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.

http://www.minesite.com/companies/comp_single/company/-f1b84f7497.html

Kryso Resources Proving Up Million Ounce Soviet Resource At Pakrut Gold Project In Tajikistan


By Henry Sandford



A week ago AIM listed Kryso Resources achieved a milestone when it released the first JORC compliant resource estimate for its Pakrut gold project in the former Soviet Republic of Tajikistan in Central Asia. A Soviet delineated resource of in excess of one million ounces is available for Pakrut, but for many investors, the existence of a resource estimate meeting JORC standards will mean that they can now start to take the project seriously.

The JORC resource estimate for the main Pakrut deposit stands at 10.1 million tonnes grading 1.84 g/t gold, of which 2.4 million tonnes grading 2.1 g/t gold falls into the measured category and 2.4 million tonnes grading 1.8 g/t gold falls into the indicated category. The remaining 5.3 million tonnes grading 1.7 g/t gold comes under the inferred category. A total 596,500 ounces of gold has therefore been brought under the JORC umbrella this time, but this is an initial estimate it is the companys expectation that there is more to come.

Admittedly, Soviet and JORC resources estimates are not directly interchangeable, but Kryso is confident that the deposit will live up to expectations. The conversion of additional Soviet resources to JORC standards will be undertaken in due course, and the deposit is still open at depth as well as to the east and north.

The initial resource estimate has been tailored to the requirements of the feasibility study currently underway, which is to model an open pit operation that will produce between 200,000 and 300,000 ounces of gold relatively low stripping ratio. The open pit feasibility study is expected to be complete by around the middle of this year. Underground mining will be also considered in future, and current indications are that the Pakrut deposit gets wider and higher grade at depth, which would be a plus point for an underground mine.

So far Kryso has focussed its efforts on the main Pakrut deposit, but two smaller satellite deposits, Eastern Pakrut and Sulfidnoye, also exist. The company plans to explore these deposits further and to convert the Soviet resource estimates that exist for them to JORC standards, but work on the main deposit understandably takes priority.

Krysos management team knows Tajikistan well. Managing director Vassilios Carellas, chairman Trevor Davenport and finance director Craig Brown all worked in Tajikistan in senior positions for Canadian-listed Nelson Gold, later Nelson Resources, prior to becoming involved with Kryso. In addition, executive director Abuali Ismatov is a Tajik national and well known businessman so is able to provide effective local liaison with the government and the business community. With the scares that some AIM investors have had in Central Asia, although not in Tajikistan, this level of local engagement on Krysos part will be a comfort. Tajikistan is in fact one of Central Asias more politically stable countries, having held peaceful presidential and parliamentary elections in 2006 and 2005 respectively.

Kryso has branched away from gold with the Hukas nickel-copper project, also in Tajikistan. Again, Hukas was discovered by the Soviets, who completed a small drill program intersecting some high nickel grades but failed to drill out the wider geophysical anomaly. Kryso is planning to change that this year, although its first step will be a geophysical survey to confirm the anomaly discovered by the Soviets and to select drill targets. Trenching carried out by the company last year has already confirmed the presence of nickel, copper, cobalt and PGM mineralisation. This years drilling will reconfirm previous Soviet drilling results and potentially extend the area of the known mineralization.

Kryso received a vote of confidence in its prospects in December when Great Basin Gold, part of the well respected Hunter Dickinson group of companies, signed a strategic alliance with the company. Great Basin also put in 1 million of new funding at the time, giving Kryso enough funds in the bank to complete its feasibility study, continue with drilling on Pakrut and complete the planned geophysical survey as well as initial drilling on the Hukas project.

When it listed on AIM in December 2004 Kryso raised 2.6 million and the only subsequent fundraising since has been with Great Basin. The company still has 1.1 million in cash, and its expenditure so far has enabled it to purchase three drill rigs and to carry out approximately 10,000 metres of diamond core drilling. Plenty of other useful work, including the establishment of an 85 man camp at Pakrut, has also been completed, so the company could hardly be accused of being overly profligate.

Would simply love to be a fly on the wall when Simon C's in laws pay a visit. ..What with his father in law being a Crown Court Judge even Simon surely wouldnt put his father in law on a bum steer with a shedful of iffy stock . ,,,But word on da street has it hat once the H/D financed feasibility study has been completed @ Pakrut and JORC resource estimations found to far exceed the very limited older Soviet data this stock will move quicker than a whores ass on pay day .At last the board is solid and robust and vastly expirienced in this region via previous employment . ...Open pit { upon which the JORC compliance is based is also very cheap to work ; and what with underground trenching revealing higher grades of the yellow metal and other precious metals this reminds me very much of CEY...........for from small acorns do great oaks grow . ......@+ J .

Up 13.33% today.

Kryso Resources plc

AIM: KYS

(`Kryso', `Kryso Resources' or `the Company')

Kryso Resources to Start Geophysical Survey Next Month

At Hukas Nickel-Copper Project, Tajikistan

- Objective is to confirm large nickel-copper sulphide anomaly

- Survey will also facilitate selection of drill targets

- Contractor appointed and on-site preparations begun

Kryso Resources plc, the mineral exploration and development company with gold
and nickel-copper projects in Tajikistan, is pleased to announce that LOGANTEK,
a geophysical services company primarily active in Asia, has been selected to
carry out the proposed geophysical survey at the Company's Hukas nickel-copper
project in Tajikistan.

Representatives from LOGANTEK will travel to Tajikistan in early May on a
reconnaissance visit, with a full ground-based electromagnetic survey taking
place shortly thereafter.

The goals of the survey are to confirm the large Soviet-reported geophysical
anomaly in the Hukas project area and to gain further understanding of the
wider project area, within which there are numerous showings of nickel-copper
sulphide mineralization. This is intended to enable the selection of targets
for drilling later in the year.

Kryso Resources' Managing Director Vassilios Carellas, comments:

"We are extremely excited to be in a position, through the planned geophysical
survey, to gain a more comprehensive understanding of the nickel-copper
sulphide mineralization at Hukas. Deposits of this type are coveted by the
mining industry, but are becoming harder to find.

As well as the electromagnetic survey, Kryso intends to carry out shallow
diamond drilling in some parts of the Hukas project area, particularly where
nickel-copper sulphide mineralization was identified by drilling in Soviet
times.

These shallow holes are to be in addition to the drill programme scheduled for
later in the year after the data from the electromagnetic survey have been
interpreted and a range of drill targets selected in the light of the results."

A team of Kryso employees has commenced preparations on-site at Hukas,
including the establishment of a camp, road development and bridge repairs.
These preparations will support Kryso's full 2007 work programme at Hukas,
which will also incorporate geological and topographical mapping, and 1500
metres of trenching and sampling.

For further information, please contact:

Vassilios Carellas/Craig Brown, Kryso Resources plc.
Tel: 020 7371 0600

Brett Miller, Ruegg & Co Ltd.
Tel: 020 7584 3663

Richard Hail, Fox-Davies Capital Limited.
Tel: 020 7936 5200

Stephen Clayson/Ron Marshman/John Greenhalgh, City of London PR Limited.
Tel: 020 7628 5518

Kryso Resources plc

("Kryso" or "the Company")

AIM : KYS

Directors' Shareholding

In accordance with Chapter 5 of the Financial Services Authority's Disclosure
and Transparency Rules, the Company was informed on 19 April 2007 of the
following Directors' interests in the Company's issued voting share capital:

Director Number of Shares Percentage of issued
voting share capital

Vassilios Carellas 7,100,000 10.68%

Craig William Brown 7,100,000 * 10.68%

Abuali Ismatov 7,100,000 10.68%


*7,000,000 of these shares are held by Westrock Resources Limited, a Bahamian
company in which Craig Brown is interested.

For further information:

Kryso Resources plc
Vassilios Carellas/Craig Brown,.
Tel: 020 7371 0600

Ruegg & Co. Limited
Brett Miller/Gavin Burnell
Tel: 020 7584 3663

Kryso Resources plc

AIM: KYS

(`Kryso', `Kryso Resources' or `the Company')

Kryso Resources Announces Appointment of Ferdinand Dippenaar,

CEO of Great Basin Gold, as Non-Executive Director

- Appointment cements its strategic relationship with Great Basin Gold, part of
Canada's highly successful Hunter Dickinson group

Kryso Resources plc, the mineral exploration and development company with gold
and nickel-copper assets in Tajikistan, is pleased to announce that Ferdinand
Dippenaar, aged 46, has been appointed as a Non-Executive Director of the
Company.

A resident of South Africa, Ferdinand Dippenaar has 25 years of mining industry
experience, particularly in the gold sector, and has occupied a variety of
senior roles. He is currently President, Chief Executive Officer (CEO) and
Director of TSX-listed Great Basin Gold (`Great Basin'), Kryso's strategic
partner and holder of approximately 15% of the Company.

Great Basin is part of the well-known Hunter Dickinson group of mining
companies. There are a total of nine listed companies in the Hunter Dickinson
group, with a total market capitalisation of in excess of CAN$3 billion. Mr.
Dippenaar also acts as an Executive Adviser to a number of other Hunter
Dickinson companies. Prior to joining Great Basin in 2005, he was an Executive
Director of Harmony Gold Limited, the world's fifth largest gold producer.

Kryso Resources' Managing Director Vassilios Carellas, comments:

`Ferdinand Dippenaar's appointment will not only bring Kryso the benefit of his
long experience in the mining industry but will deepen our relationship with
Great Basin Gold, with which Kryso has a strategic alliance. Kryso's
association with Great Basin and with Mr. Dippenaar reflects positively on the
attractiveness of our assets, and will be a valuable source of support as we
progress our Pakrut gold project towards production and explore the potential
of our Hukas nickel-copper prospect.'

Ferdinand Dippenaar has held the following directorships in the previous five
years:

Current:

Antler Peak Gold Ltd
Great Basin Gold Ltd
Great Basin Gold Inc
Great Basin Gold RSA (Pty) Ltd
N5C Resources Inc
N6C Resources Inc
Pacific Sentinel Resources Inc
Rodeo Creek Gold Inc
Southgold Exploration (Pty) Ltd
Touchstone Resources Company

Past:

Armgold/Harmony Freegold Joint Venture (Pty) Ltd
East Rand Proprietary Mines Ltd
Elandsrand Gold Mining Co Ltd
Evander Gold Mines Ltd
Grootvlei Mine Ltd
Harmony Gold Mining Company Ltd
Harmony Gold Australia Ltd
Kalahari Goldridge Mining Company Ltd
Musuku Beneficiation (Pty) Ltd
Randfontein Estates Ltd

Roly - lf i buy anymore of these ill have to issue an RNS reg notifiable interests .....Since the companies inception i seem to have been topping up every month or so --but only in small tranches of 50,000 or so ....For a fellow "shorter" as Simon to go sooo long must be an endorsement ...NOW a JORC compianced resourse. ..but it soon all adds up to a very overweight position ..........Good stock tho ...so ssssshhh ..Rewards -2008 .......Amities .....a/b @+ J

I found a decent article re Kyrso on the Proactiveinvestors.com website.

Clink HERE

Andy,

Thanks, thats one of the best acticle's i have read on KYS. Is it still only on your watch list ?

Aldwick,

Yes sadly, no spare funds until PAF relists.

Just bought 50,000, not showing yet. IG index not taking any buy orders now.

21 May 2007

Kryso announces that its shares were today admitted to trading on PLUS, the
independent London-based equity market service provided by PLUS Markets Group
plc. Kryso continues to be quoted and traded on AIM.

For further information contact:

Kryso Resources plc

Kryso Resources Plc ("Kryso" or the "Company") is pleased to announce its final
results for the year ended 31 December 2006. The results below are extracted
from the Company's audited Report and Accounts.

CHAIRMAN'S STATEMENT

As Chairman of Kryso Resources plc (`Kryso' or `the Company'), I am pleased to
report to shareholders that during the year the Company took significant steps
towards production at the Pakrut gold deposit (`Pakrut') and was also able to
commence exploration at the Hukas (`Hukas') nickel-copper prospect.

The three most significant developments for Kryso since my last Chairman's
Statement have been the completion of an initial JORC-compliant resource
estimate for part of the deposit at Pakrut in March 2007, the formation of a
strategic alliance with Great Basin Gold (`Great Basin'), part of the highly
successful Hunter Dickinson group of companies and the acquisition of the Hukas
nickel-copper project.

The initial JORC-compliant resource estimate for Pakrut was compiled
principally using data obtained from Kryso's first 8,000 metres of diamond
drilling and was generated by Snowden Mining Industry Consultants (`Snowden').
The resource is estimated to contain approximately 596,500 ounces of gold at a
0.5g/t gold cut-off grade. This resource will form the basis of the feasibility
study currently underway for a proposed open pit mining operation.

The bulk of the JORC-compliant resource is from the lower grade Ore Zone 2,
which was targeted first due to its close proximity to the surface,
facilitating the definition of an open pit. The mineralization is still open at
depth, as well as to the east and to the north. The latest drilling at Pakrut,
which is targeting areas below the adit level in Ore Zone 1, has indicated that
both the width and grade of the ore body are increasing with depth. The results
from these drill holes, once analysed at SGS Lakefield, the independent assay
laboratory used by the Company, will be used to update the existing JORC
resource. This could have a significant positive impact on the overall
economics of the Pakrut project, especially once sufficient resources have been
delineated to design the underground mine.

The strategic alliance with Great Basin Gold has been cemented through a
non-brokered private placement with Great Basin Gold of Kryso shares worth
31,000,000. This was the first financing carried out by Kryso since it's
listing in 2004, when 32,600,000 was raised. In addition, Ferdinand Dippenaar,
currently President, Chief Executive Officer and Director of TSX-listed Great
Basin, has been appointed to Kryso's Board as a Non-Executive Director.

In 2005, the potential for commercially significant nickel, copper, cobalt and
PGM (platinum-group-element) mineralization in the Republic of Tajikistan was
brought to Kryso's attention. The Company subsequently identified two areas
with favourable geological settings that had been discovered during the Soviet
era. Kryso has been granted an exploration licence for one area that
encompasses the Hukas prospect, and has won the tender for the other.

At Hukas, a relatively small, exposed, partially oxidized body of sulphide
mineralization was trenched by the Soviets, who also drilled several boreholes
into its projected extension. Sampling from these trenches and drill cores
returned encouraging average grades of 2.86% Ni, 1.26% Cu, 0.084% Co and 2.3g/t
PGM. From these investigations, it appeared that the mineralization at Hukas
was an isolated lens which had been separated from a potentially larger
sulphide body. In addition to this showing on surface, blind mineralisation was
also encountered by Soviet core drilling, which indicates a possibility to a
layered nature to the nickel mineralisation within the intrusive.

In 2006, after establishing a tent camp at Hukas and rehabilitating the 12
kilometre access road, Kryso excavated three trenches across the outcrop of
this lens. Analysis of the samples collected from these trenches returned
encouraging assays of 1.03 to1.57% Ni and 0.62 to1.21% Cu.

Kryso has contracted Logantek to carry out a ground based electromagnetic
geophysical survey (TEM) during June/July of this year over 8 square kilometres
of the Hukas Licensed Area, which extends to 17 square kilometres in total. In
addition to the geophysical survey, the Company plans to carry out a shallow
diamond core drill programme around the blind mineralisation discovered by the
Soviets later on this year.

The 2007 work programme at Hukas is intended to enable the Company to create a
conceptual model to guide further evaluation of the license areas economic
potential, while at Pakrut, Kryso remains focused on reaching production as
soon as possible. To this end, the Pakrut feasibility study is proceeding well,
and I expect the coming year to be even more momentous for Kryso than the
preceding one.

Trevor Davenport
Non-Executive Chairman

13 June 2007

aldwick,

I saw the Proactiveinvestors presentation the other night, and I was certainly impressed!

The presentation can be viewed HERE

KYS look solid, and the project fundamentals are improved by their now planning on 100K production PA, rather than the previous 30K.

I liked the CEO, and Simon Cawkwell put in an appearance too.

All in all, I have decided to make an initial purchase when funds permit, but this looks like at least a doubler within the next couple of years.

I feel this will be a boring and unexciting stock, a slow tortoise, but will make holders money in the longer term.

By Jackie Steinitz
19 Jun 2007 at 06:32 PM GMT-04:00


LONDON (ResourceInvestor.com) -- Many investors are instantly put off as soon as the S-suffix appears in an article; valuations of companies located in the Central Asian Stans are often collectively marked down for political risk with scant regard for the differences between the five countries.

But to stop reading now could be a mistake, as Kryso Resources [AIM:KYS], a gold/nickel/copper exploration and development company in Tajikistan which is anticipating its first gold pour by 2009 has considerable upside potential. Here, perhaps, are a dozen reasons to read on:

Krysos 100%-owned Pakrut gold project is located in the highly prospective Tien Shan belt, which is host to one of the world's largest concentrations of multi million ounce gold deposits. The belt, which stretches across Central Asia from Uzbekistan to China and Mongolia is reputed to be the worlds second most prospective gold belt after the Witwatersrand in South Africa (which has produced 40% of all the gold ever mined). Some 400M ounces of gold have been identified in Tien Shan, and its mines include the Uzbek state-operated Muruntau deposit, which is the worlds largest open pit gold mine and has a resource of 170 million ounces.

The Pakrut licence area was systematically explored by Soviets from the 1940s to 1980s leaving a physical legacy in the form of adits (tunnels) as well as a body of thorough, well-documented but under-interpreted data. The Soviet legacy has enabled Kryso to conduct year-round underground drilling from the adit, despite climatic constraints, and to fast-track the exploration programme and feasibility study. The initial grassroots exploration was conducted by the Soviets who were looking for the source of the alluvial gold found by locals in the river. In total they carried out $5m worth of exploration work including 6.5km of adit development, 5,000 metres of core drilling and 33,000 cubic metres of trenching. (In Tajikistan there were 30,000 people working on geology at one stage!) As has often proved the case in the Former Soviet Union, the exploration data was of good quality but the various bits of the jigsaw were not pieced together and the resource, estimated by the Soviets to be 1.28M ounces at the C2/P1 levels of confidence, was unexploited. Geotechnical information collected by Soviets on issues such as water flow, temperatures, snowfall and so on can be used in the feasibility study which is currently underway.

Kryso has conducted a further 10,000 metres of diamond core drilling and it is collating the vast amount of data on the Pakrut Licence Area into a single database. In March it announced its first JORC resource of almost 600,000 ounces from the lower grade Zone 2 with mineralisation still open at depth, to the north and to the east. (This lower grade area was targeted first as it is the nearest to the surface and so is open-pittable). The latest drilling at Pakrut is below the adit in Ore Zone 1 has indicated that both the width and grade of the ore body increase with depth. Kryso are targeting a resource of 1M oz by the end of this year. The total JORC resource was 10.1M tonnes at a grade of 1.84g/t with 4.8M tonnes of the resource in the measured and indicated category. Highlights of the drilling to date have included intersections of 40 metres at 8.56 g/t of gold and 33 metres at 3.69 g/t. Results from a further 20 drill holes will be published at the end of this month. A high grade sample of half a kilo which was assayed at the Central laboratory of Tajik Geology contained 570 pieces of free gold!

Only a small part of the 63 square kilometre project area has been drilled. To date Kryso have focussed on only about 5 square kilometres of the project area. Earlier work by the Soviets indicated that the licence area could contain 10 million ounces of gold though this was only at the C1/C2/P1/P2/P3 levels of confidence (The P2 and P3 levels fall below only JORC categorisations and should only be considered as exploration results and exploration potential respectively).

Kryso are fast tracking Pakrut to production by 2009. Revenues will provide cash flow for future development. The Bankable Feasibility Study initially scheduled for completion around now has been put back to the end of the year so that it can include plans for both an open pit and underground mine. The Environmental Baseline Study is already complete. Kryso are targeting production of around 100,000 tpa. The footprint of the operation will be confined to just one valley which will be home to the mine, the plant and the tailings dam.

The company has sought to control its own destiny as much as possible. It owns three diamond drilling rigs and has constructed its own assay lab in Dushanbe, the capital of Tajikistan (and 100km from Pakrut). It is possible that the future mine at Pakrut may produce its own hydro-electric power. With its own assay lab Kryso can analyse samples quickly and cheaply avoiding the delays which plague so many other mining companies in the current tight market. Ditto drilling rigs. The Feasibility Study is currently looking closely at the economics of producing hydro-electric power from the river which will have to be diverted anyway and is likely to have a fall of 250-300 metres. After the initial capex which could be in the order of $6m for 12MW turbines at Western costs, less if Chinese turbines are used, the mine would be self-sufficient in power for most of the year. It is an asset which could be left behind afterwards to supply power to the local communities.

The Tajik government encourages development through foreign investment. No mining licences have ever been revoked. Tajikistan is on the road to democracy and has held 3 elections since the break up of the Soviet Union. Although Kryso was the first foreign company to 100% own a project in Tajikistan there are now several companies which operate there including Avocet Mining [AIM:AVM], Kazakhmys [LSE:KAZ] which has just taken over Eurasias high grade silver deposit and Gulf International Minerals [TSX:GIM].

The Management team are plugged in to local culture. Although the CEO and CFO hail from South Africa and New Zealand they have a combined 25 years experience of working in Tajikistan for companies which developed two operating mines in the country. Both have Tajik wives. The CEO speaks half a dozen languages including Russian and Tajik while the CFO is fluent in Russian. The local director, Abuali Ismatov, is an influential and successful local businessman (whose portfolio includes four vodka bottling plants) with excellent political contacts. Top-notch local contacts have enabled the company to pick a high calibre local management team and workforce and to optimise both the Russian and Western equipment purchased on the basis of cost and quality.

Kryso is also exploring the Hukas nickel/copper/cobalt/PGM project. Like Pakrut this project was also explored in Soviet times revealing a nickel sulphide orebody which outcrops at surface, is potentially open-pittable and which was determined by the Soviets to have an average grade of exposed mineralization of 2.86% nickel, 1.26% copper, 0.083% cobalt and 2.3g/t of platinum group metals. This project has the potential to be even bigger than Pakrut. The Soviet results (exploration was discontinued because of lack of funds) show good grades for each of the metals individually. Taken together they imply a huge value of contained metal per tonne - at todays prices it would be over $1250/tonne and so equivalent to a gold grade of around 60g/tonne. Check out the sums yourself on Kitcos Whats that rock worth ready reckoner). Moreover the nickel is in sulphides and as the CEO, Vassilios Carellas has pointed out deposits of this type are coveted by the mining industry (as sulphides are far cheaper and more straightforward than nickel laterites) but they are getting ever harder to find. Kryso will be commencing core drilling and a geophysical survey at Hukas shortly.

The company is careful with money. Its offices are functional and not elaborate. Travel expenses are contained.

The company has recently forged an alliance with Great Basin Gold [TSX:GBG; AMEX:GBN; JSE:GBG] which is part of the Hunter Dickinson Group and now owns 15% of the company. The deal, concluded in December 2006 brought both technical expertise and 1 million (almost $2 million) of finance to Kryso. In April, Great Basin added a director, Ferdinand Dippenaar, to the Kryso board, who brings with him 25 years of mining industry experience particularly in the gold sector.

Besides Great Basin Gold the shareholder base comprises a mix of funds including RAB Capital (13%) and Gartmore (5%), the renowned short-seller Simon Cawkwell aka Evil Knievel (who is long on Kryso owning at least 3.65%, probably more), the directors (32%) and retail investors (around 27%). Together they represent a vote of confidence in the projects.



In an entertaining article about the company dating from 2004 Simon Cawkwell, who was then the Chairman of Kryso, argued that, in practice there was no geological or management risk attached to Kryso. This may have been over-egging the pudding (and Cawkwell subsequently had to resign the chairmanship because of a breach of AIM rules), but his point that the greatest risk is political is almost certainly a fair one. Nonetheless events to date have suggested that for mining companies Tajikistan has proved less risky than certain other of its fellow Stans.

For the directors the exigencies and obligations of development are probably what keeps them awake at nights; like all directors they have to deliver on promises to their stakeholders. At least in Krysos case the directors have previous experience of mine development.



At todays price of 13.25 pence Krysos market capitalisation is 8.8 million ($17.5 million) which ranks it 164th out of the 200-odd mining companies listed on the London stock exchange, 58th out of the 70-odd gold companies. With its early mover advantage in a well-explored but under-developed region, its high calibre team, local expertise and two highly prospective projects it certainly has significant blue sky potential to advance up the table and reward investors prepared to take on the political risk.

.

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