The Graystone Company, Inc. (GYST)

[Atlanta1]

The Graystone Company, Inc.
November 28
We would to respond to questions about the heavy equipment. The equipment has been shipped from Long Beach and on its way to Panama where it has to be unloaded and reloaded onto another boat. Once it is loaded on the new boat in Panama it will travel to the Port of Lima with stops in between obviously. Once it arrives in Lima it will need to be unloaded and go through customs and then once tha
t is done it does to be put on a truck and go through the jungle to get to the site. All that takes time. There are people who point out the jungle wash plant and ask if that is what cost $300,000. That is amusing to us since it tells us they have no clue as to what things cost. The boats and motors that you Paul sitting in cost $40,000, the pumps that move the huge rocks and gravel from the pit to the wash plant cost approximately $150,000. The system includes motors to move the gravel and rocks and to move water from the rivers, fire hose to move the water, hoses to move the gravel and rocks, clamps, connectors and numerous other parts - all of this we have previously disclosed and discussed. For you edification just one of those motors cost $25,000. The jungle wash plant is used to begin the mining process while we wait for the sluice box and shakers to arrive - but I guess it would be a better idea to just sit and do nothing while we wait for the sluice box – that does not sound like a sound business plan.