Competitive Advantage

• TVI is a ‘partner of choice’ in the Philippines
  • Established a reputation for ‘getting things done’ on time and under budget
  • Successfully performed under difficult conditions
  • Operating responsibly – socially and environmentally
• TVIRD team capable of undertaking new, larger, longer-life projects
• Canatuan provides cash flow ‘platform for growth’
• Projects being sought will ideally:
  • Add revenue streams in the near-term
  • Have a prolonged producing life
• Copper, gold, nickel, coal and iron projects being evaluated now

Why Invest in TVI?

We are well positioned for sustainable growth and continued success

• Market capitalization disconnect
  • Trading at 2 x 2010E OCF p/s and 4 x 2010E NI p/s
• Solid Canatuan platform project 
  • Cash flow generator 
  • Extension / expansion potential
• Proven low-cost builder and producer
• Potential near-term and mid-term value creation with additional development projects (near mine and Balabag)
• Value creation potential with multiple, long-term, high-impact exploration opportunities
• Dedicated, proven, well invested management team