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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Webster Groves who wrote (6854)	7/24/1998 9:45:00 AM
From: ddl	Respond to of 14226

WB, This White Powder gold stuff is very controversial. This is a copy of an old thread (early '97) I saved and I place it here without the author's name as he most probably does not want to get bothered with this S---. But he was there a few years ago with a prominent NY investor and this is what he has to say about Groves, GPGI, etc.... good luck... Quote... Hi C.L. I must say when I met you out there in the desert I had no idea of your stature in "virtual reality". You don't look like a money machine. But my sincerest congratulations and deepest respect to you for helping so many make so much recently in these stocks. To everyone else: I didn't mean to open a can of worms here, but I thought the influence of Hudson on all these stocks was better known by everyone. When I say all, that does not include Maxam, of course (and their geologist Hewlit, who thinks it's nonsense). Maxam is claiming only, a very traditional 0.05 opt recovery. GPGI and USPS, in their talks with us, did not mention Hudson specifically, but in both of their investor handouts were copies of Hudson's paper from the internet. Also the GPGI handout had a copy of a patent by Groves and Blackman who were the scientists behind Naxos in the past and CHIP until just this week, if I understand C.L.'s post correctly. Groves and Blackman are definitely followers of Hudson, even apparently eating "white gold" regularly for medicinal purposes. It's their science behind Naxos' initial claims of getting ounces of gold per ton. Groves contract with Naxos had some kind of bonus built in where he would get paid enormous amounts if their recovery turned out to be above a certain number of ounces (2 or 3 as I recall) per ton of ore. Naxos no longer uses Groves, and subsequently their claimed recovery rates have dropped to the more standard <0.10 opt. C.L., I think you were present when we were talking on the CHIP property about how abundant gold is, so much more abundant in the earth crust than main-stream science realizes, what this would do eventually to the gold price, etc. That comes from Hudson and Groves. On the ride out to the property, and at dinner in Las Vegas that night with the CHIP people there was much more talk about Hudson and these New Age gold recovery methods. This is a very important part of the thinking of these guys, or at least it was three weeks ago when I was there, and is something that should be evaluated along side the claims that these companies are making. C.L., I still do not understand why you think this should not be discussed, especially when GPGI, USPS, Naxos, and CHIP all explicitly bring these theories to the table in their presentations to investors. Is it because you think it is unappealing or uninteresting to investors? As an investor I find it very interesting (and very unappealing). I think it is crucial to the understanding of these companies, and that is why I am asking the scientists on these boards to help us sort this all out. Incidentally, just so I don't leave IPM out, at the white tent picnic, I said to one of the officers, that I understood David Hudson was from Arizona. Yeah, his farm is just outside Phoenix, he replied. However, that may well be the extent of IPM's connection to the mysterious and ubiquitous David Hudson. EOM