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Thursday, January 22, 2015 10:56:26 AM
$GYST 009 gold miners about to break out!!
GYST Restarts Bulk Sampling at Gold Claim as Monthly Expenses Drop
Last Updated: Jan. 21, 2015
(NEW YORK)—The Graystone Company, Inc. (OTC: GYST), an operational gold mining exploration company, has resumed gold bulk sampling operations at its Suriname claim.
The Company confirmed it has restarted bulk exploration operations at its Suriname 3 gold claim following shutdown for holiday season. GYST stands out from most other micro-cap miners as the Company has gone a long way from exploration to actually processing ore and producing gold from its claim.
In addition, the Company monthly expenses have dropped from over $50,000 a month, to around $15,000, with a large majority of that now starting to be covered by the mining production currently underway. The reason for higher cost at start up is the same for almost most small cap miners, the need to obtain equipment, and development of the sites. GYST has gone through that process already having obtained the standard mining equipment such as excavators, dump trucks, pumps, generators, etc., and is now moving from exploration to production.
In early December, the Company announced mining operations had generated around 761 grams of Gold for the month of November 2014. Albeit small, GYST is now what you could consider an operating and producing miner, and not one still in the process of seeking capital to just develop their claim site.
Share Structure
We have confirmed that as of Jan. 21, 2015, the Company had approximately 42,391,521 common shares issued and outstanding, giving GYST a market cap well below $1 million.
GYST Restarts Bulk Sampling at Gold Claim as Monthly Expenses Drop
Last Updated: Jan. 21, 2015
(NEW YORK)—The Graystone Company, Inc. (OTC: GYST), an operational gold mining exploration company, has resumed gold bulk sampling operations at its Suriname claim.
The Company confirmed it has restarted bulk exploration operations at its Suriname 3 gold claim following shutdown for holiday season. GYST stands out from most other micro-cap miners as the Company has gone a long way from exploration to actually processing ore and producing gold from its claim.
In addition, the Company monthly expenses have dropped from over $50,000 a month, to around $15,000, with a large majority of that now starting to be covered by the mining production currently underway. The reason for higher cost at start up is the same for almost most small cap miners, the need to obtain equipment, and development of the sites. GYST has gone through that process already having obtained the standard mining equipment such as excavators, dump trucks, pumps, generators, etc., and is now moving from exploration to production.
In early December, the Company announced mining operations had generated around 761 grams of Gold for the month of November 2014. Albeit small, GYST is now what you could consider an operating and producing miner, and not one still in the process of seeking capital to just develop their claim site.
Share Structure
We have confirmed that as of Jan. 21, 2015, the Company had approximately 42,391,521 common shares issued and outstanding, giving GYST a market cap well below $1 million.
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