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Graystone Co. (OTCBB:GYST)
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1 Month : January 2012 to February 2012
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The Graystone Company (OTC Bulletin Board: GYST) announced today that its retail division Graystone Gold has sold out of its initial allotment of gold and silver bars. Graystone Gold was launched in January 2012.
Graystone Gold was launched to vertically integrate the Company's business from producing gold and precious metals from its own mines to being able to sell directly to consumers and jewelers. Selling gold and silver through its retail division allows the company to increase its margins by 15-20%. Junior mining companies typically sell ore to refineries for 5-7% below spot price. However, by selling it retail the Company can sell the gold and other precious metals for 10-15% over spot. The Company expects to grow the retail business over the next 8-12 months while operations on our mining properties are being built.
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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