To all:
Ted Slanker is a long term gold bug who recommends junior Canadian exploratory mining companies. As you all know these companies have all been dreadful in recent years. But, imagine what would happen to Slanker1s business if the desert dirts succeed. These dreadfuls will all go bankrupt and Slanker is gone. That1s why he bad mouths the dds; offers inaccurate and slanted information and does not do any research or due diligence of his own.
Russell Twiford sent the following letter to Les Reid in response to his recent sell recommendation:
I just received a copy of your latest missile and am very upset with you. I do not appreciate being body-slammed by somebody who I thought was a friend. I realize it is too late to undo the damage that your letter might have caused but just to set the record straight I want to correct a number of blatant fallacies contained in the letter to your investors.
The placer deposit located at the Weaver Creek property was producing gold, in fact there is documentation of gold sold to Johnson/Matthey in Salt Lake City by McFarland and Hullinger, but the gold recovered was not profitable because of the loss in concentrating procedures, so later operation was discontinued. In the meantime, during assaying of various samples, I ran several samples that showed platinum. I tried to duplicate them all week but to no avail, they kept coming and going. However, that is what started me on this long and sometimes tedious trail. Also, I am not really a 3self-madeý assayer. I studied under some of the best, Earl Westerfield in California, Scott Hooten in Phoenix, Mike Thomas in Denver and Chuck Milligan in Phoenix just to mention a few.
Inco1s geologist was from Ontario, Canada and the reason they stopped working with Global was this: They had so much internal strife they had to stop. The people in Sudbury refused to cooperate with people in New York at any time, even going so far as to find platinum in the Oro Grands ores and claim it was probably from contamination because they ran platinum samples in their own lab in Canada. The internal strife was so great it finally resulted in the firing of a number of geologists in Denver and Reno.
As far as the Hassayampa, I assayed samples taken from the large stockpile and using the same procedure as when assaying the Weaver Creek ores I came up with about the same numbers which resulted in eliminating a round trip haul of about 120 miles.
The mill, when Global leased the land from Palmer would only run around 1 tpd. GPGI then put in equipment that could do, in theory, 100tpd but elected to work with 5 tpd until proven procedures could be arrived at.
The Belgium1s bought out McFarland and Hullinger1s interest in the Weaver Creek and later lost their interest because they could not come up with their part of the annual expenses but were recompensed with investment stock from Global, so I heard. Global is sole owner of the lease on Hassayampa. GPGI is also the sole owner of the Oro Grande property including the house and furnishings. GPGI is the sole owner of the Weaver Creek property including purchasing the over-riding royalty.
Regarding the reversal (of shares) that was the Belgium1s idea. I was against it and always will be against the reversal of stock.
As far as having a 3homemade garage laboratoryý that is simply not true. I have a completely equipped laboratory with the latest instruments.
The only secret about the process is the catalyst. However, without using the complete recovery process, putting the steps in proper sequence, the catalyst would be useless. I have had top notch assyasers from South Africa and Canada in my lab and they were satisfied. However, a gentleman from South Africa, Mr. Brian Russell, manager of the famous Mintek lab in S.A. for some 10 years, did help me improve my assay procedures considerably. I now use a method which is within the parameters that South African1s use which made the values contained in the ores that I have assayed much more realistic. However, the Canadians were able to duplicate what I did in their own lab. I have revealed all the processes with exception of the catalyst and I have given that to various qualified assayers, to qualified people like people from Mintek and the Research Council in Canada, a government funded lab, and Dr.Claude Lupis with MIT to list a few.
The next part of your 3missileý dwells primarily on the fact that GPGI kept coming out with announcements that production is imminent but full bore production never happened. I am partly to blame. I make projections of of production and give them to Management and they give them to the public. But until now my projections have fallen flat due to a number of facts, primarily the inefficiency at the mill to carry out certain procedures. I cannot and will not point a finger at anybody but myself but these inefficiencies have been been corrected finally.
You and I both know that a shipment of concentrates once every month or so does not cut it in the credibility department even though GPGI was paid for shipments to Eastern Smelting in Mass, Auric in SLC, Sabin in New Jersey and Engelhard in CA. GPGI has to come up with a method to get into the production mode on a regular basis and finally, after all the unkept promises and 5 years of trial and error they have done so.
We now have a method that will allow us to bypass the very time consuming and costly electroplating procedure thereby eliminating the anode sludge. By using two certain resins recently developed by several major chemical companies we are able to dissolve pregnant copper metal and pass acid solution through the resins. The first resin catches the gold, platinum and palladium and the second resin catches the rhodium. The resin recovery system has been in use for years and is presently employed by a number of mining companies. The pregnant resin can then be sold as is or it can be fumed by GPGI and either sold as a precious metal mixture of powders to refiners like Johnson/Mathey or Engelhard. Or, if time and money permit and a refiner could be found and hired by GPGI, each metal could be put into 800-900 fine purity at the GPGI plant and further ferined to 999 purity by a major refiner.
GPGI has hired an excellent engineer, Mr. Paul Skinner, with a very impressive resume, to put the the plant into a production mode. A big difference has already been made. Instead of working at a 10% to20% efficiency we should very shortly be working at 80-90%.
All of the tests conducted at my lab have been positive and larger pilot runs conducted at the pilot plant have proven to be positive. Provided things go as they should, within --- weeks (I have removed Twifordýs time frame in the interest of avoiding the error of the past ) we should be in production at the rate of 5tpd on a continuous basis and as soon as the filter capacity has been upgraded the production will be upped to 10tpd with no need for GPGI to raise further monies
I have spent 18 years with GPGI and the past 5 years in a job I really did not ask for. But I feel we are finally there and production is imminent on a continuous basis which might make the myriad trials and tribulations worth while.
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