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.
GYST announced news yesterday afternoon as well!
GYST buys copper ore at 30% below daily spot refinery value
GYST has forged unique relationships that allow the company to buy unrefined copper ore at 30% below daily spot refinery value. This strategy allows Graystone to profit in both rising and falling mineral markets.
Scattered throughout the highlands of Peru, hundreds of villages are all but forgotten by the rest of the world. These villagers live without power, water service, paved roads, or communications and support themselves on small gardens, chickens, and for cash they hand dig for copper ore. Rattling along the treacherous mountain roads, Chinese ore scouts call upon the villagers, buying their piles of copper ore for just 50% of the smelt value. Bypassing the local economy, the Chinese load the ore into containers to be shipped to China for smelting - eventually to end up in a new iPhone or laptop.
In a recent interview with Uptick Newswire, Paul Howarth, CEO of Graystone, described their unique profit niche. Graystone (GYST) is a Nevada based company with mining interest throughout South America. In Peru, they have created a winning scenario for local miners and a win for Graystone (GYST). Graystone has forged relationships with the mining villages, lending tools, fuel, and other supplies to help the villagers succeed. Graystone purhases copper ore from local miners at a 30% discount against daily spot price, then delivers the ore to Peruvian refiners, saving transportation costs and turn time, while maintaining positive relationships with the local economy minded Peruvian Government.
Since Graystone (GYST) buys ore at a discount of the daily spot price, their profit margin is non-correlated to rising or falling metals prices. Their core value propositions are their experience, relationships with the Peruvian mining villages, licensing, equipment, and good-will with the Peruvian government.
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