GYST Is today's low float Gold Play
Company: Graystone Company Inc.
Current PPS: $0.28<====Support Level Low Risk Entry Point
Float: 14M <====Low Float Big Gain Potential
10 Day Avg. Volume: 187.5M
About the Company:
The Graystone Company Inc. (GYST) is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. GYST's primary focus of interest is Peru with acquisitions of mineral ore reserves with proven or probable exploration findings of gold, silver, and precious metals/gems. Through their wholly owned subsidiary Grupo Minero Inca, GYST has acquired two strategic properties located near the Peruvian Jungle in a small village called Borja.
The outlook for GYST in 2012 looks promising, their Project Gorilla (Graystone I) and Graystone II have a combined property measurement of 1,200 hectares or 2,965.27 acres where preliminary testing has shown high concentrations of gold. The preliminary testing of approximately 10-15% of GYST’s Graystone II has proven 20,000 ounces of gold is available thus creating a greater interest on GYST’s team to execute further testing. Similarly, the Gorilla Project has recently finished conducting a 23-day long test production, also called bulk sampling, which has given a conclusion of an excess of 300,000 ounces of gold which equates to $500,000,000 at today's gold prices.
Optimistic Outlook for Gold Stocks in 2012
Although 2011 wasn't the best year for gold stocks experts are painting a much better picture for 2012. Analysts are predicting the price of gold to rise over an average of $2,000 per ounce in 2012 aided in part by our weakened dollar and growing global inflation rate.
As the global demand for base and precious metals continues to climb junior mining companies like GYST could be seeing record breaking revenue numbers. GYST's current PPS of $0.28 leads us to believe that it is extremely undervalued for a company involved in an industry that is expected to explode in 2012. Smart traders are grabbing up shares of these undervalued junior mining companies like GYST as they see the opportunity for huge gains in the future.
GYST is the owner of two highly desirable properties in Gorilla and Graystone II. GYST has a total portfolio of 1,200 hectares (or 2,965.27 acres) or approximately 12,000,000 square meters (or 4.63 square miles) of mining claims in Peru. GYST estimates that the two claims could have in excess of 500,000 ounces of gold which equates to $825,000,000 at current gold prices. GYST believes that only about 15% of the claims may be viable to mine. Based on 15% of the claims being viable, GYST estimates the revenue potential could be up to an impressive $125,000,000!!!
Low Float Stock Big Gain Potential
With GYST's low float of 14M it has the potential to show traders big gains in a short amount of time. The expected burst in volume tomorrow could send GYTS's PPS through the roof early. We are urging all members to put GYST on their watch lists tomorrow and to be ready to pick up shares early @ 9:30am EST
The Graystone Company Announces Its Bulk Sampling on Gorilla Indicate Possibility of 500,000 Ounces of Gold
8:00a ET January 12, 2012 (Business Wire)
The Graystone Company (OTCQB: GYST), announced today that the Company conducted 23 days of test mining production ("bulk sampling") on its claim "Gorilla."
Based on the results, the Company has estimated that the average level of gold on Gorilla is 0.76 grams per cubic meter. The results from the 23 days ranged from 0.33 grams per meter(3) to 1.47 grams per meter(3). Based on these initial ranges the Company is estimating that the amount of gold on Gorilla could be in excess of 300,000 ounces (or $500,000,000 at current gold prices); however, additional testing is necessary to determine the total size of the gold deposits and the amount of usable land. A copy of the geological report can be found here: Gorilla Report.
Between Gorilla and Graystone II, the Company has a total portfolio of 1,200 hectares (or 2,965.27 acres) or approximately 12,000,000 square meters (or 4.63 square miles) of mining claims in Peru. The Company estimates that the two claims could have in excess of 500,000 ounces of gold (or $825,000,000 at current gold prices). The Company is expecting that only about 15% of the claims may be viable to mine. Based on 15% of the claims being viable, the Company estimates the revenue potential could be up to $125,000,000.
The Company expects to begin mapping the properties in the next few months. Once the mapping is completed, the Company will devise a plan for production and be able to determine the amount of the claims that are viable to mine. The mapping will also determine if the Company's initial testing was conducted in an area that has a larger concentration of gold than the rest of the property.
The Company acquired 100% of Gorilla for $55,000. The Company owns the claim through its wholly owned subsidiary Grupo Mineral Inca (a Peruvian Corporation). The Company acquired Gorilla prior to GMI being a 100% owned subsidiary and is currently finalizing the paperwork to have the claim transferred into GMI's name. The Company anticipates that it will need to raise up to $750,000 to acquire the equipment and build the necessary infrastructure to conduct mining operations on the claims. The Company expects that it could be mining on these claims for the next 20-25 years.
These results have not been independently verified and were conducted internally to assist in determining if the property contains gold values conducive to profitable extraction. When Company's management evaluates any projects its assumes the market price of gold is $850 per ounce.
No proven (measured) or probable (indicated) reserves have been established with respect to the Gorilla project. Any references to estimated, potential and/or "inferred" reserves or resources, and any estimated values of such reserves, contained in the geological report, or set forth in any other communication (i) do not represent proven (measured) or probable (indicated) reserves within the meaning of Item 102 of Regulation S-K and the Commission's Securities Act Industry Guide 7, and (ii) should not be relied upon by any person in evaluating the Company's prospects at the Gorilla project.
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.a