Kryso Resources Share Discussion Threads

[onedayrodders] 13/6/2013 10:25

Got it, thanks


meanwhile sad to see the chart has not held :o(

[novicetrade68] 11/6/2013 12:04

Just scroll back a few pages and all the detailed info is there for you.

[onedayrodders] 11/6/2013 11:35

re HK Listing ... apologies if covered before but my shares are held with TDW.
Did someone say here they have confirmed everything will be automatically changed once the new listing is processed and I dont need to vote or action anything ?

TIA

ODR

[carlos panda] 10/6/2013 17:44

Is it surprising that KYS wish to move to HK? Good progress reported, every prospect of an excellent return over the next couple of years and no interest whatsoever in the UK!

KYS clearly isn't dangerous enough for the average AIM punter (addicted as they are to making large losses)...

Is anyone able to provide details of current short positions in KYS? It would be intriguing to see whether the recent share price weakness is due to shorts taken out since the 20/05/13 Zhao Bin holdings announcement. Any such shorts look pretty risky to me as a holdings announcement doesn't mean that he has finished accumulating stock.

I think it safe to say that our Chinese co-investors are probably in a much better position to assess the value of KYS as an HK listed company than us LSE-centric folk. (;

CP

[novicetrade68] 10/6/2013 10:04

Thanks for that link ned - along with the results last Friday I think the story here gets better and better.

[carlos panda] 10/6/2013 09:54

ned

Well spotted - an interesting coincidence indeed. I guess that there are several routes available should KYS wish to raise funds.

The HK listing will be an opportunity to place some shares to cover the enhanced mine plan (HKD 5.50?).

Given the valuations attached to the resources sector at the moment I can almost imagine a very low cost or self-funding acquisition (with subsequent initial development arranged among existing KYS investors and perhaps later from Pakrut cash flow).

It may appear fanciful right now, pre-production, but IMO the key players at KYS see the company as a much larger (500k + oz pa) gold / precious metals producer and they seem to have the connections to make it happen. The world economic centre of gravity has shifted to the Far East and fortunately for us KYS has moved with it.

CP

[ned] 10/6/2013 08:52

Talking of/about M&A!

Macquarie Group visited CNMIM (2013-6-4)

Thanks chip and CP

[mark of the rushes] 09/6/2013 17:11

Thanks for sharing chip

[chipperfrd] 09/6/2013 11:47

CP,

The numbers look pretty good.

They are quoting all-up costs of $576/oz which, by my reckoning includes D&A of c. $11.7m pa. And I assume is also including the 6% NSR to the government.

It is good to see a sensible statement of expected costs including depreciation of Capex.

Payback looks right and I get roughly the same NPV(10) they are predicting. And good to see they are quoting that inclusive of tax at 15%.

Assuming 2016 for first full year at the 2,000t/day rate and 2019 for the first year at the 4,000t/day rate, I get the following estimates of EPS at different gold prices.

PoG ... 2016 EPS ... 2019 EPS
1250 .. 6p ......... 10p
1384 .. 8p ......... 12p (this is the current PoG)
1500 .. 9p ......... 14p
1700 .. 12p ........ 17p
2000 .. 15p ........ 21p

Note: I am assuming that the long-run milled grade will be c. 2.66g/t
Chip

[carlos panda] 08/6/2013 20:42

ODR

No you are quite right but I am assuming minimal production during 2014 (20k oz?) followed by 2015 as the ramp up year. I am a pessimist in these matters!

As ever with KYS, their communication is unclear. Let us hope that their Chinese is better than their English.

[onedayrodders] 08/6/2013 20:16

Carlos....Have I misread

"but construction has commenced and the Company is confident the Project will be brought into production in 2014."

[zboy169] 08/6/2013 14:35

thanks for the input Carlos P. Presumably a further resource upgrade impacts the metrics again? I see mine life is up from 14 years to 19 years now... and we will hopefully add more to the JORC resource very soon so possibly due a further update - hopefully as the resource grows we benefit from economies of scale and the NAV increases.

[charles clore] 08/6/2013 13:45

Well it looks like game on. The increased costs are not a surprise and still leave plenty of margin for profitable mining. I think there will be considerable interest in KYS from the Chinese sector over the coming months.

[carlos panda] 08/6/2013 08:25

ODR

I think you meant 2014 with production commencing in 2015?

Zboy169

I intend to rework my forecasts over the weekend but the $576 comes as no surprise if you apply 10% compound to the original $377. Also, the new figure includes depreciation & amortisation costs. Furthermore, the sustaining capex looks reasonable.

[onedayrodders] 07/6/2013 22:18

Yep cost per ounce up for everyone with some large miners with higher costs per ounce under real threat of closing down which will ironically increase the prices of gold as it will create physical shortages.

[zboy169] 07/6/2013 22:10

costs up per ounce from US$377 in the previous report - wondering if this why we've had an after hours RNS.

[zboy169] 07/6/2013 21:56

Does anyone know offhand how the figures in the revised BGRIMM feasibility study paragraph from this RNS compare to the previous ones? NPV of US$263,863,220 and cost per ounce of US$576 are what's quoted now.
cheers
Zb

[onedayrodders] 07/6/2013 21:01

The Swan speaks in after hours RNS........ok will probably will take all of 2013 for production to start but satisfied we are still an excellent play from here and in good shape funding wise with some hopefully mouth watering Jorc increases and updates inbetween. Yes it's not as quick as we would all like but I don't know any miners junior or otherwise that hits every target date.

Should ensure the floor is well and truly in at 30p and maybe no fireworks on Monday but a steady upward trend from here with the chance of a more serious re-rating on reserve update.

ODR

[carlos panda] 07/6/2013 11:41

Perhaps KYS are now using the Chinese lunar calendar?

They certainly appear to believe that 2013-14 is the year of the mute swan.

[rogash] 07/6/2013 07:54

Sorry, cross out definitely.

[carlos panda] 06/6/2013 15:24

It looks like someone isn't too optimistic about the next news - nearly 2m traded today, with most showing as sales.

On the other hand I can't see any intermediary holding these on his own account so perhaps Zhao Bin is still accumulating.

Lucky for us.

[zboy169] 06/6/2013 07:39

guess that's Friday then

[onedayrodders] 05/6/2013 15:14

thanks for that .. let's hope it was worth waiting for.

[rogash] 05/6/2013 14:50

I understand from Craig Brown that the annual report and update is being released to-morrow or Friday, definitely this week.