Builds Kyrgyzstan Asset
announced results from a 43-101 compliant scoping study for the Tadybulak Gold-Copper-Molybdenum Porphyry Deposit in
The numbers are interesting:
The stock surged 20% to $.30
on the news, and has since pulled back along with other copper and gold
exploration companies amid rumours of a cooling
Orsu has 40% interest in this open pit mine
project which is located 250km west of the Kyrgyz capital of Bishek.
Orsu specialises in
extracting metals from remote central Asian countries. Its Executive
Chairman, Dr. Sergey Kurzin built Urasia Energy into a $3 billion uranium producer.
Judging from Orsu's modest market cap of $41
million, there is significant doubt that Kurzin
can operate in a politically volatile country rife with ethnic tensions.
But Orsu has a technical team on the ground in
Kyrgyzstan who are currently advancing the
project with no operational set-backs.
In fact, according to the 2009 World Bank Report, Kyrgyzstan is the most
conducive country in Central Asia for doing business.
Last summer's cultural tensions between the Kyrgyz and the Uzbeks have
now subsided. The dictatorial former President, Kurmanbek
Bakiyev has left the country and moderate
President Roza Otunbayeva
oversaw a peaceful democratic election.
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