The Graystone Company, Inc. (GYST)

[Montanore]

He got that from the company. People need to realize that everything a pink sheet company says does not guarantee it to be true!

The simple fact that their 'projected' gold production is well below what they 'anticipated' is a clue that the data they gathered are faulty. They did not even determine the pay layer. In other words, GYST released a PR about $125 million based on faulty data.

This is not the first time this company has barked out grandiose figures to attract buyers. Do a search using the keywords The Graystone Company+EXPECTS+ANTICIPATES and you'll see earlier PRs with grandiose projected numbers tossed out in order to attract attention to the stock.

Here are just two 'wow!'-inducing PRs. What happened in reality? A small amount of production of gold at a LOSS.

The Company has done preliminary testing on approximately 10-15% of Graystone II. The initial results indicate that the part of Graystone II that was tested may contain as much as 20,000 ounces of gold (or $32,000,000 at $1,600 per ounce).


The Company anticipates that the Suriname project will produce approximately 50 grams of gold per hour or 300 grams per day. This PR was released well over a year ago. So far--NOTHING.

This company is really means to enrich insiders at the expense of shareholders. Oh--but they gave some school supplies to local villagers. That means they are 'good guys.' LOL