Just like they lied about the gold.
The Graystone Company Announces Its Bulk Sampling On Gorilla Indicate Possibility Of 500,000 Ounces Of Gold
The Graystone Company (OTCQB: GYST), announced today that the Company conducted 23 days of test mining production ("bulk sampling") on its claim "Gorilla.
I live on 7 acres in Montana. I'm guessing I have 500 ounces of gold underground, too. Heck--it's a possibility!
But the reality is GYST only scrabbled up a few muddy grams at a huge loss. It was a bust.
Or this one. Look at this 'news' about gold production in Peru, implying they are somehow part of it. What a bunch of liars!
March 19, 2012 04:51 PM Eastern Daylight Time
LIMA, Peru--(BUSINESS WIRE)--The Graystone Company (OTCBB: GYST), announced today that Peru's Ministry of Energy and Mining reports gold production in Peru was up 13.2% in January 2012. The amount of gold produced increased to 15,116 kilograms (485,987 ounces) up from 13,352 kilograms (429,298). Additionally, mining companies in Peru invested $7.2 billion in 2011, up 77% from the prior year, the government said. The Mines and Energy Ministry said that mining companies invested $1.39 billion on infrastructure, $1.12 billion on processing plant equipment and $853 million on production.
Last week Graystone's managing director, Paul Howarth, and our operations manager, Greg Murphy, met with the head of the Iquitos branch of the mining ministry in Lima, Peru. They discussed how the ministry could streamline the process to simplify the paperwork for claims and concessions of junior mining companies (such as The Graystone Company). We have been invited back to Iquitos to continue these discussion and also to see what opportunities specially can Graystone take advantage of in Peru's junior mining landscape.