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The main focus is the drill in Konkola anything else will just add fuel to the fire, just remember how little interest their has been so far from punters, they are slowly starting to pull up for the 1p plus party. Will we get results this week? Kobald hve already told us it’s going very well and they are experts in the sector!
I don't know where the information in this article , dated February, originated but it's certainly at odds with the company's understanding who are awaiting a decision. If a decision had been made we would know about it. The company has an obligation to inform the market and shareholders immediately of any such decisions and they haven't.
Where are you getting that information from because it seems to contradict the article? Also, the Head of the Mining Inspectorate, Helena Kjellson, is quoted at the end of the article.
Anyway the company should be able to confirm the situation, I’ll try contacting them this week.
No decision has yet been made following a review of the Storuman decision by the Government. PC himself has said this.
The decision is to be made by the Swedish Mining Inspectorate alone, following Government guidance to review the earlier decision and having regard to Swedish national & economic interests together with energy transition issues, now at the fore. The Norwegian Government nor the county administrative board you refer to SeisNav have primacy here.
I understand that the Mining Inspectorate have completed their review, the final stage of which provided for interested parties to submit views by April 30, a deadline now passed. The Inspectorate are understood to be in a position to give their decision very soon.
From the September RNS.
The Storuman Project once underpinned a much higher market capitalisation for the Company and whilst there is no immediate intention to allocate significant resources from other projects.
I see nothing else that says that they have now allocated resources so this asset is still shelved. Same as the Nevada gold.
It looks like the Storuman application was again rejected back in February, due to conflicts with reindeer husbandry in the area, however the option is still open to modify the plan and re-apply.
Here's the article I found in Swedish:
https://www.svt.se/nyheter/sapmi/lansstyrelsen-sager-nej-till-gruva-i-kyrkberget
and the Google translation:
"Tertiary Gold wants to open a mine at Kyrkberget in Storuman. But after being refused, the government decided that the application would be re-examined. Now the county administrative board has said no again, as it is considered that the location of the mine interferes with reindeer husbandry. The company Tertiary Gold wants to open a mine near Kyrkberget in Storuman. But the Norwegian State of Norway denied permission for mining at the site, citing that it would disrupt the reindeer husbandry in the area.
After that, the company appealed to the government, which in September last year decided that the application for the mine should be tried again. The proposed mine would mine the mineral fluorspar, which is considered a critical substance within the EU because production is low, and the government stated that there are two national interests in the area, where reindeer husbandry is one and valuable substances and minerals are the other.
Get rejected by the county board now the county administrative board has concluded that the two national interests cannot coexist at the site, reports Västerbottens-Kuriren.
The mining operation must be adapted so that it can coexist with the reindeer industry, says Magnus Langendoen, head of unit at the county administration in Västerbotten. The reason is that the proposed mine's sand storage and clarification pond are located in an area that constitutes the reindeer husbandry's core business.
However, there are still opportunities for the applicant company to get its application through if other solutions are found. Should the applicant come in with a revision of the application, we have the option of re-referring the case to the county administrative board and, in case of possible approval, grant the application, says Bergmäster Helena Kjellson."
Crickey the appeal on the basis Flourspar being on the EU list that we challenged, was back over 5 years ago in 2018 the actual notice was earlier still.
That was a period when the share price was on a seismic slide .. with raise after raise done in the period after our appeal failed, however it makes it impossible to see the effects, and what now that should help in reverse.
When I look back at all the RNS’s and all the failed this, failed that it strengthens my belief that this is why (to date) with this 3 million mkt cap that we go along under the radar somewhat.
Disconnect is I believe caused by our history, not what’s going on now.
Well two or three years back when it was announced by the Swedish govt we dropped loads (usual AIM climb a little on any good news / get slaughtered on bad) so if this gets us up at all then it will all add to our direction of travel for the share price at the very least.
I’ll go and trawl through the historical data seeing as I’m lying by a pool in the sun in Bodrum with nothing better to do
Correction $1bln
Thanks for your research News.
For more up to date information regarding Storuman it’s worth listening to PC’s “Investor Meet Company” Presentation of 20 December 2023 (See attached link). From minute 46 of the presentation Patrick provides a Storuman update which includes a current (@ Dec ’23) Fluorspar price of $450/ton and a gross value in the ground of approx. £1bln, which is obviously a significant improvement on your earlier figures.
Presentations | Tertiary Minerals
Re Sweden
Great research NEWS.
Its an interesting development and about turn from the swedish gvmt with potential positive implications for TYM
I dont know much about TYM Storuman, Sweden but on 14 Jan 2000, TYM's share price was 32p!!!
So, I decided to attempt to find out what project/s did TYM have to command 32p? Of course, I realise it could be expansion of funding thru the years but still, so any old timer's help would be helpful to us all. At TYM Storuman https://www.tertiaryminerals.com/storuman-flourspar-project-sweden , it gives MINE LIFE of 18 yrs, Gross CASH generated over life of mine $616m etc via SCOPING STUDY. The price used for FLOURSPAR WAS US$303/ton per study.
LAST TYM STORUMAN RNS DATED 7 SEP 2023 via Sharetalk mentioned MINING INSPECTORATE'S 2019 decision not to grant exploitation application concession ANNULLED. This is now NOT surprising given what is tweeted on Twitter about the change of heart with a mining friendly new govt? Ah, not only that but it is a CRITICAL MINERAL for EV per title.
Let's hope that Sweden can work quickly through the jam log of lifting annulments etc. I dont know what was the PROJECT/s in 2000 that gave TYM such a high share price so look forward to some helpful guide on what happened? Thanks. News, Sat, 11 May 2024. TYM 0.09p , mkt cap £2.45m when I first entered recently as I chanced on Kobold JV with TYM.
Great research as always News. A fantastic stable and one that is now very active in one of the hottest mining jurisdictions!
15-20M MCAP here in coming weeks!
I have some good news for ya all:
TYM SWEDEN: Industry news: "Sweden just given green light for Copperstone Res to build a new copper mine in Sweden."-6 May, 2024. The tweet: "Mining change in Sweden in full swing." [https://twitter.com/BULLReturns/status/1787496273500938307 . Sweden is also lifting the uranium ban on May 15,2024 or rather regulatory proposals a/c to posters on Twitter. New govt mining friendly a/c to @StigvdA on 10.5.24. So, hopefully, some NEWS FROM TYM SWEDEN ?
[2] TYM NEVADA: Ivanhoe Electric and BHP has formed a 50/50 JV to look for COPPER and critical metals in S.W USA starting with a few states. NEVADA is in SW USA and TYM just put out an RNS on BRUNTON PASS, USA after doing a geophysical. So, Patrick Cheetham, Chairman/MD of TYM is very up-to-date as hot exploration is in the S.W. USA. Some say majors are moving to Tier 1 due to what happened to First Quantum and their Panama mine [copper] etc.
[3] Gold has entered a new phase of exceeding $2,000 USD and therefore TYM @gold project in Nevada is spot on in time.
[4] TYM ZAMBIA: [a] TYM /KOBOLD KONKOLA WEST : If copper is hit , be it Lower Roan or Upper Roan , then President of Kobold said ZAMBIA is key for them ie for their co and it appears they may need TYM/KOBOLD JV. Certainly, they are giving Mr Cheetham 1st class treatment invited to stay at the proper house camp and not rough it out in a tent as some CEO have to do in the bushes eg Australia. TYM MUKAI: That is just on the licence area of First Quantum /AFP JV and it appears they might need [b] TYM MUKAI as large tonnage comes with typical lower grades as seen in the next door FQM Sentinel mine --it NEEDS LARGE ACREAGES ie strike so TYM Mukai may fit the bill as the grades are HIGHER at Mukai per TYM. [c] TYM MUPALA is on the licence area of ARCM/Anglo American. Looking at the soil sample map of Seis Nav for ARCM, it would appear that the largest anomaly @soil sample is SITTING on the DOOR STEP of TYM Mupala, Zambia. Not surprising Anglo American fought TYM for Mupala but couldnt get it. Now, TYM reveals soil sampling was done on Mupula historically so in with a good position esp once we see this new data or Seis could get it.
[5] Keep Gordon "interested" per post below. Gordon is now the No 5 top ranked poster on LSE. So, Gordon is King of the Bees LSE.
[6] Over at ARCM/Anglo American, Mkt cap £24m+, drilling has NOT started yet but maybe, ARCM was NOT on the LIST OF METAL WINNERS like TYM, duck feathers are flying. So, all appears positive and let's hope TYM hits given so many chances in Zambia which TYM in the RNS said of their licences ie "EXCITING." Cheetham said co's are "SCRAMBLING" for licences in Zambia - well TYM has many of note and one is a BHP may need drilling @Mush.
News, Sat 11 May 2024. History will tell what happened next but TYM MKT CAP at £2.45m @0.09p was a no brainer and now TOP 4 WINNER on the Metal Risers List and if they took in Fri's rise, even higher
Please keep Gordon interested over here he's becoming a nuisance
SeisNav
Let's begin a new chapter of co-operation with all on this forum as everyone has something to contribute, share & post as investors. Thank you for the new info that ANGLO AMERICAN KONKOLA WEST @8holes drilled & 5.3MT of copper @0.76% at 240m ,av 5.5m thick but not tested for cobalt, is ===NORTH ===of TYM/KOBOLD JV @KONKOLA WEST licence.
My Hypothesis: Exploration for metals is NOT 100% WILD CAT as one thinks but rather a science of looking for pathfinder metals, soil sampling, geophysical etc. One is now told by TYM that KOBOLD DID THE INTERPRETATION of the geophysics and Kobold AI looks for DEEPER deposits [BHP and Ivanhoe Electric has just ann a JV to do exactly that in S.W. USA using Al]. So, it now appears what TYM CONFIRMED on Twitter to a question about LOWER ROAN and deeper , that this is correct. Why? IF ANGLO AMERICAN via sub ZAMANGLO drilled the Lower Roan [TYM said that is where the COPPER is found in this formation], then WHAT DID KOBOLD find from SURFACE TO 240m? It is also clear that Anglo at the time did not have advanced AL and therefore, they did NOT do what Kobold did at @MINGOMBA ie Luashme Extension discovery which was deeper. Since TYM/KOBOLD KONKOLA WEST IS 1.2 miles or 2km from KOBOLD'S MEGA DEEP COPPER DISCOVERY, now the QUESTION is whether TYM/KOBOLD will ALSO HIT copper at deeper levels up to 1,000-1200m 1st time? From some cals of roughly 150m per 8-9 days, Kobold should be at 450m this weekend or shortly give and take. I also note that those PICS of Cheetham kneeling in front of 3 cores only against a background of the rig industry style with partners was on 24.4.24 TYM RNS and IT WAS STATED 150M reached and two more updates since via RNS & Twitter pics but not the same as on 24.4.24.
Cut to the chase: There now appears that TYM/KOBOLD JV would need to report on the LOWER ROAN as well ie up to 240m depth drilling and heading to the 700m mark where the STRATIGRAPHY DRILL at NW Konkola West , near the gabbo hit chalo, bornite etc. In the CPR of Caledonian , I recall the Geo stated the results were ECONOMIC and if he is talking of Anglo American at Konkola West, yes, in theory, a large strike with a surface deposit is "economic" given cut-off is no longer as challenging with the price of copper up and in supply deficit. SO, HANG ON TO OWN'S CHAIR. I am quite sure that normal industry practice has to be undertaken ie XRF readings if any.
SeisNav: Are you surprised at the +25% on Thur and +14% on this Fri for TYM making a total of 39% within 2 days of trading and taking the mkt cap from £2.45m @0.09p to £3.16m mkt cap @0.12p. So, IT PAYS TO RESEARCH before data comes out. Well, it has to do with MKT CAP and that there are MORE LICENCES for TYM Zambia which in the RNS was stated to be "EXCITING". In earlier times of Solgold, mkt cap was £8m BEFORE drilling could even start at Cascabel and that is history now. Anyone starting an AIM co must now start at £6m per the rules. So, a no brain
Seis Nav. Fair enough. Just correct if necessary. Having said that , it is still relevant that TYM stated on their website on KONKOLA WEST has the LOWER ROAN formation where copper lies. And it is also right per TYM via their website and CONFIRMED on Twitter by TYM, the is LOWER ROAN formation & deeper. It is ALSO FACT, that LOWER ROAN hit copper be it for ANGLO AMERICAN or otherwise. I posted the 2 formations coming into Konkola West yesterday. Not being long winded as you call it is not very helpful in my view. Yesterday, you just mentioned CADASTRE of Zambia. I took a look and my word, it is like a big jig saw. On XTR, the posters also said so and Colin Bird said something in a podcast. It seems the Cadastre of Zambia is currently in a state, lets put it that way according to XTR investors. So, YES, YOU ARE SHORT and terse but it tells us nothing ie HOW FAR IS ANGLO AMERICAN KONKOLA WEST licence to TYM's KONKOLA WEST. From my observation you love ARCM as I read your Twitter and you sing praises about ARCM and you quote the CEO this and that which appears to be from what he said in presentation or meetings or calls, I am not sure. Let's just leave it at that. As an academic, I am sure you understand development synopsis and if any has to pass any paper , then the short answer will be FAIL. But to each their own. By the way, NO ONE ie private individual can "scrape" data - if one walks into a public library, they post the rules in front of the photocopier wherein one can take material per book etc. So, taking para's from established work on open public file and giving attribution is NOT "scraping" either. And oh, there is NO BOT either on stock forums as was said of Jane. Why? Bots needs data centers and no one is bothered about a tiny AIM co Lol. Bots are for political etc and those are big ops, not a individual. Others posting is also allowed as each one with shares CAN POST per LSE rules. This morning, it is POSITIVE that everyone has now GOT the picture ie the MKT CAP, the potential etc. All very common sense from garnering data. News, Sat 11 May 2024.
News, you are a very long winded individual. I have posted plenty of information both here and on X long before you started posting here. There is no reason for me to withhold information, I’m a long term investor in both Arcm and a more recent investor in TYM.
I’m not denying anything about your research, all very interesting, however my point is that what was called Konkola West in the report you are quoting IS NOT THE SAME AREA as the current TYM license called Konkola West.
Here is the cadastre showing Konkola West highlighted: https://tinyurl.com/34x8f6pn
Here is the map from the SEC report showing PLLS175, referred to as Konkola West in that report: https://tinyurl.com/2ywch42f
It’s clear that PLLS175 is North of TYM’s license area. The current Konkola West was once part of a larger license area owned by Equinox which you can see on page 42 of that report.
Top No 1 Winner was +68%, No 2 at +42% , No 3 at +31% and No 4+ 25 % is TERTIARY MINERALS.
However, the TYM +25% was on Thur but on Fri, it was +14% + so, that TOTALS +39% IN 2 DAYS.
Interesting also that out of the 4, 3 are JUNIOR EXPLORERS.
Yes, TYM MARKET CAP WAS £2.45M @0.09p when I posted the data. TYM ended on Fri, 10 May 2024 at 0.12p to sell and 0.13p to buy. Real prices on Fri at HL was more than 0.12p to sell. Mkt closed now on Sat, 11 May 2024 so live price is now history. News, 11 May 2024. DYOR, NIA.
Personally I hope we rise before news. Feel 10m mcap is more inline at present and higher with good results
With Kobold at the helm of the drill we are in very very very good hands indeed. Not sure how we attracted such big players. Either we have a massive site and are immensely undervalued or we just got bloody lucky… I think the former!
Sorry bloody predictive text … should say ‘gimmie’
No such thing as a ‘gommie’ but this has to be as close as you get.
Unless they drill and hit … rubble …which I feel to be extremely unlikely., share price has to catch up.
It has been a perennial failure, you only have to look at the price of all the directors Buys… but we are in a position where (potentially) we are so close to ‘monetising’ this licence area.
We traded between 0.15 and about 0.18 for a period BEFORE we had any transformative news on this recent development of the drill and allowing for the two raises since that we are barely at those levels now.
Fred and Barney Rubble could bring this home from here, and although no geologist I actually see it as very unlikely that this draws a blank.
For the whole company to be valued in the region of the next OMASE house prize … makes me think I’m missing something. I refuse to say that old line “one of the cheapest things on AIM” but are we just written off due to Cheetham and the team … just failing previously to hit any timeline/ deadline and then just raise and repeat? That is my only answer for our Mkt Cap being around 3million.
Currently drilling to “test for projected extensions of the WORLD CLASS Konkola-Musoshi copper deposit. “
Current Mkt cap of £3M.feels short by multiples