SOURCE: IO Circuit

December 20, 2012 08:30 ET

Graystone Could Add $1 Million a Month in Revenue With New Acquisition

NOTE TO EDITORS; The Following Is an Investment Opinion Issued by the IO Circuit

NEW YORK, NY--(Marketwire - Dec 20, 2012) - The Graystone Company (OTCQB: GYST) announced yesterday that they have entered into a Letter Of Intent to acquire an open pit hard rock gold project in Suriname, the company is looking for an undivided 50% interest.

The Company expects to expand the operations in Suriname 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.

Gold mining has historically been part of the Suriname economy, but today's number of people involved, the amount of gold extracted, and its social and ecological impacts are unprecedented. A joint venture by Alcoa (NYSE: AA) and Newmont (NYSE: NEM) was established and feasibility studies expected to end in 2012 to get a large scale industrial gold mine established in the country with 6 to 7 years.

For more information on Graystone, please visit www.graystone1.com

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