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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:
in reply to: Gold Enters Major Bull Market #4384Gold $1248.80 UP $12.40
Silver $19.31 UP $ 0.27Ron Paul questions whether there’s gold at Fort Knox, NY Fed
By Michael O’Brien – 08/30/10 10:21 AM ET
Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.
Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it’s “a possibility” that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.
The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.
“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said.
“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious and even if you are not suspicious why wouldn’t you have an audit?
“I think it is a possibility,” Paul said when asked if there was truth to rumors that there was actually no gold at Ft. Knox or the New York Fed.
Paul had been one of the Republicans to spearhead a broader audit of the Fed as part of the Wall Street reform bill passed through Congress this year. The provision, which was weakened somewhat in the final version, found Paul joining with a number of Democrats to require the Fed to open its books and outline its assets and liabilities.
The gold reserves, which Paul’s new bill would audit, are generally seen as a guarantee on a nation’s currency, but the U.S. moved the dollar away from being tied to the price of gold in 1972.
Paul stopped short of calling for the reinstitution of the gold standard and instead called for the government to allow the use of hard currency — gold and silver tender — alongside the use of the dollar.
“If people get tired of using the paper standard they can deal in gold or silver,” he said.
in reply to: Clips from Alleghany #4383Half the crew is working on extending electrical power from the Tightner 1000 foot station north to the 1064 winze (about half a mile). The budget is tight so the guys gathered wire from the Rainbow mine and other places where it was no longer in use. Power is needed for electric saws. This level requires tender maintenance, which includes timber support. No matter how careful the crew measures posts and lagging and braces, the actual application usually changes the measurements. Driving half a mile underground just to make a cut is bad mining; therefore power is needed closer to the working face.
This morning two men are moving a large transformer from the Ballroom to the 1064 winze. Backs and muscles will be sore tonight.
in reply to: Clips from Alleghany #4382My grpa, Leiter Armstrong and his
brother, John, both being the owners of Armstrong Bros. store
in Alleghany at one point decided
to go mining and leased the Eldorado from H.L. Johnson. Well
they did better at the store than
at the mine. It was sad but they
knew the risks. Luckily we now
haqve metal detectors and $1,200
per troy ounce GOLD.in reply to: Clips from Alleghany #4381Well, To continue, old Jule(s)
Auradou went from san Francisco
to Healdsburg and got involved
with another part of the family
who had vinyards and a winery
and then, the “gold” began to
flow.Later on old Jule(s) being
extremely spent his twilight years
in the hostile at the San Francisco French Hospital where
he was interviewed about his
life. He died there in 1932
just short of his 100th birth-
day. His great grandaughter,
my wife will be giving a talk
at the residence of the French
Consulate on M. Auradou.
The word, auradou, we are told
means “God’s Gold”.in reply to: Gold Enters Major Bull Market #4380Gold $1241.40 UP $5.10
Silver $19.28 UP $0.35It certainly is apparent from the continuing positive action of these two metals that the message is quite clear: the probabilities are increasing that a price surge in gold and silver are forth-coming.
Check out Jim Willie’s recent words of wisdom from kitco’s commentary section.
in reply to: Clips from Alleghany #4379A note to Martin:
Please keep sharing your stories!in reply to: Miscellaneous #4378YES!
in reply to: Risk Management Strategies #4377The securities market is the back bone of the derivative market. Which is why it got in trouble with mortgages being held as securities.
There has been some written news about another type of security which is electric power plants. there is a plan for the government to guarantee loans for development of new electric power plants. once these plants are built they then become security for the power plants them selves as well security for other development such as new housing, or other higher risk ventures. Mining would fall into higher risk ventures.
In the past a hydro electric power was discussed in this forum. I am wondering if it is windy on your hill top?in reply to: Miscellaneous #4376As 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.
in reply to: Miscellaneous #4375Mike, great point, and I agree. Whoops for going a little too far on the ‘identification part of our worries.’
New Forum topic to follow…
in reply to: Miscellaneous #4374I 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.
in reply to: Miscellaneous #4373I 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.
in reply to: Miscellaneous #4372Dave 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.”
in reply to: Miscellaneous #4371Ask 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.
in reply to: Clips from Alleghany #4370What is with your weather? In Alleghany potential rain clouds are moving by today. It is windy and warm right now but last night a light blanket was helpful. The community garden has an abundance of yellow squash, struggling corn and late blooming tomatoes. The apple and pear trees that were planted by gold miners years ago are barren. Everyone could fill a bucket with wild blackberries but not this year. It must be climate change. Spring was cool and sometimes downright cold. This summer is also cool. The local bears may find it tough to fill their stomachs. The young bucks (they really look healthy) are grazing at these lower elevations much sooner than normal. Local squirrels began hiding pinecones and few humans have the winter firewood cut and stacked. Yes America is at a period of uncertainty. It is evident in this mountainous mining camp.
Workers underground at the Sixteen to One have two shifts during the weekdays. There seems to be some bad ground that giving them trouble. But if you see a worker and ask, “What’s up?”, he’s likely to reply, “Just the normal problems It’s no big deal. Mining is hard, it just takes time, have patience.”
What is the California Highway Patrol driving through Alleghany at 5pm on a Friday? A month ago one cruised the community and issued multiple warnings. One guy got chewed out for leaving his jeep unattended whit a battery charger running. One miner got a speeding ticket ($330 fine) for driving above the 55mph limit on the only straight stretch of the 19-mile road from Alleghany to Highway 49. That cost him the equivalent of three days labor. A warning would have been appropriate in this instance.
The final bitch is with the USFS, which refuses to issue operation permits because of a new demand (Unreasonable) by the California Water Agency. Government extortion best describes the situation. It is disgusting! As more people learn what is taking place in the Tahoe National Forest, the outrage may stop this un-American direction of both federal and state employees. For Scoop, over and out.
in reply to: Clips from Alleghany #4369My wife’s great Gr Pa, Jule
Auradou came from France in the
late 1840’s and mined the creek
in Kanaka Canyon and after laying back some overburden found a nugget undeneath which
weighed in at over 20 oz troy.
His exclamation at the discovery
was “Bigre!” in french. Well,
he and his father mined for another 5years and went back
to San Francisco with their treasure and opened a meat packing firm. Later Jules sold
that and moved to Healdsburg
and went into the winery business. I’ve this story before.in reply to: Gold Enters Major Bull Market #4368Those young fellows who come in
the summer to work are pretty
hard to come by. If they catch the “bug” they will return and
make good workers.in reply to: Gold Enters Major Bull Market #4367Those young fellows who come in
the summer to work are pretty
hard to come by. If they catch the “bug” they will return and
make good workers.in reply to: Clips from Alleghany #4366“Who is coming forward to take my place?” This question appeared yesterday on Main Street Alleghany. Scoop overheard Mark and Mike in a conversation about the future of the underground traditional hard rock gold mine’s labor force. “Where is the pride of work and accomplishment that we grew up with?”, Mark pondered. Mark just completed a summer of mining with his son, Steven, who is heading back to school after tomorrow’s shift. Steven entered the work force inexperienced, took it seriously and responsibly. He learned to lay track, drive a trammer, operate a mucking machine, set timber and more. His attendance was first rate. He is trustworthy, polite and willing to learn. He will be missed. Mark wondered, who would take Steven’s place. So does Mike.
The skills of an Alleghany hard rock miner are multifaceted, yet teachable and learnable. It takes willingness for both teacher and student to make it a success. The work is physically demanding. The Sixteen to One has the teachers and is looking for the students. Mark and Mike walked off in the same direction. Who is coming up to take our places?
WANTED: Young Men with a desire to become a gold miner. No experience necessary. Must be eighteen or older. Attitude counts. Apply now.
in reply to: Gold Enters Major Bull Market #4365I think that the Obama admin. if
they haven’t completely broke us
should begin buying gold for the
Ft. Knox depositary.in reply to: Another U.S. precious metals miner goes foreign #4364I think that exposure to the
british market via the upcoming
news article is a splendid idea!!in reply to: Gold Enters Major Bull Market #4363Gold closed out the week at $1215.40.
It appears the metal will continue to be strong above $1210. Jim Sinclair remains confident that $1650 is just around the corner.
in reply to: Another U.S. precious metals miner goes foreign #4362The August 4th Financial Times featured an article by Leslie Hook. She wrote, “China moved yesterday to further liberalize its gold market, increasing the number of banks allowed to trade bullion internationally and announcing measures that will encourage development of gold linked investment products. The move by Beijing’s central bank comes as the country’s investors pour record amounts of money into gold in a trend that is becoming a significant factor in global prices.”
Members of two of the strongest growth economies (India and China) have histories of holding gold as a true storage of wealth. Even without inflationary concerns, the above relaxing announced in China will likely affect the supply/demand price curves that economists love to study.
Still in the world’s richest country, gold is defined as an old barbaric treasure of the past. Who cares? I do not care how gold is defined. Percentage wise, few people actually have a modest gold position. This is unlikely to change. Nevertheless, as a gold producer operating in a gold deposit like the Sixteen to One, the price per ounce of gold is not a driving force with us or even a concern. Low- grade proponents justify an investment on present or future prices. Very uncertain exploration projects are growing and touted in diverse “investment” publications. Be careful out there!
in reply to: Water and Arsenic: which came first? #4361I wonder how politically correct the state is.
Under prop 65 you must post warnings of hazardus chemicals on bussineses.
Now the state charges fees to use state campgrounds in some areas.
This would make these campground a state run business.
But i have yet to see a prop 65 warning sign at any state campground.
From years ago when i played at uranium prospecting i can tell you that i got higher then normal alpha and beta radiation reading at campgrounds and after talking to people that worked in the field of radioactive materials i was told that thorium from Coleman lantern mantels was the cause.
And thorium oxide is listed on the state prop 65 list.in reply to: Gold Enters Major Bull Market #4360Last on gold is $1193.70.
Barron’s had one of their hired guns, Alan Abelson, doing a hacket job on gold this week. Howard Katz did a far better believable hatchet job on Al and his Barron’s relating to the metal that’s available from kitco.com under commentaries titled, “Requiem For Barrons.”
My hat is off to Mr. Katz for having the guts to publicly put the anti-gold rag in its place.
in reply to: From the Sixteen to One Archives #4359The following letters (exchanged 22 years ago) between Bill Fuller and me have as great or greater relevance today. Our efforts to complete the maintenance of the 1000 foot level into the Red Star are only months away. Mining here has been my primary gold target since 1975. I was able to study the maps and records from three different operators. It is a hot area!
History will record Bill Fuller as one of the most competent geologist in the Alleghany Mining District. His knowledge and experiences go way beyond his academic training. He was our company geologist as well as the geologist for the Oriental Mine. He transcends other great men who worked in Alleghany: Henry G. Ferguson, Roger W. Gannet and H.R. Cooke. (See “NEWS” 12-31-2009 on Forum for more).
I hope you gain some insight into Alleghany, the pursuit of gold and our operation. Study them if interested. When the crew’s drill spits out golden corn flakes, I plan to raise a glass in memory of Willard P. Fuller, Jr.
Willard P. Fuller, Jr.
Mining GeologistSan Andreas, CA. 95249
July 17, 1988
Dear Mike:I feel that I should reply personally to your memorandum of July 14th to the Directors.
As to the Company’s goals and policies, I have been on the board only for a short time, and I am not all sure what they are, not having participated in most of the discussions to which to refer.
You state that “Our goal is to produce gold at a profit in order to pay a dividend”, and “Our policy is to protect and enhance the assets of the company…” I agree with the policy statement, but wonder just what the goals are.
I would think that one of our primary goals would be to reinstate dividends. This can only be done by achieving a net profit. So how do we do this?
You suggest that we should try to do this by gold mining on company account, and you project an average annual production of 10,000 ounces for some fifteen years or more. I would like to point out from flaws in your “scenario.” A level of 10,000 or better was consistently obtained by the old company for many years, and I assume that you are using this performance for the basis of projection. So did Royal Gold for the Kanaka lease! This rate of production was maintained in a smoothly operating mine with a highly experienced staff and crew, in a mine that was well developed and which contained no reserves, as such, but a number of blocks of ground with known “prospects” and the promise of production
The Red Star South Block still contains some possibilities of production, but I think that the total that might reasonably be expected above the 1500 level would be within the range of 1000 to 5000 ounces. I note that last January you were hopeful of achieving 500 ounces or more by mid-1989, which I agreed was quite reasonable. In my letter to you of 12-21-87, I asked if you knew what the old company’s production from Oct. 1 to Dec.9, 1965 from the Red Star. Could you find this figure from the old records? That part of the block below the 1500 level is entirely undeveloped, but based on what has been mined above, we might project something in the same range as above the level. That is, the Red Star South might contain a mineable total of 2000 to 10,000 ounces. To project a larger production seems to me to be very risky and unsupportable.
The Red Star North has probably had a production of about 4000 ounces. Certainly some more production can reasonably be expected there, but how do you make realistic projections? I generally use a factor of one times the past production. In view of the large amount of underdeveloped ground, we might increase this by a factor of two. Say 4000 to 8000 ounces.
So we have a total of 6000 to 18,000 ounces of possible production, under realistic expectations, in the combined Red Star block. The Red Star South production can’t be fully brought in until completion of the rehabilitation work and the extension of the Red Star winze to the 1500 level and below. We are now in a better position to estimate how much money will be needed for this. The Red Star North production is contingent upon a substantial amount of drifting, raising and winzing. So there is still a lot of “dead” or unproductive work to be done.
Getting back to your production of 10,000 ounces per year for some fifteen years or more, I don’t think you have any support for such a statement other than what I have outline above. I am not saying that there are no other possibilities of production in the Red Star, and I fully recognize that Forest and the present Kanaka lease, as well as the Red Star, contained “untapped” resources. But we have to very realistic in this business. I also call your attention to the fact that I have given you a “range”. The lower end of the range is just as realistic as the higher end, so please don’t quote me as saying just the higher projection.
As to my opinion of your own capabilities and those of your crew in running a mine, I am not so optimistic as you seem to be. In fact, when comparing these with the old Original’s organization, in would say that the present organization is very limited in capability, and I have serious questions as to its ability to effectively carry out the overall program you propose. However, I would like to reserve final judgment until after the present phase (PP budget) is completed. Up to now, I feel that the work has proceeded slower than it should have, even with the serious problems you have encountered. Remember, you have not yet operated a producing gold mine, and there is lots to be known about such an operation. Mining is a highly complicated business.
I am a little unhappy about your comments and suggestions about raising more money by selling stock (publicly or by private placement) based upon future projections such as you have used. I am afraid I will be of no help in that connection other than referring you to some of the mining companies active in gold.
Personally, I think the ultimate salvation of the Original Sixteen to One lies in letting other operators take the risk. Just take a good look at the Kanaka lease and the results being obtained. We, on the other hand, have a sure income while they are loosing money. We should keep our own company operation very small, and if we cannot achieve production with the present budget plus very limited company funds, we should close our operation down and consider leasing out the Red Star block.
If you wish to discuss any of the above in more detail, I will be most happy to do so. Just give me a call. See you on the 5th.
Best regards,
Bill~xxXxx~
July 25th, 1988
Dear Bill,
Thank you for the prompt reply to my letter of July 14th. It was meant to stimulate a response from directors and to inform them about the degree of assistance each director could offer with our proposed second phase of funding.
I have always been reluctant to project any gold production in Alleghany. It is a very risky business. The Company settled on an annual production of 20,000+ ounces in past years. I have no way of knowing management’s desire; however production in the fourth quarter was usually higher than other quarters. I have been told that annual production was managed and reflected in the higher year-end figures to meet the desired amount.
In my last letter I separated projections and goals. Their uses are not interchangeable. The only projection I made was at the top of the page three regarding annual income from KCJV between $120-200,000. The citing of gold production, income and dividends are goals established to quantify the scale of operation envisioned. These figures, in turn, help me work capital needs forwards and backwards thereby arriving at a comfortable plan.
My goal is to return the Company to “a smoothly operating mine with a highly experienced staff and crew in a mine that was well developed” with blocks of ground that promise production. That is why we are bullish on extending Red Star North all the way to Forest. That is a goal.
Please do no continue to be unhappy about suggesting to raise money “based on future projections such as you have used” (Page 2 of your letter to me). I never contemplated selling any stock on these or any other projections because (1) Use of projections is not allowed in security regulations. (2) My discussion of production levels is tied into goals not projections. After fourteen years of active work in Alleghany I understand the limits of using gold productions in forecasting gold projections. Goals are different. Without goals the Company drifts.
Your final paragraphs indicate we have a policy difference. I know of a number of small companies (like Original Sixteen to One) with less promise who find themselves functioning as a lessor. We have moved into the arena of operator and primary gold producer. The interest in our Company has increased because of this. It is not because we have a “safe” passive income, but because we are advancing our operations that the Pacific Stock Exchange approved our listing. The Exchange Listing Committee reviewed Original Sixteen to One in depth before approving our application. We failed to meet any of the requirements and standards and failed by a large margin. Nevertheless, we were accepted. All of our shareholders have been aware of and support the goal of public trading. This opportunity would have been denied if we maintained or increased our position as mine lessor.
I have worked with lessors since 1976. While the quality has improved it remains a vulnerable relationship. Financially, the added risks of operator seem worth the greater potential rewards. Other mining companies such as Ranchers, Hecla, Norsemont, Alhambra, Transwestern and Brush Creek have failed to become producers in Western Sierra County. Countless mining men have spent money and failed individually. I have benefited from observing these operations.
As far as my capabilities and those of the crew, we are still in the embryonic stage of development. I am learning all the time on how to be a competent President. There is no doubt we are limited. We have an operation up and running for under half a million dollars. Nevertheless, what we have accomplished must be positive for all shareholders because the greatest business judge of all, the market place, has treated us well.
You offer a recommendation to close our operation down and consider leasing out the Red Star block if we cannot achieve production with the present budget. We never anticipated getting into production with the PPM money. We raised enough to advance our knowledge about the property with no cushion because the stock was undervalued at $1.30 per share (pre split price). Successfully completing the business plan of the PPM has nothing to do with gold production as a qualifier.
You prepared a range of production for the Red Star. Let’s use the lowest range or 6,000 ounces and a price of $450 per ounce … $2.7 million. If we can drift, raise and stope Red Star north and mine only above the 1500 level we may produce 5,000 ounces (I subtracted 1,000 ounces below the 1500 level). We can break up this ground for $900,000 creating a gross profit of $1,350,000 or about $.50 per share. The risk is we produce nothing. The carrot is we may produce 13,000 ounces at the same cost or about $5 million gross profit ($1.80 per share).
Old shareholders have supplied the company no money yet may receive a $.50 dividend. New shareholders (PPM at $1.30 per share) may get their entire investment back as a dividend. In either case, everyone will have a market place (Pacific Stock Exchange) to sell his stock. This scenario is not offered as a projection. All of the above depends upon funding and carrying out a $900,000 – $1.5 million Phase Two development program. I maintain that the risk of dilution to existing shareholders is worth the reward of profitability. We should immediately put in place a plan for raising money with the following goals:
1. The highest price per share possible
2. The shortest duration of time
3. The last possible moment before we must interrupt our current operation.To achieve these goals I need the very best brainpower from not only our board but also businessmen and women in other fields. I want our meeting in August to focus on plans to accomplish our goals of producing gold at a profit in order to pay dividends outlined in my July 14, 1988 letter to the directors.
I will call you before the meeting so we can continue the discussion we have undertaken.
Sincerely yours,
Michael M. Millerin reply to: Miscellaneous #4357Senator 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
in reply to: Miscellaneous #4356They 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.
in reply to: Gold Enters Major Bull Market #4355Last on gold is $1168.60.
The case for sound money with commentary from Jim Rickards being interviewed by Eric King from King World News. Jim compares current Washington to the final days of Rome (two parts)
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/26_Jim_Rickards_.html
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/28_Jim_Rickards__Part_II.html
in reply to: Gold Enters Major Bull Market #4354Last on gold is $1166.00.
The following are comments submitted to jsmineset.com today:
Dear CIGAs,
Hyperinflation will come overnight as Jim predicts. Forget gradual.
How do you protect assets and food? Hide stuff. Avoid medium profile. The following article describes how bad it got in German hyperinflation and how dangerous it was to even own a painting. Read it all, then plan appropriately.
Harry Schultz
in reply to: How to Approach Thin Veins & Cost #4353Dave, I will. Yup, I agree. (I’t not bragging when it’s true.)
Perhaps you, and all of us can send this page around to those not in the know.
in reply to: Gold Enters Major Bull Market #4352Last on gold is $1162.60.
The following comments by Jim Sinclair from jsmineset.com describe what is happening during this engineered weakness in gold:
Dear Comrades In Golden Arms,
I have said to you many times that the entities that will make the most profit on the gold price will not be the gold community, but rather just those that the community identifies as the enemy, the gold banks.
What is happening now is the set up to that event.
Recently Armstrong questioned publicly if the Goldmans of the world were using his cyclical analysis. Judging from what we have seen the answer is yes by intention or coincidence.
Those wishing to offset their pain on me today have to be defined as the public. The only bulls today are the stone professionals who can see what is taking place in the published numbers.
The gold banks are engineering their short cover and will shift to the long side of gold. It is in fact happening right now as the public panics. The currency market and media will be called into service in order to take gold to and through $1650.
Respectfully,
Jimin reply to: Water and Arsenic: which came first? #4351Mike, and everyone….
Mike’s question, “Does a letter to an elected government worker…” (now, that’s an oxymoron, my words here) “…get more attention than a letter or an email?”
This is easily answered!
They don’t read.
They won’t and don’t , because they hire “staff” paid by us to throw our letters in the trash. Hired by our dime to take our letters in the trash to be sent down to the other trash-bin by a government union employee, next to be picked up by a gov’ment union employee, on and on, all headed toward unfunded pensions, on and on…. (pension fraud, another topic for another day, none too late.)
….and look how completely side-tracked the premise of this topic can/will be co-opted by all the sink-hole crap of endentured servitude.
Please return to the previous entry written by Mike (below). He is bringing to light the heinous disregard for a truly important hand-written letter. Read it! Pass it forward.
These A-holes not only need to be removed in November, but also held responsible, criminally responsible, for the negligence to their oath of office and their complete disregard for the Constitution.
I implore you all to write a comment on this forum, and more, and take action in November to get these leaches off of our backs, out of our lives, and finally out of further encroachment into it all. We need to hear from each other.
in reply to: How to Approach Thin Veins & Cost #4350Rick,
That is the best I have seen written as to the need for a responsible environmentalist to our nation. Please write the Washington Post this statement, It is honorable and to the point to who we are.
in reply to: Stock exchange listing #4349It really is lousy that the
closing of the Pacific Exchange
caused the company problems with
the creation of the “other” mar-
ket. One of these days Mike, our
President will find a solution.
He is pretty clever!!in reply to: How to Approach Thin Veins & Cost #4348I’m an environmentalist…yet evidently not “officialy” because I’m also a conservative with a rational mind…
Huh???
I keep my personal environment clean at home the best I can; I don’t litter, in fact I pick it up, the stuff left by others; I’m not in favor of dirty air or water, in fact I actually prefer clean air and clean water (contrary to those who melt my conservatism into my love for life and somehow think I like dirty air and dirty water); I love animals, all of them; there isn’t a toxic waste-site that I wish wouldn’t have happened; and I can go on and on and on…..
..and yet, I am labeled (not on this forum but in general) as “hating the environment” because I am a conservative.
Huh??????
This is classic. A classic version of “When did you start hating your kids” kind of box that opportunists with crappy motives stick us in, when they think they can get away with people not paying attention to the truth.
I actually don’t know any anti-environmentalists…except, wait….Hmmm….
Yes I do! The environment of rational thought is under assault! The environment of freedom is under assault; the environment of private sector autonomy is under assault. And yes, the environment of pristine waters of Kanaka creek was breeched by an intrusive magmatic vein of quartz laden with sulfides (ahem…arsenopyrite) during the last volcanic activity up there where Allegany town arrived with the discovery of gold along the way.
That darned environment! Prosecute the environment, NOW!!!
What a farce and blasphemy on reality, when labels are assigned and misappropriated with politcal deeds in mind.
After all, we are all environmentalists. We sleep in the bed we make.
Yet, I, for one, will never rest when a government tries to define my environment. This smacks of why our country won our independence, and why our Constitution was written.
in reply to: Water and Arsenic: which came first? #4346Dear Readers,
Does a letter to an elected government worker get more attention than a phone call or e-mail? Apparently not. I checked with the author of the following letter to California politicians to learn what response he had. He answered, “none”. I am not convinced that our country in a downward spiral that cannot be turned around. I am convinced that voices and letters and publicity impact governmental behavior. I am convinced that a successful gold mining operation at the Sixteen to mine will ignite our economy. The argument and evidence are overwhelming. Small business needs support or at the least governmental neutrality.
Will you get involved and become a progressive advocate? Write, call and email people in government, radio, television and other media. Introduce them to the concepts of Stephen’s letter. Musicians, actors or public personalities, bankers, lawyers or Indian chiefs, your children or parents may find the gold in California worthwhile to pursue and the plight of an historic venerable gold company unjust.
You know my positions: yes to adding to the GDP; yes to blue collar jobs that create more wealth than the wages it takes to do the work; yes to domestic productivity; and yes to responsible natural resource extraction. You are needed to impact the false negative rhetoric. Share your letters with others on the Internet.
Ms. Patricia A. Wiggins
2nd Senate District
50 D Street
Suite 120A
Santa Rosa, Calif. 95404
June 3, 2010
Dear Mrs. Wiggins,I wish to report incompetence at the Central Valley Regional Water Quality Control Board. I will appreciate it if you and your other Senate members direct my complaints to the body that oversees the agency.
I am a shareholder and past director of the Original Sixteen to One Mine, Inc. with office and basically, an inactive gold mine in Alleghany California. The Central Valley Water Board, along with other complaint to follow has been hostile and disrespectful to our Company’s president, Mr. Michael Miller at various Water Board meetings. The board has made it their mantra to financially destroy our company by burdening it with unwarranted legal expenses when we should be spending our limited funds in conducting our business activities.
I am a past broker dealer/member of the Pacific Stock Exchange that conducted my business on the trading floor in San Francisco and was a member of two oversight committees.
The Board’s position is that the company is not performing some 1440 water tests annually. These water tests were required when the mine was milling ore and discharging treated water into Kanaka Creek. In 1988 the mill was shut down and to this day, has not operated. The Water Boards, after being advised that treated water is no longer being discharged into the creek, continued to require the 1440 tests. Is this inappropriate or what? There are many employees at the Central Water Board and you would believe someone would understand this and significantly reduce the required water testing.
Another on-going complaint by the Central Water Board is that the company is responsible for increasing arsenic content in Kanaka Creek. Nothing could be further from the TRUTH.
I am an environmentalist. I do not use chemicals of any kind at my residence nor do I support their use and especially introducing them into any water source, or any lake, or any ocean. While I was director of the Sixteen to One Mine we had a few water experts work on eliminating any form of the naturally occurring arsenic in the draining water from the mine portal when the rainy seasons were present. This was accomplished by letting the runoff escape over iron shavings. The arsenic was contained in the shavings, thus the water runoff did not carry any form of arsenic in Kanaka Creek. The matter of arsenic escaping from the present rocks in the creek is beyond the control of the company. Arsenic is a naturally occurring substance in nature. Even with some small amounts of arsenic already present in the entire running length of Kanaka Creek there have been no signs of it affecting any aquatic life. Even the fish that are caught and consumed in Kanaka Creek have never posed a problem for that folks that eat them.
If the Water Board employees want to earn their salaries then they should concentrate their efforts on the filthy Sacramento River. It is beyond me why they go up into the mountains where practically no one lives and start throwing their weight around where problems don’t exist. Are they looking for easy prey with limited resources to defend themselves to substantiate their existence? If this if true, following an intense investigation, then they should all be relived of their duties and prosecuted by the Attorney General.
What is most shocking concerning the Water Board’s attitude is that the arsenic content of the water in Kanaka Creek where it first starts running over our property until its final exit shows no increase in the content of arsenic. What does this suggest?
At one Water Board meeting Mr. Jason Burke, a California State licensed mining engineer, made presentations along with the aid of graphs. In the following meeting the Water Board distorted what Mr. Burke had testified to a presented. What’s this all about?
I have been advised that the Water Board salaries are directly related to the Board’s sole income in the form of fines and penalties only. Thus the question presents itself, are fines and penalties being accessed against publicly owned companies at the expense of the shareholders just to pay the Water Board salaries when, in fact, this public agency may be grossly over-staffed, as most are, with nothing to do? Oh I forgot, why don’t they clean up the Sacramento River with all the spare time they have?
My family is being financially damaged by the inappropriate and shameful (criminal) actions of the Central Water Board when, in fact, supposedly representing me as one of California residents. I have been advised by a family ex-prosecutor that I have enough information for an action against the State, either as an individual or as a member of a shareholder’s group.
This is a serious matter of abuse of power that the State entrusted to the Central Water Board. I would appreciate being advised in you are interested in pursuing this matter?
Sincerely,
Stephen C. Wilson
666 Ellis Court
Sebastopol, California 95472Cc: Patricia A Wiggins, State Senator
Mark Leno, State Senator
Noreen Evens, State Assembly
Jared Huffman, State Assembly
Wesley Chesbro, State Assembly
Michael Miller, President Sixteen to One Mine, Inc.in reply to: Water and Arsenic: which came first? #4347The assembly person, and State senator, will help only the environmentalist as their record will prove. They are the Socialist Sierra Club representatives and if you expect any thing else from them, you will not get it.
They are from my district, and they are both control freaks. I thought it would be a good idea to have a recall petition for Noreen Evans and State Senator Wiggins. They were the two that authored the dredging moratorium law. Neither of them are friends to free enterprise and mining. They are the cancer that is killing this state using environmental causes to dismantle our rights and freedom. One good thing is that Senator Wiggins is not seeking reelection. Noreen Evans is running for her Senate District.
These past months law enforcement has been busy trying to increase revenue to the state with arrest and and fines from people to pay for their services. When government money is tight, this is one way to earn money to prevent lay offs for the police and the state regulators. This is a problem for courts as it leads to conflict of interest for the arresting officers. May be not, as the judges, too get paid by the tax payer. So the conflict of interest extends even to our court system.in reply to: Clips from Alleghany #4345A federal mine inspector arrived in Alleghany. He was seen driving down the Sixteen to One road. For those unfamiliar with mineral extraction industry in California, each operator (under very specific authority) may qualify for both California and United States government inspections. Cal/Osha hit Alleghany a few weeks ago. Today it is a division of the Department of Labor called MSHA (Mine Safety & Health Administration.
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