May 24 2017
The Graystone Company announced today an update on current mining operations.
CEO M.T. Soeparmo stated, “We have been aggressively expanding our cannabis operations and have additional cannabis related news to share with the investment community soon, but we did not want our investors to forget that the company also has a significant asset and revenue base in the mining industry. Today, we want to take this opportunity to bring our investors up to date on that front.”
Graystone’s mining operations focuses primarily on acquiring properties that require a lower capital investment to begin mining operations. This approach may reduce the size of the deposits that the company can produce, however, by generating revenue from smaller mining ventures, the company can build a solid foundation and the needed infrastructure to undertake larger ventures such as hard rock projects in the future.
Mr. Soeparmo said, “Our current mining operation is located in Suriname and is a 160-acre site. With only 12 acres of that being mined currently, the operation has already achieved break even status. 148 acres is still yet to be mined actively so we estimate a five to seven year life span on the current 12 acres and tested locations with other locations currently being scouted.
Mr. Soeparmo finished up with, “We could not be more pleased with our current business operations. The cannabis business has exploded in a very short time frame and our mining operations provide a sizable long term contribution to our revenue goals. We look forward to sharing more information with investors in the coming weeks including an up to date website that outlines our current business operations, recent press and financials.”
Source: http://www.graystone1.com/