The Sunday Telegraph love this one and last week they gave a positive update.

I don't know whether to buy, but the spread has narrowed and the market capital is tiny so it could jump!

I'm dancing in the dfark with this one but I'd appreciate your thoughts?

50p or 5p what will it be?

City firm Cantor Fitzgerald says Tertiary Minerals (LON:TYM) offers attractively priced exposure to fluorspar, a strategic mineral.

Analyst Asa Bridle points out that Tertiary is London’s only play on fluorspar, which plays a key role in chemical, steel and aluminium industries.

“In the past year Tertiary has expanded its fluorspar project portfolio from Europe into the USA, the third largest market in the world for the mineral behind China and Europe,” the analyst said in a note.

“At a time when other listed juniors have moved out of fluorspar, Tertiary has successfully secured financing that should allow it to continue to de-risk its projects and reach its next set of milestones.”

In a project update Tertiary told investors that the first phase of drilling on the MB fluorspar project in Nevada, USA, has been completed on schedule. Analytical results are now pending, and once they have been evaluated Tertiary will progress with the second phase of drilling.

After both legs of drilling are complete the explorer intends to use the results for a maiden JORC resource estimate for the project.

A prior independent assessment estimated that the project could host between 85 and 105mln tonnes of mineralisation, at grades of 9 to 11% fluorspar, which equates to at least 8mln tonnes of the mineral.

Tertiary also revealed that Golder Associates will now carry out work which will form the main part of an application for an exploitation concession (or mining permit) for the Storuman fluorspar project in Sweden.

Tertiary said that this work is expected to be completed as originally scheduled, to be done by the end of the year, and additional legal input will follow prior to submitting the application in early 2014.

Meanwhile, on the technical side of the project, Tertiary said that recent metallurgical test work has shown that the mineralisation in the deposit’s higher grade Upper Horizon can be concentrated at coarser sizes than previously anticipated.

This has yielded ‘excellent’ and above average levels of fluorspar recovery, the company said.

Tertiary believes there is now an opportunity to consider treating the two mineralised horizons separately, which opens up new options for plant design and mine planning.

These options will be evaluated at scoping level, before commitments are made to the detailed plant design and costing for the ongoing pre-feasibility study. This means the pre-feasibility study will not be completed until the third quarter of 2014.

Working the delay into his recommendation the Cantor analyst cuts his price target to 16p from 30p, although, he says 30p-plus is still achievable in the longer term.

rns out - onwards and upwards

Looking more and more impressive,,,,when the jorc comes out : perhaps 15p plus !...

Positive update:

Tertiary Minerals confirms a substantial increase in the JORC2 (2012)-compliant Mineral Resource Estimate for its MB Fluorspar Project in Nevada, USA.

Highlights (applying a 9% fluorspar (CaF2) Cut-Off Grade):

· JORC compliant Indicated and Inferred Mineral Resource Estimate - 86.4 million tonnes grading 10.7% CaF2

· JORC compliant Indicated Mineral Resource Estimate - 6.1 million tonnes grading 10.8% CaF2

· JORC compliant Inferred Mineral Resource Estimate - 80.3 million tonnes grading 10.7% CaF2

· Contained fluorspar more than doubled for the MB Project and a 67% increase in the Company's total fluorspar Mineral Resource asset base - JORC2 compliant

· The MB Fluorspar Deposit remains open at depth and in all lateral directions

With "Mining" out of favour this (TYM), and Sunrise [SRES] are just about keeping themselves afloat. Odd then that today after ann. FY losses widen the sp rises 28% - maybe someone pressed Buy when they wanted to Sell?
Is the World waiting for more USA-sourced Fluorspar, I wonder - er, that's I hope so.
EDIT (23Feb2016)- [TYM] sp is 1.25 ( abt 3% fall today ), but mining isn't good.
EDIT (12Jan2017)- sp 0.88p (8% fall today)- Oh so CEO thinks Swedish Mining Regs is not inducive And Flospar prices are too low... Looking for some cash-generating Op to compliment . . . smacks of buying (via Placing?) overpriced C.. who can't manage their assets too well, either. Not +ve, rather an admission we've been sold a pup since yr-1.
EDIT (4Aug2917)- Odd share-split recently and now sp is 0.6pence ( nearly two-a-penny)....can't see anything positive at this level. Must be Fundraising soon...meaning dilution....but nec. to keep going.
EDIT(8Dec2017)-After some gains due to "speculation"(?) sp rose nicely, only to be dashed (sp=1p9), after raising £500k at 1.2p - it should fall to match, but not yet. With Xm+NY approach, can't see any+ve activity until March, maybe?