Lima, Peru, Jan. 29, 2013 (GLOBE NEWSWIRE) -- The Graystone Company (OTCQB: GYST) announced today that the joint ventures has acquired approximately $200,000 in equipment. The equipment is in en route to Houston to be shipped down to Suriname. In the past 3 weeks, the Company has acquired the necessary items to start building the infrastructure to allow production to begin.
The equipment acquired includes the following:
- Diesel 3 phase generator
- 6 inch water pumps
- Hoses, clamps, couplers ad other necessary parts
- Shaker tables
- 4-wheel drive truck
- 2 All-terrain vehicles
- 40 foot container
- Small hand tools
- Electrical supplies
- Food prep and storage
- And other necessary supplies
The Suriname Project
The project, referred to Suriname #1, is approximately 3-4 hours from the closest major city. The project already has equipment on site and expects to begin production in the next 4-10 weeks. The Company expects that the project will produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month per Pod.
The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected to 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.
Source: TheGraystone Company, Inc.