Update On Improvements
2-15-2008
To all stockholders and interested parties,
From the desk of Russell Twiford, Vice President in charge of Research.
The research lab has been working on improvements in the scaled up production for the recovery of gold. We are now ready to initiate these improvements into the production process, starting next week Monday the 18th of February. We have been able to reduce our costs of production by about 90% and our recovery has been increased to around 3 ounces of gold per 1000 gallons.
I personally feel, based on lab results, that we can increase our recovery to 5 ounces per 1000 gallons and possibly as high as 10 ounces, but until it can be done in the larger production tanks it is not “etched in stone” to quote an old saying. We have also developed a method using electrolysis, as used by the United States Mint, to put our final product into three nines purity.
The company contracted with an SEC auditing firm more than a year ago to have the company’s financials brought into compliance. The audit should have been done several months ago but apparently the auditing firm has been running into internal problems which they tell us will be ironed out in the near future.
Your research lab has also renewed working on the recovery of platinum which is now over $2000 per ounce.
You will be kept advised as to our progress via our web site so check back soon for more updates.
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.