Tuesday, January 29, 2013 9:11:51 PM
GYST - .0044 x .0045 broke and closed above MA(50) today...
lots of forward looking events from past PR's and more news expected this week...
recently broke downtrend... chart looks set for some upward movement...
QUICK SUMMARY
Since Oct. 2012, 3 months ago they have:
1). Commenced mining on the 988 acre Gorila property...
2). Acquired Graystone IV, now up to 170k oz's or 300M in claims.
3). Bought the equipment to smelt their own gold bars
4). Hired project foreman, manager, 2 crews, support staff, equipment and supplies for the mining camp. Preperation and infrastructure to support 25 workers.
5). Mined 6.3oz's of 85% - 88% gold in first 9 days of production.
6). "Successfully transported initial production of raw gold from the mining site to the refinery in the United States and the Company has received payment from the sale of the gold. The gold's assays came back at approximately 85% pure ...." Sent in heavy machinery.
7). Acquires open pit hard rock gold project in Suriname and pays deposit. "The Company expects that the project will produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month per Pod.... The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month. The Company's goal is to have 4 Pods within 18 months being able to produce 16,000 - 24,000 grams per month or approximately $1,000,000 in revenue each month".
8). Not funding project with common shares.
9). "The Company is in the process of acquiring an excavator to be used on Gorilla; now, that the Company's operations are no longer under the limited production requirements. The company expects that the excavator will increase gold production to approximately 100 grams a day".
"The Company will build a 2 Pod on Gorilla as soon as it obtains the excavator. The 2 Pod is expected to increase gold production to a total of approximately 150 grams per day or approximately $1.7 million in yearly revenues (subtracting purity levels and refining fees)".
10). "The Company expects that it could be mining on Gorilla, Graystone 2 and Graystone 4 for the next 15-20 years. The Company is not including Graystone 3 in these figures because it is not in same immediate area. The company expects to provide testing results on Graystone 3 in the near future."
lots of forward looking events from past PR's and more news expected this week...
recently broke downtrend... chart looks set for some upward movement...
QUICK SUMMARY
Since Oct. 2012, 3 months ago they have:
1). Commenced mining on the 988 acre Gorila property...
2). Acquired Graystone IV, now up to 170k oz's or 300M in claims.
3). Bought the equipment to smelt their own gold bars
4). Hired project foreman, manager, 2 crews, support staff, equipment and supplies for the mining camp. Preperation and infrastructure to support 25 workers.
5). Mined 6.3oz's of 85% - 88% gold in first 9 days of production.
6). "Successfully transported initial production of raw gold from the mining site to the refinery in the United States and the Company has received payment from the sale of the gold. The gold's assays came back at approximately 85% pure ...." Sent in heavy machinery.
7). Acquires open pit hard rock gold project in Suriname and pays deposit. "The Company expects that the project will produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month per Pod.... The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month. The Company's goal is to have 4 Pods within 18 months being able to produce 16,000 - 24,000 grams per month or approximately $1,000,000 in revenue each month".
8). Not funding project with common shares.
9). "The Company is in the process of acquiring an excavator to be used on Gorilla; now, that the Company's operations are no longer under the limited production requirements. The company expects that the excavator will increase gold production to approximately 100 grams a day".
"The Company will build a 2 Pod on Gorilla as soon as it obtains the excavator. The 2 Pod is expected to increase gold production to a total of approximately 150 grams per day or approximately $1.7 million in yearly revenues (subtracting purity levels and refining fees)".
10). "The Company expects that it could be mining on Gorilla, Graystone 2 and Graystone 4 for the next 15-20 years. The Company is not including Graystone 3 in these figures because it is not in same immediate area. The company expects to provide testing results on Graystone 3 in the near future."
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