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  • Karen Anderson
    Participant
    Post count: 1

    I just love this thread. I never let a day pass without reading it.:)

    Stephen Wilson
    Participant
    Post count: 1568

    Some thoughts today from the Casey Dispatch:

    On the Institutional Level…
    Since the dawn of human existence, people have grouped together. There’s safety in numbers, and the larger the group, the higher your odds of finding an agreeable mate – not to mention one that is not directly related to you.

    From the earliest days of this lumping together, leaders have been selected – if for no other reason than to give the lumps someone to line up in front of while demanding they “do something” about one problem or another.

    Noisy neighbors? Kid dragged off by a pride of lions, or the wife by some Lothario down the valley? It’s off to El Jefe to complain.

    The top dog, in time supplanted by his or her shaman (shawomyn?), quickly learned to encourage the tribe in their belief that the leadership possessed superior problem-solving abilities, and then to use those beliefs to personal advantage. The world has never been the same since.

    More than ever in today’s world – a world of enlightened democracy – we choose our leaders based on widely held beliefs that they can solve all that ails us. Unemployment may have replaced lions and Muslim extremists the Lothario down the valley – but the net result is the same: a lot of whining and demanding that the head honchos do something.

    To state the obvious, doing something invariably involves taking some sort of action. Back in the old days, the sorts of action to be taken were fairly straightforward. Lions or Lotharios alike were a matter of rounding up the appropriate number of armed lumps and setting off with firm intentions.

    When the shamans came along, the game evolved as the connection between problems and solutions became rather more vague. Volcano spewing hot ash over your crops? A somber dance around the evening fire or the tossing of virgins into the volcano’s maw might be called for – actions that brought no immediate results (unless you were the virgin, that is). In these instances, the shaman could only hope for the best or, if the solution failed to materialize, to try and change the subject.

    In modern society, taking action is not nearly so simple and, in fact, is as often as not entirely and utterly counterproductive. “We want more jobs!” demand the lumps. “And while you’re at it, we want a new truck, too!”

    Faced with being chased out of office and having to actually work for a living, the politicians now occupying the high seats at tribal council fold back their Italian cuffs and set about drafting a steady stream of legislation designed to solve society’s most pressing problems. Or, at least, the problems felt most pressing by a sufficient number of voters to assure the legislators’ victory in the next election.

    Of course, this taking of action – and in a big society with big problems, we are talking about big actions with big consequences – runs contrary to the fundamental tenets of a free market and the rights of the individual. Simply, every new regulation in some way limits some market, just as every new tax or spending program benefits a favored group only by disadvantaging another.

    While I can’t put my finger on the exact point in time that the U.S. government made the shift from a generally laissez-faire attitude to one of steady action – most often meddling, interference, limitations, and obstruction – but it’s been many decades now. And, of course, it’s not just the leaders of the U.S. who’ve been playing this destructive game, but El Jefes the world over.

    It’s not surprising, therefore, that the world today finds itself in such a fix. Or, more specifically, finds itself with problems that can’t be solved by layering on even more government, at least not without triggering dire consequences.

    And that, dear reader, is the good news.

    Stephen Wilson
    Participant
    Post count: 1568

    In a disturbing video, “End of Liberty,” let the truth be told. Check out what is happening to all of us, http://inflation.us/videos.html

    Craig Robson
    Participant
    Post count: 45

    It’s a must to keep Jerry Brown out of the Governors seat.He will do nothing to help the miners in California out,his power lies in the people that have created the mess we are in.
    We need to open 100 of our gold mines up instead of filling then in.I count three publicly traded companies that are producing and about ten that are trying to become producers.
    Meg might not be best but she is a business women and will help get California working again.
    Jerry Brown is part of the problem,always has been and always will be,please tell everyone you know to get out and vote for Meg and keep this blood sucking leach from bleeding us dry……..

    Rick Montgomery
    Participant
    Post count: 331

    The root of this mess is the continued lie to the miss-informed….(I would call them ignorant, but that would be a misnomer, since they have been lied to)…but also, and the same, the voters in every election.

    Here’s the problem. Most regulation has roots within a FARCE, promoting the notion of global-negative-environmental-impact-by-humans. Who is for destroying a Planet, after all?

    I began studying geologic history specifically to discover (no, UNcover) the truth about all doom the doom-sayers play upon us. Follow the money, and the control potential, to uncover the real reason.

    There is no global threat created by humans. That is an ugly, narcisistic and conceited view humanity’s importance. Within the context of the realistic and true analysis measuring extinction events, we humans are meaningless, and should not be fooled into believing such garbage.

    “Hello, I’m here to sell you snake oil, to cure all ailments.”….yes, that guy on the wagon in the mid 1850’s ….

    There have been many ice-ages, and subsequent warming ages, but this political fraudulent farce is trying desparately to not allow it to become known. Check within our public schools and you will find no mention of history in things geologic, but you will find lies that give environmental a front seat in importance. Ask your kids…they’ll tell you the lies they’ve been taught.

    And along the way, remember to check the State Unions who have a vested interest in keeping the farce alive.

    We should be ashamed to get sucked into it all….fox guarding the hen-house……

    Better put, ugly and disturbing as it is, the fake notion of an-Earth-in-peril has allowed The New Regulation “ambitions” of a controlling political opportunistic group of crooks to actually sway the heart-strings of people completely unaware of the truth.

    I want to gag.

    martin newkom
    Participant
    Post count: 180

    We have too many people in our
    gov’ts who come fresh out of
    college with no sense of the REAL
    world, only academics, and all
    they do a good job of is to sit
    and think and create trouble.

    Stephen Wilson
    Participant
    Post count: 1568

    Rick

    You speak the truth.

    The City Council in our town just banned leaf blowers. Ever try raking oak leaves, especially when you live on an acre and a third? Government, wherever, just seems to be senseless in what they create at our expense.

    Included below is one man’s take on what’s going on in Las Vegas with folks who went belly-up depending upon their elected representatives to safeguard them closely in monitoring the mortgage companies and the banks concerning their past practices:

    From Patrick.net

    (We)live in Vegas, we have 3 houses here and a condo. The houses are all underwater and with the condo, their only worth 45% of what we paid for them 5 years ago. We moved here from NY to save money. The house we’re living in, we can’t get enough rent for to make the mortgage, the other houses and the condo all even out and we don’t have to put any money into them. The job situation here really sucks. The wife and I both work at home so it isn’t a problem for us, but there are tons of unemployed people here and thousands of empty houses. At the beginning of every month, we see moving vans, it’s a very transient place. Only 2 of our neighbors own their homes, everybody else is a renter.

    Yet even with all the empty houses, they are STILL building more. You can buy a new house here for 1/3 the cost of houses that were built 10 years ago. I dunno who is buying them though. There are also hundreds of empty condo buildings around here. You can tell their empty as there are no lights on at night.

    If you’re thinking of moving here, DON’T!

    Rick Montgomery
    Participant
    Post count: 331

    Clarity and wisdom for the future of California lies directly with us, who know the problem. Regulation is killing the private sector.

    Regulation is cloaked in “good-deeds-for-all” as the truth is plain to see…..regulation is a demon, used to sway heart-strings for political motive.

    Stephen Wilson
    Participant
    Post count: 1568

    In a recent CNBC interview Meredith Whitney says, based on her exhaustive research on the financial condition of the States, that California is hurting the most by a mile. At the other extreme, Texas is the best.

    Ms. Whitney alerted the financial world of the dire condition over at CitiCorp months prior to the bank’s shameful stock performance that almost hit zero, down from 50.

    The bottom line appears quite likely that California’s financial condition is far worse than the politicians are letting on. California Municipal bonds are an item that should not be in your portfolio.

    Stephen Wilson
    Participant
    Post count: 1568

    The founder of Home Depot, Bernie Marcus, explains how disconnected Washington is to the small businessman and how they are being destroyed, contrary to the phony rhetoric that comes from that source.

    http://www.cnbc.com/id/15840232?video=1593423311&play=1

    Stephen Wilson
    Participant
    Post count: 1568

    Bernanke and Geithner come to mind after reading the true accounting of what really took place prior to the sinking of the Titanic.

    http://news.yahoo.com/s/nm/20100922/lf_nm_life/us_britain_titanic_book

    Stephen Wilson
    Participant
    Post count: 1568

    The following is part of the Casey Dispatch letter today:

    Termites in the Economy

    Dear Reader,

    On average, a termite colony eats the equivalent of about two feet of a 2” x 4” board every year.

    Not a lot in the grand scheme of things.

    Over time, however, their constant gnawing will destroy the integrity of a structure. I can still recall my great surprise when, as a teen living in a surf shack on the Kona coast, the ceiling of my bedroom gave way. One minute, quiet morning – the next, a scene worthy of a Stephen King novel, with tens of thousands of bugs pouring down from on high.

    Termites came to mind yesterday while doing a quick pass through my email correspondence… much of it from you, dear readers. It seemed as though every third email had to do with some new regulation or new government agency started in order to pass some new regulation(s).

    Viewed in isolation, these manifestations of the professional meddling classes might be of little consequence. But when you step back and view them as the swarm they are, you can quickly see that the termite analogy is a good one. Subtly, these termites are eating away at the foundation of America.

    For illustrative purposes only, following is a hastily assembled and woefully incomplete list of just some of what’s going on just behind the smooth veneer of this American life.

    Government Departments/Agencies. I don’t know with any certainty how many different federal departments and agencies there are, but there are a lot. Support for that contention can be found by visiting this U.S. government site containing page after page of links to the various departments and agencies. Not having an abundance of time this morning, I copied the names of just those entities that started with A, B, C, or D.

    And this is just the tip of the iceberg – and many of these entities are umbrella organizations for yet more sub-agencies and departments.

    Believe me, there were over two pages listed. No way I’m going to take up all of our Forum space with them. Their existence is bad enough.

    Stephen Wilson
    Participant
    Post count: 1568

    The following is a short exerpt from today’s Casey’s Dispatch:

    And the mining industry added 8,000 jobs, as you would expect it to. All to the good, until the next round of legislation sends this and other “dirty” businesses back into retreat. (A major overhaul of the U.S. mining regulations was temporarily shelved because the Democrats were concerned it would hamper Nevada senator Harry Reid’s reelection chances. After the elections, expect it to resurface.)

    Stephen Wilson
    Participant
    Post count: 1568

    The following are some beginning exerpts by Vedran Vuk in today’s Casey’s Dispatch article, “Regulation to Nowhere:”

    Regulation to Nowhere
    By Vedran Vuk

    China has some serious economic issues, but many are pointing to the wrong problems. A common culprit is the vast government spending that has created empty cities such as Ordos on the Mongolian border.

    At first, the reckless spending on the empty city seems like the apex of government waste. But in a way, this isn’t so bad. In fact, it is a lesser evil as far as government expenditure goes. The United States has had similar projects on a smaller scale, such as the Alaskan bridge to nowhere.

    Though many were outraged by the bridge, the spending could have been worse. Think about it this way. The bridge to nowhere would have cost nearly $250 million. The result would have been a redistribution of funds to a select few Alaskans and a useless bridge. Sure, it’s a waste. But suppose that instead, the government gave an additional $250 million to the Environmental Protection Agency or to the Internal Revenue Service to hire more employees.

    With a bunch of new environmental busy-bodies to concoct and enforce regulations, we’d certainly be worse off. They would spend their time harassing and intimidating mines, power companies, and other productive industries. As a result, it would become more difficult to operate these important businesses. With more restrictions and obstacles, jobs are lost and costs increase.

    Stephen Wilson
    Participant
    Post count: 1568

    Rick

    I thought you and others might have an interest in the following three part youtube interview of Stefan Molyneus by Max Keiser dealing with the reality of general aggression:

    Rae Bell
    Participant
    Post count: 59

    YES!

    Rick Montgomery
    Participant
    Post count: 331

    As regulation continues to thread its way into the focus of mining gold in this awesome mine, of course a focus on the positive potential discovery is what will succeed.

    This “YES!” is a real one. Another name is optimism.

    Gosh, when we sit back and hear from everyone else with foul pessimism prevailing, as to how we can or cannot do something based on what THEY say, we see the negative, (Fighting upstream living to tell about it is a victory…picture a spawning fish), the real story being to unleash potential success and discard the negative.

    We have a choice:

    To accept the status quo, regulation amuck with over-regulation and boots-on-the-throat?

    Or to pioneer as our country has proven from our founding: self-determination, freedom for our own responsibilities, success and expanding the potential success with growth as a focus…

    This is our choice.

    Rick Montgomery
    Participant
    Post count: 331

    Mike, great point, and I agree. Whoops for going a little too far on the ‘identification part of our worries.’

    New Forum topic to follow…

    David Ingraham
    Participant
    Post count: 69

    I feel that this s not ignorance,but how a solution to your problems of discrimination to mining, wither it be your mine or any bodies else who has a mine in our state. The politics is to make government accountable for their restriction of your rights as well as ours.

    Michael Miller
    Participant
    Post count: 612

    I agree that while politics now become a factor for conducting business more than in years past, gold mining is our Forum foundation. I’ll take the rare step and delete this topic by Friday instead of moving the contents to Miscellaneous.

    No industry can continue to withstand the poor behavior by well meaning government agencies and personnel as the Sixteen to One has encountered for the last fourteen years. One of the secondary reasons for maintaining this FORUM to produce evidence of wrongful behavior towards the Sixteen to One. This is how others will march with us. Let’s eliminate ignorance to broaden support for this noble gold operation.

    When I go back and reread any topic from first entry to the most recent, I find enough evidence for a reader (negative to mining) to become positive or neutral.

    Rick Montgomery
    Participant
    Post count: 331

    Dave and everyone,

    I didn’t mean to start a political thread, but since I did mention a political party below, it’s my own fault.

    My reason for initating this Forum topic was to connect Scoop’s last topic and this one to the on-going origin of all the gestapo-type regulation and harassment endured by this mine.

    Let’s keep this Forum free from actual endorsements. We all have our opinions, and we are all wise enough to gleen political posture. (Dave, I’m not chastising you for your entry, but instead, considering the interpretation a newbe might gleen from reading this reparte, and I’m encouraging individual thought!)

    “No gov’mint ever made me learn to to support myself.”

    Rick Montgomery
    Participant
    Post count: 331

    Ask casually…talking with everyone in the Unemployment line, or maybe at the PC bus-stop in Davis or perhaps even with your friends and family(but be wary of the backlash):

    “Who is the party of Choice?”

    The cliche has been so co-opted to be an association of the Democratic party that few of us ever stop to consider how co-opted it is. I, with no worries about confronting the offending and completely wrong association, speak up and correct the notion.

    “No, there is no ‘choice’ with the continuing pile-on of gov’ment restrictions, regulation, over-powering non-elected bodies taking out ‘choice’ with a decree of a King.”

    ‘Choice’ somehow has been co-opted by the same party that is motivated to take choice away.

    Another word for “choice” is FREEDOM. What group among us should rightly be deemed the party of Freedom?

    This is a blantant thing. Please share it. When we analyze it, it stares us in the face.

    Stephen Wilson
    Participant
    Post count: 1568

    Senator Patricia Wiggins

    Thank you for your news broadcast.

    I am still awaiting your reaction to my assertion that the Central Water Board is acting inappropriately in attempting to bankrupt one of the companies that our family has an equity interest in.

    I consider the Water Board to be running a rogue operation against part of our wealth just to support their salaries which are derived from fines and penalties just to support their very existence at our expense along with other shareholders of the Original Sixteen to One Mine of Alleghany, California.

    The Original Sixteen to One Mine is an historical gold mining company which has been attacked before by the State. Once the State accused the company, it’s president and mine manager of murder when a miner lost his life while not paying attention to his duties. A judge agreeing with me, dismissed the case that was brought about by one of its agents.

    Never before has a mining company in this country been brought up on murder charges when a miner died in a mine. It is quite obvious to me that Pete Wilson, the acting governor at the time, was looking for labor votes at our company’s expense.

    The Water Board has submitted to the Attorney General a complaint against the company seeking $3,000,000.

    I request an investigation into this matter and into the this rogue regulatory arm of the State.

    Thank you, again

    Stephen Wilson

    David Ingraham
    Participant
    Post count: 69

    They need to put the legislature in jail, together where the can devote much more dedicated time to this problem. Do not let them out till they come up with a plan.

    Rick Montgomery
    Participant
    Post count: 331

    Recently I’ve written here with what seems like a negative vibe. Bringing truth to everyone’s attention isn’t negative, but a chore. Now we move forward.

    Up! (Or down, depending on the dip of the quartz.)

    For everything, there is a time. As frequent writer here, with a heart as wide and deep as every raise and dip and heading in our beloved blessing of a mine, it’s time to embrace and encourage, and no longer be on defense with things legal and negative.

    Mike embodies this positive, and while he’s been at the helm for us all in the never-ending political onslaught of endless CRAP, I know the true spirit he carries….the same as us all, mining this blessing!

    Positive!

    Stephen Wilson
    Participant
    Post count: 1568

    Rick

    You are a valuable contributor to these Forum pages. It is quite apparent that you are well educated and know how to process your acquired knowledge.

    Rick Montgomery
    Participant
    Post count: 331

    The farce embodied by the Global Warming hoax, masquerading as environmental concern, and through yet another non-elected body politic, rendered the safe near-shore drilling and on-shore drilling a mennace to the globe (refer again to the word farce), and along the way subjecting and directing safe exploration and extraction methods to the unobtainable, all in the name of green.

    Nope, can’t drill close to shore, boys, might leak…

    What an insult to our Earth, and any sound thinking for that matter….humans going around pretending that they are more powerful than that which blessed us all with this great wonder.

    LJ, Bluejay is spot on.

    Recall what has driven the rigs to deep water. (By the way, while you are at it, discover for yourself that many other nations are drilling in the same waters and are wise enough to see the hypocrisy put forth by this administration and its vote-immigration-fake-green-ajenda’s actions.)

    Just as Frank and Dodd created the housing melt-down through the mandate of un-substantiated loans to those without a means, so does the environmental movement with its fake global-hoax circus try to sway the heart-strings of the gullible willing to believe such crap.

    This is a disaster. Where is the Bam administration trying to stem the tide of the problem? I see the intentional stalling, for the obvious political gain. Wake the eff up.

    And, this is directly the same tactic used against this gold mine.

    John Vogler
    Participant
    Post count: 11

    Are you really trying to tell me that people were really yelling was “Drill baby drill” (in shallow water)? Next you’re going to try to sell me a bridge.

    Stephen Wilson
    Participant
    Post count: 1568

    Contrary to the charade of TV news or newspaper reporting and the government, supposedly there to help us, one of the biggest cover-ups is now taking place concerning a possible threat to our lives. Toxic flamable organic chemicals are being released into the atmosphere from the British Petroleum’s monstrous blowout. I guess we found out what can happen by drilling in mile deep waters for an additional 25,000 to 30,000 feet into the earth.

    What we have in government today, as Gerald Celente has said, is a bunch high school wants-to-be’s who got a degree in higher education that went on to Hollywood for acting lessons just to maintain their quad standing for continued power and some good money. What they all bypassed was the academy of common sense. Why drill in deep water when massive oil had already been discovered in the North Dakoda, South Dakota and the Montana areas? http://www.nextenergynews.com/news1/next-energy-news2.13s.html

    What these fools may have done is to have opened up the gates of hell by allowing deep drilling in our adjacent water bodies. The air quality around the disaster is so dangerous that a captain of one of the support vessels recently shot himself. Dangerous levels of toxic emissions continue to spew into the air with no end in sight. These life threatening contaminants are about 600 times the safe levels for humans. Heaven help the people of the eastern United States if the remnants of a hurricane carries these toxic substances into their neck of the woods.

    This adminstration will go down in history as being the worst EVER if there are any people around to read about it in the future. People are leaving the Gulf coastal areas in droves because they are getting sick. Forget about any EPA warnings to the people in these areas as no one in the adminstration or in Congress or in Senate have the balls to tell the truth. They just want to keep the status quo. What a miserable circus of incompetents. One of our short wishes should be to get rid of them all.

    If you desire an education of what the air currents will probably be bringing you just search Pastor Linsey Williams, oil spell on the Internet.

    The Bloomberg channel this morning is inferring once the relief well is established things could be under control. Nothing could be further from the truth. Why aren’t they speaking of casing fractures or air quality or other bleeding areas as far away as 20 miles? Why?

    Why aren’t they quoting the Russian Minister of Natural Resources who is saying, this could be it.

    The next bull market will be in Oregon and Washington real estate. These two states, outside of Hawaii, will be the destination of many families as the truth continues to seep out. The western coast of Canada looks equally appealing.

    Stephen Wilson
    Participant
    Post count: 1568

    Happy Independence Day.

    The following story concerning the Gulf clean-up clearly depicts why big government must be significantly down sized. Too much power has been granted by us to too many politically greedy incompetents.

    http://online.wsj.com/article/SB10001424052748703426004575339650877298556.html?mod=WSJ_hpp_sections_opinion

    Stephen Wilson
    Participant
    Post count: 1568

    A Steve Wynn commentary from May 29, 2010:

    Stephen Wilson
    Participant
    Post count: 1568

    Dow Jones Averages 9645.92 OFF 86.61

    The stock market is either going to have a very short term summer rally or completely collapse from near current levels over a matter of a few months or so into the 6,000 to 7,000 area of the Dow Jones Averages.

    If we get a short term rally, it would probably end prior to August setting up a decline in investment account values for the following 10 weeks.

    The linked chart below shows the Dow Jones Industrial Averages for the last two years along with two moving average lines: the blue one a 1000 day average and a mustard colored one represents 500 days. If the yellowish 500 day average, currently at 9565, fails to hold DOW prices in here then this market could easily experience a sudden and sharp jolt turning into a monthly waterfall event that Martin Armstrong has already forecast based on market activity from the intraday collapse from May 6, 2010.

    http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=indu&sid=0&o_symb=indu&freq=1&time=9

    Stephen Wilson
    Participant
    Post count: 1568

    Some years back, Mike relayed a story to me concerning the Comex. He said an acquasintance of his had attempted to submit a tender notice for 100 ounces of gold that he held via a contract with the Exchange.

    Comex did everything they could to discourage the man from taking physical delivery. To my mind, the Comex continues to this day in running quasi bucket-shop operation.

    Wikipedia defines a bucket shop:

    Bucket shops specializing in stocks and commodity futures flourished in the United States from the 1870s until the 1920s.[5]. Edwin Lefèvre, who is believed to have been writing on behalf of Jesse Lauriston Livermore, describes the operations of bucket shops in the 1890s in detail[6]. In the United States, the traditional pseudo-brokerage bucket shops came under increasing legal assault in the early 1900s, and were effectively eliminated before the 1920s.[7] However, the term came to apply to other types of scams, some of which are still practiced. They were typically small store front operations that catered to the small investor, where speculators could bet on price fluctuations during market hours. However, no actual shares were bought or sold: all trading was between the bucket shop and its clients. The bucket shop made its profit from commissions, and also profited when share prices went against the client.

    The terms of trade were different for each bucket shop, but bucket shops typically catered to customers who traded on thin margins, even as low as 1%. Most bucket shops refused to make margin calls, so that if the stock price fell even momentarily to the limit of the client’s margin, the client would lose his entire investment

    The highly leveraged use of margins theoretically gave the speculators equally large upside potential. However, if a bucket shop held a large position on a stock, it might sell the stock on the real stock exchange, causing the price on the ticker tape to momentarily move down enough to wipe out its client’s margins, and the bucket shop could take 100% of their investments.[8]

    The Comex clearly does not have physical gold to back up all sales. It is basically just a betting operation where the bettors recently have been stirred up with multi-dollar gold advances and declines.

    Arnold Bock in his recent Kitco.com article, “Where’s the Gold,” does an excellent job in discussing where it is and most probably, where it isn’t.

    http://www.kitco.com/ind/Bock/jun292010.html

    Michael Miller
    Participant
    Post count: 612

    The lead heading of Brent Cook’s article makes a bold statement: Geologic success can only come about if a company is exploring in the right place—a terrain that is capable of hosting a major deposit. His next important point is: Gold mines and discoveries are in Short Supply and that major companies are facing a big problem. He offers the reader a solid opinion: economic gold deposits are extremely rare. He closes,“ Now is the Bad News ”: It Ain’t easy.

    I like what he wrote yet even with his 25 years as a geologist, consultant and investment adviser, he is not a miner with high level management responsibilities. Therein lies a problem for a thorough analysis of a mining operation or exploration proposal. Therefore therein lies the problem for you, the seeker of participating in the current bull market of gold.

    I can add to Brent Cook’s fine knowledge and other writers with similar expertise in the multi-faceted analysis of gold. A key word that Brent used in describing the rarity of gold deposits is ECONOMIC. For financial survival the underlying values of a deposit are reported in various types of “reserves”. Only one is relevant in comparing the risk/reward and return of capital of a proposed operation. It must be provable. This is the life long industry standard for economic reserves. It must pass the economic test. Probable, inferred, resource or hope and gut feelings do not lend themselves to an economic evaluation for investment. They may have secondary value, but if the operations cannot function over time, they are meaningless!

    Mr. Cook closes with the following: “If, for example, you are a company exploring for gold, you have to know where you are, and, more importantly, where you are not in these geologic models. If you are an investor in said company, you had better know too. It means all the difference between making a fortune on what the market has presented you—a sweet spot where the major miners need new deposits and can afford to pay top dollar for discoveries—and missing a real opportunity.”

    Original Sixteen to One Mine, Inc will honor its 100-year or centennial anniversary in 2011. Competent geologists and others familiar with its history in Alleghany, California predict that more gold remains in its properties than the 1.5 million reported ounces mined. A world-class deposit is one million ounces. The company knows where it is and it knows its geologic models.

    The majors have shied away from the Sixteen to One because many in management misplaced their mining balls for security. This is a social complete turn around from the Fred Searles or Maxie Anderson and other mining men of the past. Corporate security and bureaucracy have replaced the spirit of miners. Why? Because the financiers deserted the industry or have invested in foolish non-economic exploration schemes. Money talks and gold mining can be a costly adventure. Less talk…more rock.

    Thanks, Bluejay for introducing Brent Cook. Now I’ll introduce him to the oldest US gold producer and invite him to Alleghany for a look.

    Stephen Wilson
    Participant
    Post count: 1568

    The current politicians, in general, are over-paid losers.

    The following quote from Martin Armstrong( http://www.martinarmstrong.org ) illustrates this point so well:

    “There is no hope that politicians will save us for they only form committees to investigate after the shit-hits-the-fan. They will not risk their career for a future problem that may hit on someone else’s watch. There was a politician and an average man standing on the top of the Sears’ Tower when a gust of wind blew them off. The average man being a realistic-pessimist, immediately sees he is about to die and begins praying while the politician, the ultimate optimist, can be heard saying, “Well so far so good” as he passes the 4th floor.”

    Stephen Wilson
    Participant
    Post count: 1568

    Brent Cook talks about the challenges facing gold miners:

    http://www.kitco.com/ind/GoldReport/jun292010.html

    John Vogler
    Participant
    Post count: 11

    Bluejay: “How do you screw up a place with the growth capability of California?”

    The answer: Rigid ideology will do it.

    Stephen Wilson
    Participant
    Post count: 1568

    California is doomed.

    Still, California isn’t Greece. It’s home to Silicon Valley, Hollywood and a $27 billion agriculture industry. “It’s unbelievable,” says Bob Nichols, CEO of Windward Capital Management Co. in Los Angeles. “How do you screw up a place with the growth capability of California? It’s so dysfunctional.”

    http://www.bloomberg.com/news/2010-06-25/states-of-crisis-widen-as-46-governments-in-u-s-face-greek-style-deficits.html

    Michael Miller
    Participant
    Post count: 612

    To our friend Bluejay and other ‘s upset with the decline in the quality of life in California.

    I feel qualified to answer the question on the previous entry below. It is one man’s opinion but based on a lifetime of schooling, recreating,earning money, serving as a government appointee and an elected government official, alleged felon (thank you CDAA), parent, employer and producer of gold in this great State.

    My faith in the people of California, the natural resources of California and the latent wisdom of all Americans provides me a calmness that better times are ahead of us. I’ll take on that writing task next week.

    Everyone is very business right now readying for the shareholder visit to the mine. The place looks great and the crew has almost finished topping off our preparations. Mining gold is serious business and so are we. And you supporters and advocates help. Thanks for caring.

    Stephen Wilson
    Participant
    Post count: 1568

    Excellent informative conversation with the smart east Texas Mike concerning the Gulf blow-out, a short primer on drilling along with comments on the economy, M1, M2 and M3 money supplies, gold and the banks.

    Texas Overnight with Charley Jones out of Dallas.

    http://www.krld.com/pages/75514.php

    Go to audio
    Select Texas Overnight
    Select interview from 6-21-10

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