Tertiary Minerals Share Discussion Threads

[atlanticbridge] 07/4/2014 15:31

I'd try and drink another bottle of red from my shoe, whilst doing the moonwalk on a bar table.

[plasticdazza] 07/4/2014 15:23

I don't think we will see a JV with the JORC, however if we did could you imagine the carnage.....

[atlanticbridge] 07/4/2014 15:07

Good JORC + J/V would defo do it.
Massive JORC just falls short!

[atlanticbridge] 07/4/2014 14:21

Metex - thanks again for the thread.

TYM - please beat that 2003 drop goal.

[plasticdazza] 07/4/2014 13:35

Good afternoon metex, hope you are well.


Could everyone look out for either a 400 buy or sell going forwards and if they spot one post it on here, thanks.

[metex] 07/4/2014 11:59

With the maiden JORC resource estimate for the MB Project....fast approaching....here is the present state of play....regarding TYM`s three fluorspar project assets.


Storuman Project - Sweden.


JORC Indicated & Inferred Mineral Resource - 28 million tonnes grading 10.2% Fluorspar (CaF(2)) - 31st March 2011.

- 90% of the Mineral Resource is in the "Indicated" category and delineated to a sufficiently high level of confidence to support detailed mine planning.


Lassedalen Project - Norway.


JORC Inferred Mineral Resource - 4 million tonnes grading 25% Fluorite (CaF(2)) containing 1 million tonnes of Fluorite - 18th January 2012.


The MB Project - USA.


Tonnage-Grade Estimate - RNS 12th Feb 2013.

Tonnage-grade range estimated at 85-105 million tonnes grading 9-11% fluorspar (CaF(2) ) at 8% CaF(2) cut-off.

(Exploration Target is part of a larger mineralised system estimated at 395-615 million tonnes grading 5-7% fluorspar at 2% CaF(2) cut-off).


*All TYM`s three fluorspar projects....have yet to be closed off resourcewise....therefore offer potential....for further increases in the overall resource base....down the line.


The much awaited maiden MB Project JORC resource estimate....(to be released anytime soon)....has been stated to be "target specific"....see RNS dated 11th September 2013:


1. Define, on the south side of the (1) known fluorspar deposit, a (2) JORC compliant Mineral Resource of sufficient size to support planning of a mine-starter pit for up to the first ten years of production.


Therefore any high investor expectations....that the whole of the MB Project resource will be JORCed....should be tempered IMHO....as interpretation of the announced figure....should be put into the context....of that originally defined by the TYM management.

But any "confirmation" of a JORC estimate at the MB Project....(even if only related to a part of the overall resource)....will finally put the MB Project....on the world "fluorspar" resource map....(especially as it is located in Nevada USA....one of the most mining friendly areas in the world).

Investor comparisons....of the MB Project to other fluorspar resources around the world....(including fluorite grading levels)....should be made in the context of the type of "mining operations" prevailing at each individual site....as it is TYM`s objective....to take it`s two main projects forward....at Storuman and the MB Project....by the low cost "open-pit mining" route.

So....is TYM really in possession of a "world class" fluorspar resource....at the MB Project....as PC has been quietly proclaiming?

Well!....TYM investors are soon to find out....DYOR.

[a.fewbob] 04/4/2014 21:49

Thanks Metex.

Nice to see the stock price holding on to its recent gains.

[metex] 04/4/2014 12:25

In the meantime....over at Prima Fluorspar in Canada....they are still subject to a proposed reverse takeover....by Firebird Management LLC....(which it appears....has yet to be finalised)....a proposed move that involves bringing "several" fluorspar assets under one umbrella:



The re-shuffling in the world Fluorspar market goes on....so official confirmation....via the pending maiden JORC resource estimate....that the MB Project USA....is a major fluorspar deposit of considerable proportion....(even by Canada Fluorspar and Prima Fluorspar standards)....could put TYM`s fluorspar assets on the world fluorspar map....and seriously into play.

Just a little more patience perhaps....DYOR.

[metex] 04/4/2014 10:36

Note....Canada Fluorspar/Arkema relationship question....posed in Post 1619....answered in the proactiveinvestors article:

Canada Fluorspar has 41 known mineralized veins on its fluorspar assets in St. Lawrence, two of which – Blue Beach and Tarefare - have been drilled and vended into a partnership with French chemical giant Arkema, while drill rigs started working at the Director Vein last January, later moving onto the AGS vein, formerly known as Grebes Nest.

[metex] 04/4/2014 09:05

Details of Canadian Fluorspar deal:

[metex] 04/4/2014 08:43

Only a snippet....but more re-shuffling of assets in fluorspar market:



If anyone has access to full article....details of how it will affect Canadian Fluorspar`s relationship with Arkema....the fluorochemical major....would be appreciated.

China's manufacturing returns to positive expansion

[metex] 04/4/2014 08:30

Missed this:



More exposure....DYOR.

[plasticdazza] 29/3/2014 12:50

New imho...

[metex] 26/3/2014 22:03

MB Project Nevada.

Eureka County....basic transport links outlined:



And....as plasticdazza points out....regarding rail services:

The Union Pacific Railroad tracks pass through Eureka County near the Humboldt River and Beowawe, where freight service is available. The nearest Amtrak passenger service is available in Elko.

The Union Pacific Railroad....serves the western seaboard....and the Great Lakes....to the east:

[plasticdazza] 26/3/2014 13:16

Hi guys, some great posts over the last couple of weeks, just a couple of points to add really...

The railway to the north of our site would allow for easy transport into the American industrial heartlands.

Regarding JORC and my reading of our drilling program, I'm only human and may not of understood it, the new drill holes where only to confirm the historic data from the site, I understand the area the JORC covers is only limited but if this shows at only around 3 million tonnes I'll eat my pants(after a long run in the sun following a hot and sticky night in July).

Enjoy the next two or three weeks all, whatever happens this is and has been a tread that people can be honest on, not a lot of them about.

[atlanticbridge] 21/3/2014 12:29

Thanks both. Testament to how big MB has become that we have to keep being reminded about the other "jewel in the crown".

[metex] 21/3/2014 12:10

Alimac100....you`re welcome....and likewise....thanks for your USA input....it`s appreciated.

[alimac100] 21/3/2014 10:30

Thanks, Metex. Interesting insight & thoughts re the Scandiwegian possibilities.

[alex hawk] 20/3/2014 21:46

Looks some consolidation between 10-12p especially if tax sellers emerge, MM's might bring this down to fill orders before letting this go when it finally breaks 12p.

Question is do we get to 15p or do we finally break and hit the blue sky potential and dream of 20p+

[metex] 20/3/2014 11:00

Alimac100...."we can but dream"....but then again....you might be on the right track.

Made a similar observation....when researching....as to where the Storuman project....could be bound.

One of the conclusions drawn....was that it could be destined to go to a mining related company....in Europe.

From that research....(which can always be expanded upon)....came up with the following:


While although TYM`s percentage grading of fluorspar....in it`s projects....is on the lower end of industry norms*....TYM`s advantages....come with location in mining friendly and democratic countries....the Storuman project....is in a designated Area of National Interest in Sweden....with respect to fluorspar...."low cost" open pit concepts for both Storuman and MB Project...while Nevada has been a traditional producer of fluorspar throughout the previous century....and historic data has shown acidgrade fluospar was produced on the MB prospect in metallugical tests....and TYM has already confirmed acidgrade fluorspar can be produced at Storuman.

(*Note - New Vietnamese Project has lower grades than both TYM`s projects).

Most of the "high bar" technical issues....have been addressed....and the maiden JORC for the MB Project on the horizon now....should finally confirm....(if even only from a portion of the overall deposit)....that it is of considerable size....and therefore worthy of serious consideration.

TYM`s main exposure going forward....is over supply in the fluorspar market....over the next few years....should the world economic outlook not improve....but the lure of "secure supply"....(especially with the recent reminder....from events on the "doorstep" of Europe)....in the large acidgrade fluorspar consuming markets....both of Europe and the US....backed by long term supply reserve sources....should play an important part in the establishment of working relationships....with the fluorochemical giants....over the short to medium term.

There has been a considerable amount of "shuffling" going on in the fluorspar market....since TYM identified "fluorspar" as a target....but believe the opportunity of bringing the Storuman and the MB Projects to production....is seriously viable.

The list of named major western acidspar consumers....on Page 5/24 of the recent AGM Presentation....was enlightening:

DuPont, Honeywell, Solvay, Lanxess, Boliden, Fluorsid, DDF.



So for those fluorochemical giants....requiring to secure fluorspar supplies....close to source....either through partnership....or full ownership of assets....TYM`s fluorspar projects....have to represent realistic new opportunities....to nail down...."safe and substantial resource banks"....in both Europe and the USA.

TYM is still on...."the long and winding road"....and it will be bumpy....but the work that has been done....especially under the radar at Storuman....read Presentation Page 13/24 again....especially the milestones reached in 2013....particulary the first one....and then look at the list of companies....at the bottom of that page....who have been quietly beavering away on behalf of TYM.



Proposed output at MB Project in the USA....has not been announced so far....only indication....has been that of starter pit life of 10 years....so difficult to assess....whether outputs will be significant....but at Storuman in Sweden....with a proposed output of around 103,000 tonnes of acidgrade fluorspar per annum....investors might speculate as to where the production might be destined.

In terms of location....the aluminium fluoride producer Boliden....in Norway looks to be one of the favourites.

This article....regarding Aluminium Fluoride....although slightly dated....makes quite interesting reading IMHO....with even a mention of Rio Tinto Alcan...as outlined by Alimac100.



See Boliden Odda:



Boliden's production of Aluminium fluoride and synthetic anhydrite

Aluminium fluoride and synthetic anhydrite (gypsum) is produced at the Noralf plant at Boliden Odda. The main product is aluminium fluoride (AlF3), which is produced through a process where the raw materials are sulphuric acid (H2SO4), calcium fluoride (CaF2) and aluminium hydrate (Al(OH)2). The annual production of aluminium fluoride is 40.000 tonnes and of synthetic anhydrite 95.000 tonne....and in terms of usage of fluorspar....their 40,000 tonnes output....equates to around 60,000 tonnes of acid grade fluorspar per annum....as around 1.5 tonnes of fluorspar is required....for the production of 1.0 tonne of aluminium fluoride.

A visit to Boliden`s website:



will reveal their extensive mining and smelter operations....(note "mining"....hence Alimac100`s comments could have some credence)....some of it....it should be noted....relatively close to the Storuman project in Sweden....while their aluminium fluoride plant....at Odda....a significant acidgrade fluorspar consumer....is not too far from Lassedalen in Norway.

Though in no way a "slam dunk"....based on a couple of essential industry criteria for profitable aluminium fluoride producers....i.e. cheap energy source....(hydro-electric power....Norway)....and availability of low cost raw materials....particularly fluorspar....Boliden must be in the frame....to either partner TYM....or buy out any new operation at Storuman....as of a couple of years ago....they were supposed to be relying on Morocco....and South Africa....for supplies.

Any thoughts/hopes of Storuman supplying the INEOS fluorochemical plant at Grangemouth in Cheshire....disappeared in 2010....as those assets were acquired by the large Mexichem Fluor....and as a consequence....the Glebe Mines fluorspar operation in Derbyshire....previously supplying INEOS....was closed....with Mexichem Fluor supplying their own fluorspar to the UK....from their massive fluorspar operations in Mexico.

As a consequence of that....the Glebe mine assets in Derbyshire were subsequently bought out of receivership....by British Fluorspar....a new company owned by the Minmet Financing Company SA....primarliy to supply their (Minmet`s) fluorchemical operarations....in Italy....under the Fluorsid banner....yet another example of vertical integration.

Whether the old Glebe Mines operation....at around maximum 50,000/60,000 tonnes per annum....has sufficient mine life left....to satisfy Fluorsid`s requirements is not clear to outsiders....but they could be potentially be in the frame....for Storuman output too!

With Solvay....having picked up fluorspar operations....sometime ago in Namibia....and more recently....in Bulgaria....a tie up with them....on the surface looks less likely....their actions being more evidence....of vertical integration within the fluorochemical industry.

In Germany....where the overall import requirement....stands roughly around 300,000 tonnes per annun for acidgrade fluorspar....the Clara operations in the Black Forest reportedly produce around 50,000 tonnes per annum....and a subsidiary of the German fluorochemical producer Fluorchemie....is looking to open a 50,000 tonne per annum operation this year....through reopening a mine in the Thuringian Forest....with further talk of plans for a 25,000 tonnes per annum operation....near Pforzheim....but collectively the output levels still fall short of those overall 300,000 tonnes requirements....within the German market.

The Fluorchemie model....is also an example of vertical integration....and they may be interested in further secure supply....via Storuman....going forward.

The Lanxess chemical group in Germany....also have requirement for acidgrade fluorspar....but have not been able to identify their requirements....but the company formerly Bayer....has been sourcing fluorspar for decades from South Africa....from the Vergenoeg Mining Company....which as of 2009....has Minersa....the Spanish fluorspar producer....as principal owner.

As to whether they have tie ups with other fluorspar suppliers....not clear....although Mongolia appears as a past supplier to Germany....and the new supply from Vietnam....supposely Europe bound....as of yet....has no announced specific destination.

Honeywell has operations in Germany too!....(alongside it`s operations in the US and Canada)....but was unable to tie down their acidgrade fluorspar supply chain....in all their markets....so whether they would like to secure supply in both major markets....remains to be seen.

DDF in Spain....was also mentioned....in the AGM Presentation....as another fluorochemical company....but that mostly revolves around a vertical integration operation....utilising most of the supply....from the Spanish fluorspar supplier Minersa....from within Spain.

So the proposed new operation at Storuman....represents an ideal opportunity for those present....acidgrade consumers in Europe....without a specific fluorspar "secured" resource....or a company looking to extend their own fluorspar resource base....to step in....at an appropriate stage.

Storuman comes with a projected mine life....of at least the 18 yrs....with possibility of more defined resource there....and extended mine life....plus there is the possibility to tag on another 6 years....at the same production rate....from Lassedalen in Norway....(plus the possibility of extending mine life there too!)

While in the USA....there is still no significant "indigenous" producer of acidgrade fluorspar....with Mexico over the last few years....overtaking China....as the leading supplier to the acidgrade fluorspar market there.....roughly estimated at 500,000 tonnes per annum.

As yet to be defined....it will therefore be interesting....to see what proposed output TYM intend to run with....at the MB Project....assuming a solid maiden JORC resource statement....as a serious "indigenous" US supplier....would certainly....for US fluorochemical producers...."keep" their major Mexican and Chinese fluorspar suppliers "honest"....regarding prices....going forward.

With the first real signs of "green shoots"....appearing in the world economy...."secure" fluorspar supply concerns....still exist overall....which have in several cases....being eliminated by vertical integration/direct ownership of fluorspar assets routes....while the "economics"....of local low cost supply source....with substantial reserves....whether in Europe or the USA....still apply.

So it is along.....those veritable...."long and winding roads"....that TYM is seemingly edging....slowly but surely....towards it`s objective....of having two medium sized fluorspar projects in production....(or even intervening "takeover/s of their fluorspar assets)....in two of the world`s major....acidgrade fluorspar consuming markets.

Alimac100....your comments therefore....re US potential destination for the MB Project....and a potential tie up with a mining company connection...."may not be a dream....so wide of the mark".

And any such outcome....would inevitably have to be filed....under "vertical integration".

Is TYM finally heading....for that much anticipated re-rating?

Time will out!....all IMHO and DYOR.


*Opinions given on this thread are just that, 'opinions' and should not be taken as investment advice. All opinions are given as such. Always do your own research and or consult a fully qualified financial advisor before making investment decisions.

[alimac100] 19/3/2014 17:41

While idly waiting imminent developments, just some musings re possible ways forward for TYM to exploit MB opportunity. JVs have been widely discussed so............

i) US is totally dependent on fluorspar imports. It is a strategic mineral.
ii) Biggest US users are Alcan, Alcoa, Honeywell, Du Pont, Dow, BASF & 3M.
iii) The last 4 have no background in mining. Honeywell neither nowadays & it has had bad previous experience (esp with fluorspar in S Africa).
iv) That leaves Alcoa & Alcan.
v) Alcoa mines bauxite, but in Australia.
vi) So we're left with Alcan who:-
- are Rio Tinto Alcan!
- massive fluorspar users;
- huge mining expertise;
- already mine minerals (borates) just down the road in California with a 3m tonne open-pit operation plus processing facilities. All to high ISO standards plus meeting CA's environment agenda.

Loose change investment for them from their coffee pot monies but just imagine the skills, clout & expertise they could bring to the TYM party.

We can but dream...........???

[metex] 19/3/2014 12:56

TYM holdings in SRES....Sunrise Resources: