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Donde esta los osos?
Guess scoop didn’t catch the weather prediction for the weekend. They were prediting snow down to 2,500 feet by Sunday. I don’t think it got that low, but we got about 8 inches of snow here. It cleared up last night and was 16 degrees on my porch this morning! And as a reminder we ALWAYS get snow in April.
Hey, almost forgot to mention the two videos to see and vote your preference. It will help the new video production team and someone will win a quartz and gold specimen for their effort. Why not you? Check NEWS for location of videos.
Alleghany is a quiet little village. Most snow in town has melted. Currently raining, which will wipe out the rest of snow. Henness Pass road for snowmobiles only. Mountain House road closed just past Forest City. Kanaka Creek road passable but a struggle in places. Foote Crossing road open all the way to Nevada County and beyond.
Mine maintenance is staying ahead of mine decay.
Last week closed with an upbeat. On Thursday, miner Reid reported that the pump failed, no water was being removed from the mine. Of all equipment operations in an underground mine, pumping failures cannot wait. They demand immediate attention. One in-line submersible high head pump is handling the water needs but the pump is a long way down the 49 winze.
With the power off Reid did some continuity tests and found a three-phase 480 volt circuit breaker was not acting right. He brought it out of the mine to the shop. Some cleaning etc and it seemed okay; but was this why the pumps shut down or was the motor shot? Tommy knocker luck was with the mine. The breaker was installed, a hike back up to the 800 level, switch power back on and up comes the water. Removing a pump is heavy work and today it was not in the cards.
The cause could be the PG&E power failure during the recent storm.
Scoop got permission to post the draft minutes from the last Director’s meeting.
Original Sixteen to One Mine, Inc.
Regular Meeting of the Board of Directors
Friday, February 18, 2009.The regular meeting of the board of directors was held on February 18, 2009 at the Corporate Office, 527 Miners Street in Alleghany. The meeting was called to order at 11:00 am by President Michael Miller.
Present were Directors Michael Miller, and Scott Robertson, Dan O’Neill attended by speaker phone. Secretary Rae Bell was present and took the minutes.
The minutes of the April 10, 2008 meeting were approved as read as were the December 1, 2008 phone conference minutes.
The year-end financial statements were reviewed. It was noted that income in 2008 was 80% less than 2007. Operating expenses were 56% less in 2008 than 2007. For the year ended December 31, 2008 the company shows a loss of $360,000. The company has very little cash and has been managing to “keep the lights on” with the little bit of slab and jewelry sales that continue.
Regarding the status of the mine, there are four men helping out with maintenance on an irregular schedule. The Mine Safety and Health Administration did an inspection in January and it went well. There was only one paperwork citation which has already been abated.
Under “Old Business” Mike reported that he was very disappointed in the effort to sell the gold collection by Fred Holabird. The catalog was not even published until June and he hasn’t heard from Fred in months. Mike will get documentation in writing that the “deal is off” with Fred. No interested parties were found. The decision has been made to break up the collection and try to sell individual pieces. Dave Connor of Orocal took flyers to the Tuscon Arizona gem show this month.
The Pink Sheet listing has been put on hold.
The MSHA citations mentioned at the last board meeting were negotiated to everybody’s satisfaction with one being dropped and one being reduced.
Under new business, the date for the annual meeting was set for June 20, 2009 by unanimous consent.
The date of record for proxies was set at April 1, 2009.There was a discussion about the possibility of doing either a preferred stock offering or else some type of limited partnership to raise capital. Mike will continue with his research.
There being no further business before the board the meeting was adjourned at 1:00 PM
Respectfully submitted:
_______________________________
Rae Bell Arbogast
SecretarySecond day of sunshine in Alleghany. A series of cold storms swirled above the community, leaving piles of snow four to six feet high in places. Well, in two spots on the mine roads the snow was over twelve feet high. Have you seen the long snow sheds in the old pictures on the Sixteen to One? There was a reason for those structures and its all about snow. They all disappeared years ago.
When the mine started attracting new money in 1979 through 1984, the operators leasing the mine used the old buildings. The big shop no longer had the snow sheds and no one rebuilt them. You know what happens each winter. The snow slides off the metal roofs and forms a huge pile along the road. That’s the first big snow problem. When the new mill was built, the roof must be over 100 feet long and all the snow piles up on the road to the portal. It’s like plowing through a mountain. Reid says, “enough of this. Let’s build snow sheds before next winter NO MATTER WHAT”. Sounds like a good plan.
The roads are open, the power (which was off all over the area for several days) is restored and the underground inspection turned up no new problems except a shorted out phone line. The water level is where it is supposed to be, and the walls are not tumbling down. Maintenance never ends.
The board of directors held a meeting last Wednesday in Alleghany. The annual shareholder meeting is set for Saturday, June 20, 2009 at the mine. Plan for it now. The lackluster response Mike has received for funding opportunities is the biggest concern. A plan to authorize the creation of preferred stock to increase interest is under consideration. Approval must come from shareholders. Seems like a good idea for gold investors to work out an agreement with the company with added flexibility and customized terms.
Spot passed the $1000 mark. Mike is fine with spot at $800 or better. The demand for gemstone quartz and gold is high as is the price. Maybe the increasing spot price will move some lookie-lou into action in finding a good gold opportunity like the Sixteen.
Scoop, however, thinks the adventuresome risk takers disappeared with trillions of lost capital. Where are those titans of industry when needed? Hey, wake up! America needs you now financing our basic industries.Missy the Mine Cat
One morning approximately eleven years ago, I was sitting here at my desk in the Sixteen to One office. Mike’s truck pulled up and he came running in. “I caught a kitten in my raccoon trap”. (Having raccoons in the house gets old fast. They wash their food in the toilet). “Oh” I replied hardly looking up. “What should I do with it?” he asked. I said “You can call animal control and they will take it”. As Mike runs back to his truck he says over his shoulder: “Maybe you should take a look at it”. I knew what that meant. In comes Mike with his “raccoon trap”. He sits the trap on the floor and peering out at us are two bright green eyes. The kitten is a tortoise shell with white feet, a white chest and strikingly long white whiskers. Mike says, “Maybe we should try having an office cat”. At the time Mike’s black cat Blondie was a senior citizen and a kitten would have been too much for her. (She already had raccoons to contend with). Skeptically I agreed; we could give it a try. We let the kitten out of the trap and she was WILD! Not feral wild (she would let us hold her) but freaked out wild. She was jumping around knocking papers off my desk, racing around, and hiding. This wasn’t playful wild, this was scared wild. We knew she might need time to adjust so we just tried to hold her and pet her. Near the end of the day Mike went home to get a litter box and some cat food for the kitten. About twenty minutes later he came back with ANOTHER kitten. This one was a gorgeous calico. The first kitten was delighted to see her sister. (Both kittens were girls.) We just laughed to watch them play and of course both cats ended up calling the office home. The Calico we named Doré and her sister Missy . They had distinctly different personalities. Missy was the most social. Social is an understatement for Missy’s behavior! Later we thought we should have named her Velcro Kitty. Every visitor who walked in the office door was greeted by Missy’s persistent affection. If she could get close enough to your face she would gently pat your mouth with a soft paw.
About six years ago Missy began to lose weight. After many visits to the vet, her problem was still a mystery. Further diagnostics would require a trip to the big city and $1,000 just to get started. We decided against that and fed her a special diet not expecting her to live much longer. About two years ago Mike, now catless decided to take Missy home where she would not have to compete with Doré and the latest addition to our office cat family Felix. (Another story.)
Sadly last Friday on January 30th Mike rushed Missy to the vet because she seemed a little worse. The vet put her down. Mike brought her back to Alleghany and gave her a proper burial last Saturday. Kitty heaven for Missy is a lap to sit on and a hand to rub her head FOREVER amen.
Thanks for letting us know. Sorry to hear it. Would love to see the obit. I’ll let Don Russell know.
Dear Mike, I’m raising a glass for Tom Crary, whose obit was in the S.F.hronicle today. I hope the Mountain Messenger remembers him. That is if you and the paper are still engaged. I haven’t checked in for a long time but as always wish you and the mine well, BC
Look under “news” on our home page for a new post.
Rain in Alleghany. The three feet of snow that we had at the beginning of the month is about gone.
MSHA inspectors made a visit yesterday. Even though the mine is on “maintenance only” status, certain items still must be kept in compliance. The inspection went well, only one “paperwork” citation was issued.
Scoop heard a rumor that the specimen/carving collection will be broken up and pieces priced individually. Watch this web-site for the news.
Down at the mine, it is still pretty quiet. The pumps are going but not much else. WE are all hoping that this is the year we can get a crew mining again!!
Up at the office, a few gold and jewelry sales continue to trickle in. Enough to keep the lights on and the phone bill paid.
The Sierra County Fire Safe council was awarded a grant of $127,000 to create a defensible fire zone around Alleghany. The Forester will be up on Tuesday to meet with Mike. Most of the project is on 16 to 1 land. The Fire Department has been working on this for four years now. Our first application was declined and we had to revise the project. Alleghany will breath a little easier during fire season when the job is completed!
Welcome to 2009. It is welcomed because a line between true and false economic, monetary, sociologic, political, geographic values is visual to all with a brain and the time to read. To recognize the mores, history, culture, philosophy, blue and white-collar affects of this line may take all the New Year to determine true and false. But not for everyone. I already know a bunch that already knows the line, its truths and falsenesses. How will this line influence the Sixteen to One mine?
I drew a similar line years past after determining the above important human influences and behaviors and how they relate to me and my job as president of the mine. Our miners will blast into another pocket, one larger than any so far. It will not be easy to do but it will be done with or without fresh/new help. I just cannot tell you when it will arrive.
Thanks Scoop for letting me and those previous well wishers into your space.
January 1, 2009, just past midnight.
Seasons Greetings!
Happy New Year to ALL!!
Happy Holidays to all from the Islands.
Merry Christmas from the Smiths !!!!
On this shortest daylight day of 2008 and with all the worldwide unknowns, Scoop reports for certainty that it will be a white Christmas in Alleghany. Thanks to miner Reid, the road to the Sixteen to One portal is passable. So as soon as you fence straddlers, gold investors, speculators or just plain adventurers face the realities of the current (and not all that long lasting) fantastic gains to be made in the Gold Sector due to the realities of the current and carefully projected financial scene, plan your trip down this road to the Sixteen to One mine in Alleghany, the most proven gold deposit in the world with the least amount of miners drilling, blasting and mucking its treasurers. Your savings will never be placed in a safer spot, one with class.It will happen in 2009. Don’t you want to be in at its beginning?
“The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationships.” Andrew Carnegie
There is little news to report so have a Merry Christmas as well as a safe one.
Yawn!!! Alleghany isn’t asleep, although you may think so since it has been almost one month since Scoop tapped the computer keys for a report. Sorry about that.
No one seems particularly in a hurry for winter. It’s hard to do when the warm weather continues The six or seven inches of rain two weeks ago eliminated concerns for fires and settled all the new road work at the mine. A grader was transported to Alleghany yesterday to shape the mine’s roads and pull the ditches for run off. The roads have never been in better shape going into winter. This grading will be the final touch for perfection.
The maintenance crew picked up some small pieces of quartz with gold. Some were slabbed for the jewelry market but not nearly enough to fill the back orders. Maybe the crew will get lucky and find a nice chunk worth cutting.
Nothing to report on the sale of the gold collection. With all the hullabaloo about politics and $$$$ and the traditional year-end slow down, Mike is resigned to the likelihood that nothing positive will happen until 2009. Where are those visionaries who have stepped up to secure worthwhile histories for future generations? If you have a clue, tell the guys in Alleghany how to reach them.
Gobble, gobble gobble and have a safe holiday.
Alleghany village gossip.
The maintenance crew and a shareholder spent a couple of days and plugged away in the 1000 plus tons of ore brought to the landing years ago for milling. The reward was only a dozen or so pieces. Not as much high-grade as estimated was found.
Turn some gold detecting pros or hobbyists loose on that pile for a weekend and see what happens. Could be interesting. Could be fun. Could be a shipwreck. Scoop told Mike this afternoon to consider the idea, make a fair entry price and set a percentage share formula. He sighed and said, “Oh, brother! What’s next? How much entrance fee? What about security?” Why bother? Scoop thinks plenty of people would pay $200 to detect this ore pile. So, Mr. Miller, why not?
Thanks Scoop. your updates about the mine and the Alleghany community are greatly appreciated.
Alleghany is experiencing another great California fall, especially today. The villagers are burning their wood stoves at night but the daylight hours are shirtsleeves or less. The Sixteen to One roadwork stirred up a lot of waste rock. Also those 1000-ton ore piles on the landing above the mill have been spread over the landing. After last week’s rain a half a dozen quartz/gold specimens were found much to the gold sales department delight.
Some of the water lines had to be moved to get better erosion control culverts and water bars in place. The worst water situation is the four inch line that runs behind the upper shop. Those shareholders who walk down the path next to the historic superintendent’s house will remember this aged steel pipe. It’s on the list to be changed this week.
Mike says he is getting an increasing number of phone calls from people asking about gold. He added that most of the people are new to the gold game and somehow expect to become a gold dealer, making huge percentage profits by putting gold sellers and gold buyers together. He has a couple of serious inquires from out of the country. Americans with extra dollars to locate avoid gold as if it were the plague. After sixty years of the $$$ being king of the world, they continue to hang on to the belief that the dollar rules the financial world. Maybe they are right. Ha, ha, ha. To everything there is a time and right now the $$$ is out of time.
Scoop plans to look into some history that relates to gold and this old industry. A shareholder called the office this week suggesting that Mike list the gold collection on Ebay. Why not?
The weather prognosticators got it right! Light rain began yesterday afternoon, poured during the night and sprinkles continue today. Now if it clears tomorrow and next week our “Indian Summer” continues, those weather speculators earn a gold star. This rain is particularly great for Alleghany. It settles the dirt and dust and allows anyone needing to reconfigure erosion control before serious weather sets in.
Data regarding the water entering the mine and pumping will help the company plan on using timers to avoid the high rates for electricity during peak hours. It costs less to pump over the weekends and evenings.
Sorry but there isn’t much fresh or revealing activity to report from the mine.
Scoop as well as the mine is quite stable right now. Busy but happily getting ready for the upcoming winter. Mike always tells his crew each year, usually beginning in August, the one thing about mining in Alleghany that is reliable is that winter will come. Just like our furry four legged friends, those who prepare will have a happier time than those who don’t.
How does this relate to the Sixteen to One? A major road repair and maintenance program on the mine’s access roads is completed: grading, bump removal, dip filling refreshed water bars and new culverts. It had been years since the roads saw this much activity. After the first or second rain later on, a few hours with an expert driver at the controls of a blade will complete this significant improvement.
Cash remains non-existent for the beleaguered company. Those nasty (Scoop might add criminal) CDAA lawyers chose to turn the appeal court’s outrageous decision to make Mike and the Company pay for their legal fees over to a Sacramento collection agency. Imagine that! Paying a hefty percentage of the illegal ruling to a Sacramento collection agency instead of negotiating a payment plan. Then the collection agency took the action of taking all the money from Mike’s and the Company’s bank accounts: a levy or something. When Scoop heard this, it sounded like an ongoing harassment plan probable engineered by the criminal lawyers and the lawyer at the collection company, Steven D. Cribb, who initiated the writ of execution. How does one run a business with no banks accounts?
One hundred ounces of gold cleans the balance sheet from these predators. One hundred ounces at the Sixteen to One is not even a breath away. The Sixteen to One, the longest working gold mine in North America operated by the oldest US gold corporation, will not be closing down its gold production operation any time soon. Maintenance goes on. So will production.
Mike has a student trainee helping in the office since David and Rae went to Butte, Montana early July. The maintenance program continues: water held at 1500 level, blackberry bushes and weeds are cut away from powder magazines and other important facilities, self rescuer devices weighed, fire extinguishers re-certified, broken water lines fixed, equipment serviced, second exit maintained and probably more items are taken care of during this period of the company’s history.
The company got an extension for filing its 10-Q with the SEC. The document will be electronically filed tomorrow.
Inquires but so offers for the gold collection. Some out-of-the-country investors are waiting for the US approval of visas so they can come to Alleghany to kick the rocks, talk over plans and make an investment. Ramadan, which started September 2, places travel restrictions that may also delay their trip to the United States.
The tomato crop is great in the community garden and the peppers have become a delicacy when stuffed with cheese and lightly fried. Sierra County DA and his wife must love fried green tomatoes because they walk to the garden for a regular harvest.
The Downieville paper did a
fine job of displaying some
of the specimens. The one at
the bottom of the page (front)
is beautiful!Hot today and lowish humidity. Cedars and Oaks not happy right now. Summer closing into fall. How about that gold fall!
Date line, Alleghany:A clean SUV with federal license plates parked in front of the office this morning and all afternoon. No other autos. Where was Mike’s truck, “Thunder”? He turned out to be with a MSHA mine inspector. The mine elected to change its operational status to “Maintenance”. This status precipitates changes in the federal regulations. For example, if the maintenance program can be done with no miner employees, does that significantly impact regulations and their interpretations?
Late afternoon the fed auto is gone and Thunder is back, so in goes Scoop .The president spies me and says,” The key with interpreting the regulations for an underground hard rock non-gassy mining operation is a subjective honor. It’s a good practice to keep sometimes and sometimes not, as it applies to each mine site and operation. Honor flows from mining’s ancestral hands and minds.” Scoop leaves shortly.
So, the mine has fresh CAL/OSHA and MSHA inspections, which fell onto the Sixteen to One for the first time as a maintenance operation. Rules stay the same but exceptions, qualifications and interpretations don’t. For no employees the current mining is successful in maintaining its maintenance.
That’s it for now. Scoop has his eyes peeled back and on the autos in the parking lot.
Greetings – Just another post wondering why the 16/1 isn’t interested in selling “the collection” in smaller lots? My answer may have been posted on some other thread, but it seems more likely to off-load these specimens for operation capital in multiple sales. In other words, it would be easier to find 10-12 collectors/investors with $300k than trying to move the load in one fell swoop. Even when examined from a working revenue perspective, the mine wouldn’t need all $3.5 mill in one chunk would they? Would not a more reasonable flow of $600k every quarter into 2009 work better? By then, new rich pockets could well be discovered and you wouldn’t even ned to sell the “best of the best”. Anyhow, my bad if this has already been attempted. I wish the best for the future of this unique California gold mine. If you need any marketing/advertising help, just let me know. 🙂
Sounds like the eng. head on
the loader is cracked, not the
block itself.“All things will come to him who will but wait.”-Henry Wadsworth Longfellow. So, this gold mining village waits. We are not waiting for a pocket of gold. We wait for something else. Albert Einstein said it best, “A hundred times every day I remind myself that my inner and outer life depends on the labor of other men, living and dead, and that I must extend myself in order to give the measure as I have received.”
It is quiet in Alleghany and will be until someone who can afford the luxury of owning the priceless gold collection steps up with the cash. Mike is concerned that while many financially solvent people would leap at this opportunity, too few know the collection is available. The catalog is a delight to page through ($10 and you can own one).
Maintenance underground and on the surface is keeping the property safe and whole. It is frustrating to see the summer passing by. Work underground is not climate sensitive. It may take four-wheel drive and some snow removal time but all in all the seasons matter little. There were problems with the water lines, which malfunctioned at the shareholders meeting in June. The lines continue to break for unknown reasons. The water to the portal is off right now because of another broken pipe.
Does anyone have a not needed Cat engine for a 910 Loader? The engine number is:3204445V-10692-4N 303. The crew uses the smaller loader regularly for many applications. Water is leaking into the oil. The block has a crack. It may be forced to visit the cat house for a fix because the guys miss it.
The community garden is doing well: tomatoes, squash, peppers and some ufo’s. This is the first year for a community garden. It adds a nice touch to the front of the office. Life feels as if the community and mine have turned into a Lake Wobegone epic.
Thank You Rockin Robin for the update on the annual shareholder meeting. I am sure that there are many people anxiously awaiting word as to where the mine is headed.
Hydropower would be great asset for the mine. Hydropower is readily available, renewable, and a clean domestic source of electricity. Perhaps most important, it is a clean source of power–it produces no carbon dioxide, sulfur dioxide, nitrous oxides, or any other air emissions. In addition, it produces no solid or liquid wastes. If the 16 to 1 could produce its own hydropower it would reduce the monthly PG&E operating costs of keeping the mine dry. As a side benefit of hydropower, the mine would be contributing to the conservation movement of “Going Green”.
Now if the 16 to 1 could just sell the gold collection, they could be breaking rock again! I look positively forward to the future that soon the Miners will be back in the heart of the mine searching for the next big strike!
Since Scoop, Mike or another shareholder hasn’t reported about the annual shareholder meeting in Alleghany last June 28, I will tell you non-attendees what I saw and heard.
Attendance looked to be about 160-180. About a quarter were first timers. The sky was smoky and the air was foul, yet everyone was in pretty good spirits. Mike told us the meeting would start late because of a large number of late arrivals still checking in. Most of us were seated and since no one moved he offered to tell us happenings that were not scheduled for discussion at the meeting. Even though I’m a regular at the annual meeting, there’s always new and important info and insights for me to learn about my company.
Mike should ask how many in the audience follow the mine’s web site? It would help him selecting areas of interest, promote questions for additional information and use the time for info not already known. One thing is absolutely clear about everyone who speaks for the mine… open dialog and transparency is offered and practiced.
The voting for directors, review of minutes, mine status and financials, which were presented by Director Scott Robertson took about fifteen minutes. Mike updated us about the specimen collection sale. A beautiful catalog was offered to shareholders for $10 not the $25 price by the company in Reno. I bought one for my collection. Oh, I was standing at the gold sales tent when the man who financially helped the Alleghany museum purchase over $27,000 of specimens was commenting about our 100-piece collection. He said that in twenty or thirty years from now people will recognize the value of preserving this one of a kind assemblage of natural and man made art and thank the wisdom of those who made it happen.
Ron Ott, a shareholder and retire hydrologist took the podium. Work on the hydropower progress since last year and PGE is anxious for the mine to get on line with its pelton wheel. He and Mike measured the water flow throughout the year. He determined that the plant would produce $4,000 to $5,000 of electricity per month. He praised the mine for its positive activity in conservation. The equipment and set up may cost $100,000 with a live time efficiency of 20 to 25 years. The shareholders were pleased with Mr. Ott’s news.
The owner of Orocal, a fourth generation family owned business that specializes in gold, David Connor, was invited to speak. Orocal is the largest purchaser of the Sixteen to One quartz and gold gemstone. He said that with gold at its all time high, it is not time to quit. He laid out the stream of additional money created by developing this jewelry market. He spends over $100,000 advertising this in Alaska. Because of the shortage of Sixteen to One production over the last year several years, he is having a hard time supplying the existing market let alone introduce his jewelry to other areas. He said, “Because the Sixteen has gained so great a reputation in this industry it sets the standards.” He reminds us that the mine creates jobs, he creates jobs and his sales accounts create jobs. It is an important industry.
Mr. Connor then said and did two things that surprised everyone and I remember his words, “The way I see it, if God created it in the first place, then He knows where it is so it wouldn’t hurt us to keep asking for his help in finding it. Please pray for the Sixteen to One. There are people who need these jobs.” Then he said: here is a $35,000 check for prepayment of gold/quartz slabs because I believe you will find it.
Ray Wittkopp, the mine geologist was invited to speak. He pointed out some geology of the Red Star project and gave a brief history of facts that support its success. There is a trend of larger pockets of gold as the mine was developed in the higher elevations.
Mike told us about his work with people using side scan radar and how another company has solved some of the technical problems they found years ago with gold detection in the mine. My take…new improvements in computers, detection technology and some seed money to test the equipment will enrich us beyond our expectations.
I liked this meeting as well as any. Also the new pasties lunch was great. If you were there and find things I missed, pipe up. I almost forgot one important item. The fish pond is back on the 800 level.
WE ARE HAPPY TO REPORT THE AIR HAS CLEARED SUBTANTIALLY AS OF TODAY.
SMOKE ALERT!!!
Due to the many fires burning in our area the air quality is VERY bad in Alleghany. We advise that people with any kind of sensitivity to bad air NOT attend the annual shareholder’s meeting.
IF conditions change (which they are not expected to) we will post an announcement here.
Mike was seen driving by with a bunch of school kids today and yesterday. Yep. He’s the new tour guide at the museum. Feedback has been very positive from tour participants!
Weather is cool & partially cloudy in Alleghany.
Glenn Knapp was out rototillering in the new “community garden” located in the old Alleghany School yard now owned by the 16 to 1. It is hard to wait until June 1st to put those veggies in the ground but that is our official “frost free” date! Time to plant!
A draft copy of the 100 piece 16 to 1 collection catalog was recieved at the corporate office yesterday. Hopefully we will see the real thing soon!
More photos of items in the collection were posted on the web-site today. Look under “news”.
1300 pieces of mail addressed to the shareholders of the Original Sixteen to One Mine, Inc. went out of the Alleghany post office yesterday and Monday.
Preparations for the annual meeting are beginning. Two local women who have been baking delicious pastys at Casey’s Place will be providing the lunch this year. Not all pasties are the same. If you’ve had a bad one, give it a second chance because the good ones are really good! Pioneer Pasties is the name of their business. 530-263-4401.
Nothing to report from the mine except the PG&E bill was higher last month thanks to more pumping.
I organized the event for six years and burned out. Drunken miners became a huge liability concern as far as the drilling contest goes. (It only takes a few to create a scene)
Maybe somebody will decide to bring it back next year.
Is it true that Old Alleghany Days will not happen this year. I found it to be a very enjoying day and thought it was quite a successfull event. I have over forty photos on file from last year. Hope it is not to late for Scoop or Rae or someone to put it together !!
It was very hot last Sunday (90’s) and has cooled off progressively throughout the week. The weather forcast is calling for snow showers above 6,000 feet tonight. Such is spring in the mountains. It is weedeating time in Alleghany!
The 10-Q (1st Quarter Financial Statement) was filed timely with the SEC on May 14th. I did the filing from the Public Library in Butte MT. E-mail a note to corp if you would like a copy or click on the link to the SEC site under “The Company”. My page breaks on the SEC site don’t work for some reason so if you want a formatted copy send an e-mail.
The museum had its annual membership meeting last Sunday. Six members attended in addition to three Board Members. Re-elected to the Board of Directors were: Ian Haley, Dr. Ed Metz and Rae Bell.
There will be a small ceremony at the Firehouse in Alleghany today as Fireman’s Fund Insurance Company presents a Grant check to the Department for the purchase of equipment. There should be a photo in the Mountain Messenger next week. I wrote the grant and we got $7,500 for specific equipment requested plus a Thermal Imager that retails for about $13,000.
The 16 to 1 annual meeting mail-out will probably go out at the end of next week. There have been a couple glitches that are slowing things down.
Not a lot to report from the mine. The water level is down and everything is being maintained as well as it can be. Time to start cleaning up for the annual meeting!
Hey Scoop, you might want to lay low after that crack about dented pick-ups. About half of Sierra County might take notice of that one. But, if you were just commenting on Mikes truck… Nope, can’t help you out there, either. Boy, talk about painting yourself into a corner!!!
Mike is working with an old friend, Fred, to market and sell the 100 piece gold collection. Fred has been at the forefront of selling and buying Americana stuff for many years. He also was involved when the sixteen to One contracted with Butterfield & Butterfield (San Francisco) to hold the first gold collection auction way back in 1995.
Mike wanted the catalog in circulation last month, but at last it is in the hands of the printer. The catalog is on eighty-pound glossy paper, 28 pages of high quality photos, descriptions and text. Soon it will be up to some wise, wealthy and fortunate person to purchase the mine’s gold collection for his own. Scoop wishes he were that lucky person.
The mine (underground) maintenance program has been on hold for ten days. A vital part for a broken piece of equipment was ordered out of Canada and has yet to arrive in Alleghany. There is always surface work to do, especially before the annual meeting the end of June.
During the past three weeks some very fancy cars parked outside the mine’s office. The financial situation is very open and transparent and Mike certainly is actively seeking out the most favorable way to implement the work he proposed months ago. Although fancy cars don’t always mean rich drivers, fancy cars are probably better than dented pick-up trucks.
It is an interesting fact that little attention has been given the Gold Sector while the spot price of bullion has been strongly held at all time highs.
Weather report: clear and warm. A week ago the most impressive lightening show surrounded Alleghany. It was the event of the year. No fires were reported.
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