Graystone Company Mining Operations UpdateFont size: A | A | A9:00 AM ET 3/12/13 | GlobeNewswire The Graystone Company (OTCQB: GYST) announced today that the Company's heavy equipment arrived yesterday at the mining site Gorila. The mining crew is currently setting up the equipment and expects to begin operating the equipment this week. Once the equipment is operational it is expected that the Company will be able to produce 50 - 75 grams of gold per day.
The Company had previously been limited in the amount of gold it could produce until it filed its environmental impact study with the Ministry of Mines in Peru. The Company filed the environmental impact study on February 5, 2013 and can now begin to fully utilize the heavy machinery in Peru.
As previously disclosed the Company expects to be able to mine 9-10 months per year and we are now in the rainy season. During the rainy season in Peru and virtually all roads around the mining sites get washed out and flood the mining sites.With the rainy reason is subsiding in Peru the Company can begin to mine more days per month to approximately 22 days per month
They posted pics on their facebook of their sluice box at Gorilla, and it's definitely not this item http://sphotos-b.ak.fbcdn.net/hphotos-ak-snc6/224975_475388942513470_514054377_n.jpg they said they were shipping in December 2012, so that means A. It's not there. B. They never bought it. C. It most likely was bs news to get you to buy shares during one of their fraud pump and dumps.
Once again, if you bought shares of this company, then go file a complaint to the SEC about pump and dump scams. Get enough complaints and maybe in the future we can get a class action lawsuit against these bastards.
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