $2.75, the market capitalization is $275M. TVI does not own 100% of the properties. Newmont owns 60% of TVI's interest in the properties going into production. TVI properties contain low grade mineralization (Cu + Au). While I think TVI is a good buy at current prices, I think a target price of $2.75 may be on the high side. Regards, Lalit Jain

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