Kryso is an emerging mineral exploration company that is principally focussed on exploring the gold and other precious metals deposits previously discovered in Central Asia during the Soviet Union era and then, where appropriate, bringing them into production.
Kryso, which has its head office in London, is a public company that was admitted to the AIM in December 2004 in order to continue funding the development of the Pakrut Gold Deposit, further explore the Pakrut Licence Area and to obtain and acquire other gold and base metal deposits in Tajikistan and elsewhere in Central Asia. The Group's executive directors and senior management are based in Dushanbe.

The Company's executive directors have a proven track record of operating in Tajikistan and they believe that Kryso Resources is the first foreign company to obtain a 100% interest in a mining and exploration project in the country.

From 1 April 2004, LLC Pakrut, a wholly owned subsidiary of the Company, was granted a licence and geological lease to explore and exploit the Pakrut Licence Area which comprises the Pakrut gold deposit and the surrounding 6,300 hectare exploration area located in the metalliferous southern Tien-Shan Fold Belt. This belt is reputed to have the second largest known gold resource after the Witwatersrand in South Africa.

The Group intends to conduct a feasibility study to assess whether the Pakrut gold deposit can be developed into a producing mine and also intends to explore the already identified mineral deposits and areas of mineralization in the Pakrut Licence Area.

OK the Pakrut mine is a cracker .......but KYS cant meet capex -they need 10X raised by placing -perhaps 100m ,,,,,,,,,chinese et al wont pay a big premium i am told .. 24p tops which is good considering KYS was 8p not lomg ago ......and lnst holders keeping cards close to chest ......Big holders of a shedload of warrants bought at 8p preparing to sell . Many insts and retail brokers got FREE warrants if agreeing to take principalpositions in placing @ 8p .......A friend who used to work at Wills and co- before they wound themselves up to avoid being Fu***d by the FSA lol has clients who hold 500,000+ ..looking to sell -.....................Look i ll be in touch

ok "J"

I think that the sp will rise regardless of any takeover or anything else....the spot price of gold is now past $1300 and rising and this has 3 million ounces in the ground and possibly a lot more.

tfc

Wont they wait untill the share price was 20+ before selling ?

Kryso Resources
BFS publication date comfirmed

BFS Update
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, advises that it has been informed by the Beijing General Research Institute of Mining & Metallurgy (BGRIMM) that the final bankable feasibility study on the Companys 100% owned Pakrut gold project in Tajikistan will be available on 12 October 2010.
An announcement detailing the results of the BFS will be made by Kryso as soon as possible thereafter.

Doing fine at the moment......most things were down today...but not this....

Most things were down ? all the junior gold miners were up .

Not all aldwick.....gold had a bit of a rise...followed by a sharp drop and the last time I looked...it was up again.....but KYS is looking very promising with the Chinese on board !.

not all but most

32 million cap with 500 million pounds worth of gold in the ground and perhaps a lot more and now proceeding with fund raising to build the mine...

Pakrut Bankable Feasibility Study Results
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, is pleased to announce the results of the bankable feasibility study (BFS) completed for the Companys 100% owned Pakrut gold project by the Beijing General Research Institute of Mining & Metallurgy (BGRIMM).
The estimates prepared by BGRIMM for the BFS are not compliant with a standard recognised by the London Stock Exchange. Kryso has appointed Snowden Mining Industry Consultants Pty Ltd (Snowden) to calculate JORC Code compliant Ore Reserve estimates for the Pakrut gold deposit, which will be published as soon as possible. To the extent that Snowdens JORC Code calculation differs from the estimates currently used by BGRIMM, further adjustment to the assumptions made in the BFS (summarised below) may be necessary which could effect the economic prospects of the project.
Highlights :
Mine life 14 years with average gold production of 82,000 ounces per annum over the first 4 years
Life-of-mine operating costs US$377/oz
At a US$897/oz gold price the project would have:
NPV (10%) of US$121 million
IRR of 40%
Payback period of 3.0 years
At a US$1,250/oz gold price the project would have:
NPV (10%) of US$227 million
IRR of 58%
Payback period of 2.7 years
Figures are before tax and allowance for anticipated debt financing
Total capital required for development approx. US$108 million
Optimisation of project prior to construction expected to result in improved economics.
Mining
The BFS is based on the development of Pakrut as an underground mine using sub level open stoping with cemented hydraulic fill as the primary mining method. It is proposed the ore body will be accessed by a decline starting at 2265 metres above sea level and running down to the 1810 metre level. Additionally it is proposed a raise will run up from the 2300 metre level to enable mining up to surface at approximately 2400 metres above sea level. The report envisages a modern fleet of diesel powered mining equipment will be deployed; that mining will be at the rate of 2,000 tonnes per day and approximately 9.8 million tonnes will be mined over the life of the project.
Processing
It is envisaged that three recovery processes will be used in the plant; gravity recovery, flotation, and cyanide leaching of both gravity and flotation concentrates and that a dore bar containing both gold and silver will be produced on site at Pakrut and transported to a smelter for refining. The anticipated overall metallurgical recovery of gold from ore fed to the plant is 85.6%. The plant would have a capacity of 2,000 tonnes per day with crushing, grinding, gravity, flotation, leaching and smelting circuits.
Production Schedule
As set out above, in preparing the BFS BGRIMM have used estimates that are not compliant with a standard recognised by the London Stock Exchange. Kryso has appointed Snowden to calculate Ore Reserve estimates for the Pakrut gold deposit that are compliant with the JORC Code as soon as possible.
Earlier resource estimates, announced to the market on 28 June 2010, are JORC Code compliant. These formed the basis of the estimates prepared by BGRIMM and will form the basis of the further work to be undertaken by Snowden and Kryso in preparing the Ore Reserve estimates.
To the extent that Snowdens JORC Code calculation differs from the estimates currently used by BGRIMM, further adjustments to the assumptions made in the BFS may be necessary which could effect the economic prospects of the project as summarised in this announcement.
The BFS currently anticipates a 14-year mine life commencing in the second half of 2012, with total production over the life of the mine estimated to be 857,000 ounces of gold and 123,000 ounces of silver. Average annual gold production over the first four years of mine life is projected to be 82,000 ounces per annum.
Pakrut Project Financial Projections
The following figures are subject to adjustment on receipt of the Ore Reserve estimates from Snowdons, calculated before tax and do not take account of the anticipated debt financing of the Pakrut project.
Based on BGRIMMs assumptions and a life-of-mine average gold price of US$897/oz:
The potential revenue generated by the project before tax would be US$235million
The net present value (NPV) of the project at a 10% discount rate would be US$121 million
The projects internal rate of return (IRR) would be 40%
The projects capital payback period would be 3.0 years
The gold price of US$897/oz has been derived by using a consensus of forecasts for the next four years sourced from Bloomberg, and US$850/oz for the years thereafter.
Based on BGRIMMs assumptions and a life-of-mine average gold price of US$1,250/oz:
The potential revenue to be generated over the life of the project, before tax, would be US$505million
The net present value (NPV) of the project at a 10% discount rate would be US$227 million
The projects internal rate of return (IRR) would be 58%
The projects capital payback period would be 2.7 years
The life-of-mine average operating costs of the project are estimated at US$377/oz. A royalty of 6% of gross revenue payable to the Tajik government has been included in the operating costs of the project. The current corporate tax rate in Tajikistan is 25%.
The report estimates the total capital investment required to bring the Pakrut project into production to be US$108 million including a 6% EPCM (engineering, procurement and construction management) provision and a 15% contingency provision. The total capital investment figure includes the costs of plant construction; underground mine development; mining and ancillary equipment; infrastructure including electricity supply, river diversion, water diversion dam and tailings dam; offices, workshops and accommodation buildings on site; working capital; and owners costs until the start of production.
Further optimisation of the project prior to construction is expected to result in improved project economics.
Current Drilling
Drilling is continuing at Pakrut, including infill drilling intended to enable the Inferred resources of the Pakrut deposit, set out in the announcement of 28 June 2010, to be converted to the higher Measured and Indicated categories. Drilling has commenced at Eastern Pakrut with the objective of defining new resources at this location. Drilling results will be reported as soon as they are available.
Trevor Davenport, Non-Executive Chairman of Kryso, comments:
The results of the BFS show Pakrut to be very exciting, with further refinements to the project to be made where appropriate before the commencement of construction.
Our number one objective now is to secure a complete financing package for mine construction at Pakrut and to bring the project into commercial production at the earliest opportunity.
Dr. Trevor Davenport (B.Sc, M.Sc, Ph.D, MIMM, C.Eng), Non-Executive Chairman of Kryso Resources plc has, reviewed the information contained in the announcement, and consents to its inclusion in the form and context in which it appears.

http://moneyam.uk-wire.com/cgi-bin/articles/20101020124600Z5625.html

don't you just love these yoyo shares!
surely yet another rodney share

The world is your lobster Cynic , this time next year I will be a millionaire.

Notification of Change in Shareholdings


The Company confirms today that is has received notice as follows:


On 26 October 2010, Natasa Mining Limited disposed of its holding of 33,823,113 ordinary shares in the Company at a price of 15p each. Natasa Mining Limited no longer holds any interest in the ordinary shares in the Company and accordingly ceases to hold a discloseable interest in the Company.


In addition, on the same date, Golden Max Group Limited acquired 33,823,113 ordinary shares in the Company at a price of 15p per ordinary share. Golden Max Group Limited now holds 33,823,113 Ordinary Shares representing 19.14% of the total issued share capital of the Company.

with the seller out of the way perhaps we will see the SP recover to a level which relates to KYS's assets?
cyril

It's put a floor of 15p on the price, its now a good time to buy or top up like i did yesterday

A shareholder as got this reply this morning from KYS

Golden Max Group are three business men in Hong Kong and have invested personal money in KYS and wish to see the mine developed. As a long term holder myself, I am very relaxed with this transfer of shares from Natasa to GMG. There is no suggestion that there is a concert party with CNMIM.

Nice recovery this am.
cyril

Yes.....even more so as I failed to take any profits around 19p...