Tertiary Minerals Share Discussion Threads

[metex] 10/4/2014 10:02

GOLDMAN....no need for apologies....expected that had happened....thanks for your other comments.

The timing of the maiden MB Project JORC estimate.

A reminder of what was stated in the RNS dated 10th March 2014:

"The contract has been awarded to execute the maiden (1) JORC compliant Mineral Resource Estimate to Wardell Armstrong International Limited with completion expected at the end Q1/start of Q2 2014."

That RNS also said:

"We are now in a position to complete the maiden JORC compliant Mineral Resource Estimate and have awarded the contract for this work."

The line...."now in a position to complete"....may suggest that the JORC....was in fact already being worked on....as reported by another poster.

So....news can`t be that far away.

Fortunately....for the benefit of at least one poster here....they didn`t say "imminent"....DYOR.

[goldman] 09/4/2014 21:00

Hi Metex, apologies for posting the article regarding TRP on hear, that was completely unintentional, I hadn't realized until tonight that I'd put it on the wrong board by mistake.

We shouldn't have long to wait now for the MB Project JORC. Hopefully it will up to expectations and will move us another step nearer to becoming a producer of CaF(2)and should give TYM a good toe hold in the world fluorspar market.

While I'm here I'll take the opportunity to thank you for all the time effort you put in to keeping us up to speed with all things regarding TYM.

Regards Goldman

[plasticdazza] 09/4/2014 15:46

If my flight into Luton doesn't suffer any problems....I fly into the UK that afternoon.

[metex] 09/4/2014 15:21

plasticdazza....great!

Unfortunately....will be out of the UK at that time....therefore hope you will be kind enough....if you deem fit....to report back to the thread....it would be appreciated.

[plasticdazza] 09/4/2014 15:07

Already booked...you?

[metex] 09/4/2014 14:56

plasticdazza....exactly!

That`s why have been labouring the point....that if only the Southern Area is included in the JORC....this should be given due investor consideration....(in light of perhaps that "limitation")....and JORC size expectations....tempered appropriately....and interpreted within that context....DYOR.

A reminder.

Mineral Exploration Movers & Shakers - A Beaufort Investor Evening

Beaufort Securities
Wednesday, 30 April 2014 from 17:30 to 21:00 (BST)
City of London, United Kingdom

[plasticdazza] 09/4/2014 14:36

My total tells you my understanding of the RNS....the grey area has made all this a bit more fun. The total for this JORC if it only covers the southern area and no historic data really doesn't matter to me, the gear is in the ground, whatever the RNS tells us.

[metex] 09/4/2014 14:10

plasticdazza....lol.

Respect your call on the MB Project JORC size....but contrary to some poster opinions here....tend to be....in football parlance...."the cautious one"....hence personal view on pending JORC size....remains the same:

Inferred resource....37.5m tonnes @ 10.5% grading.

In fairness....there does appear to be some slight confusion....as to the actual amount of historical drilling data....(in the physical absence of the old drill cores)....that can be incorporated into the JORC....even though TYM have indicated the Southern Area....was to be the JORC target.

Whether the Southern Area of the MB Project....has been targeted to produce a JORC "Indicated" resource figure....with the rest categorised under "Inferred"....remains to be seen.

Can`t be long now....DYOR.

[plasticdazza] 09/4/2014 12:41

Just bought another 20,000.....they can join the rest.

metex, I'm going for just over 11 million tonnes btw.....I have put the drugs back in the cabinet, we will soon find out.

[metex] 08/4/2014 22:08

GOLDMAN....Hi!....interesting article....but TYM only please!

[atlanticbridge] 08/4/2014 09:40

One thing I have no enthusiasm for is further fluorspar projects... Until we have a clear roadmap of how we're going to extract cash from Nevada and Storuman

[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.

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