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Will Mining Operations in Peru Produce Meaningful Levels of Gold for Graystone Company (OTCQB: GYST)?

Posted on August 10, 2012 by OTC Equity

With trading volume already topping the 45 million mark and shares climbing as high as 0.01570 during Friday's trading session Graystone Company (OTCQB: GYST) is closing the week in style with both figures representing massive jumps from where they started the week. Shares of GYST were actually as low as 0.00220 on Tuesday but received a nice boost on Wednesday following news that they had completed their initial shipment of gold from Peru. That news release also stated that GYST was expecting to begin mining operations in the next few months, having already identified and in the process of acquiring the necessary heavy equipment to start those activities. Of course the news of the gold shipment wasn't exactly earth-shaking as GYST only shipped about 10 ounces of gold as a means to test exporting methods from Peru to refineries in the United States. While 10 ounces isn't...

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