According to local lore, the stones contain a map indicating the location of the Lost Dutchman's Gold Mine. Various claims have been made about the location of the gold mine based on an interpretation of the stones, and such claims appear at regular intervals—though no one has yet recovered a flake of Jacob Waltz's gold. Danny Adams, in 2005, read the map as a coded message and claims the stones were made by
Ted DeGrazia, a painter and art collector rumored to have burned (or buried) a collection of art worth $5 million rather than pay taxes on his property; Adams claims one of the stones reads "Be ready boy, are on a map on Arizona county scale, scale map" and aided by numerological analysis locates the mine in Upper Labarge Canyon. The treasure of paintings, supposedly hidden in the mine, is also connected, somehow, to a conspiracy of 50 businessmen from the Phoenix area to hide DeGrazia's work. In 2007, William and Michael Johnson (originally from Massachusetts) said that they had identified a privately owned cave as the mine, based on the clues left in the Peralta Stones. ==Location==