To our shareholders and other investors interested in junior mining companies: 

The recent devastation in the world’s security markets has brought junior mining companies, including GPGI, to extreme levels of undervaluation. Given this undervaluation, we thought it would be useful to provide a review of the company’s fundamentals, as well as an update on current operations.

Fundamentals 

GPGI’s main assets are 104 acres of land located near Coolidge, Arizona, valued at  roughly $1,000,000 plus a 6000 sq. ft. steel building and equipment, several homes and  and a proprietary process for extracting gold and other precious metals from ground water. It is this process, of course, and not the real estate, that gives GPGI the potential for very large future profits. 

This process can be described in general terms as follows:

1. Ground water from the aquifer, located below land directly owned by the company, is placed in a tank.

2. A quantity of the metal to be extracted, which ever metal we are after - normally gold, palladium, or platinum - dissolved in acid (aqua regia) is added to the water.  This is known as the 'inquart'.

3. The solution is then treated with various proprietary chemicals and allowed to sit for 24 hours.

4. The solution is then filtered and dried and the original ‘inquart’ is recovered, plus additional gold or platinum, originally present in the aquifer in nano quantities,  impossible to assay by standard methods, attracted to the inquart as a result of the action of the proprietary chemicals.

The process, which is the result of 12 years of trial and error is now consistently producing gold in addition to the original ‘inquart’ amounting to about 1.1 ounce per 1000 gallons of treated aquifer or ground water. We have not been able to run enough tests for platinum, but one preliminary run suggest that the recovery could be greater for platinum, in the order of 2.2 ounce per 1000 gallons processed.