THIS IS A PERSONAL LETTER DIRECTED TO ALL OF THE STOCKHOLDERS IN GLOBAL PLATINUM + GOLD. INC., AND TO MY PGM STOCKHOLDERS WHO ARE NOW STOCKHOLDERS IN GPGI:
As most of you know, I am the vice-president of GPGI in charge of Research and Development activities. However, due to recent physical problems (i.e., a broken leg, a stroke, major artery operation, fractured right hip, and a hip replacement on the left hip) I have not been able to devote the majority of my time to our business. In about three weeks, however, I should be in shape to start working full time again at the site. In the meantime, we have a great crew headed up by a trusted, personally trained consultant who understands what we are trying to accomplish. He has been and is in charge of production, and the entire crew has been working their tails off day and night, to bring this operation to fruition.
As a shareholder, you must understand that even though our initial results were a little low (around one ounce of gold recovered from 600 gallons of aquifer water, which to a major mining company would seem like being in “gold heaven”), we have been able to recover, extrapolated up to 1000 gallons, around four ounces of gold, and I really feel we can exceed those results in the near future.
What you also have to know (or remember, for those who have been with us long enough) is that when PGM merged with GPGI they had nothing but a lot of debt. Now all that debt has been cleared up and within three weeks or so, the company will finally be in compliance with the SEC with the audit completed. We also had some 307 acres of valuable land, which was partially to provide the capital to build our facility and continue the operations. We still hold title to 100+ acres, free and clear.
Scott Gardner, our president, has been devoting his entire time to our company. He has made many wise financial decisions. As an example, he had negotiated the sale of the Real Estate, negotiated interest on the mortgage notes, reduced outstanding debts and set up Gold account with refiner increasing our working capital in excess of $500,000. He has made certain that we have had everything needed as far as our building is concerned and the resources we need to work with.
Now to Robert Nielsen, as he has been grossly disparaged by a lot of you. Mr. Nielsen kept GPGI alive after Richard Jensen had a stroke a number of years back, despite having his own problems and suffering the loss of a number of loved ones, including his brother who recently died while serving his country in Afghanistan. So “kudos” to you, Mr. Nielsen, for your hard work and dedication to GPGI. I personally extend my heartfelt thanks!
I feel it is unfortunate that there are some out there who have decided to “dump” their shares at these very low prices. It is apparent that people do not realize [or believe] that we have a bona fide company concern here. But I assure you that I will do my best to make certain that the stock prices get up to where they belong. I have over 20 years in this project, only about 10 years with PGM Corporation before the merger, but I intend to help make this company successful before I finally retire.
I appreciate you taking the time to read the above and for any of you who wish to contact me, you may do so at tuif04@aol.com.
Best regards,
Russell Twiford
This communication to shareholders and the public contain certain forward looking statements. Actual results may vary materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated reserves, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.