FS and MD&A Have a look at the new documents on sedar https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027886
I particularly like the last point! btw everything I quoted here is from the MD&A from April 30th 2012
@hotdog, read this document carefully then you will finally see what they have been doing up to now, it's a lot
- about $20mn in the bank at the end of 2011
- "As of December 2011, Stans Energy has submitted all documentation to the Kyrgyz Government.
Due to a 100 day government re-organization period, Stans Energy is still awaiting a decision as
the documentation is still under review."
- "Kalesay. The resampling on the un-weathered sections collected in 2011 has been completed and has been sent for further independent analysis."
-"Historically, Kutessay II also produced lead, molybdenum, silver and bismuth; however, there
was no reliable historical data to quantify the remaining resources of these elements in the deposit
under the rules of JORC. Representative metallurgical testing will help to determine the potential
for these additional byproducts. Currently, this initiative is ongoing."
- "Pilot scale testing is currently being conducted in parallel by VNIIHT (Russian Institute of Chemical Institute of Technology) and by IRC LLC (Information Research Centre LLC)."
-"VNIIHT is currently designing a new technological process for Plant #1 that was used historically for removal of radioactivity. Stans expects to have this design completed in the second half of 2012."
- "The prefeasibility study is ongoing as the engineering works required are being finalized."
"Stans hired the team of experts torestart production of heavy rare earth elements (HREEs) from outsourced concentrates at plant No. 3 in 2012, and to assist the company's engineering team to design a new plant No. 1 (a thorium extraction facility) and a solvent extraction (SX) plant with a 1,500-tonne- peryear capacity. Going forward, the plan is to have both the first module of plant No. 1 and the 500-tonneper- year SX plant in operation by 2013.
Stans Energy has been engaged in a refurbishment program at the Kashka REE Plant since its acquisition on May 26, 2011. Plant No. 3 is expected to be in operation for outsourced concentrates by the end of 2012. Variability in the completion dates for Plant No. 1, Plant No. 3 and the SX plant has allowed Stans to evaluate several possibilities for producing saleable products, providing for greater flexibility in offtake discussions;"