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Drill results cheer Tertiary Minerals

By Robert Tyerman | Friday 13 February 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Tertiary Minerals (TYM) is celebrating encouraging results from the third phase of drilling in the western area of its MB fluorspar project in Nevada, described by managing director Richard Clemmey as ‘some of the most promising results encountered to date’. The Macclesfield-based company, which has given investors little to cheer about since entrepreneurial executive chairman Patrick Cheetham floated it on AIM 16 years ago as a tantalum play, highlights three holes in particular at MB, where it has already established a maiden formal resource estimate of 8.9 million tonnes indicated with 10.3% fluorspar and 29.5 million tonnes in the more tentative ‘inferred category with 10.4% fluorspar.


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