I know that hot rocks come in two varieties, both magnetic and both are electrically conductive. They are also both on opposite ends of the VDI spectrum. If you have equal amounts of both and GB to that you would have a GND of around -47(mid range).
I'm not sure why he would have suggested that anything is not electrically conductive because everything has an electrical conductivity value unless it is an insulator with no electrolyte on/in it such as DIRT, SALT, impure WATER, ect. In other words, everything in the ground should conduct electricity to some extent.
I think it would make more sense if he used ferrous and non-ferrous minerals for his explanation. The fact that the established GND# is only a value determining the ratio of two elements competing with each other seems to makes sense unless it is actually a measurement of only ONE element which could then be MEASURED.