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- in reply to: Clips from Alleghany #6379
Lightning strikes take out Sixteen’s office Internet service yesterday and others in Alleghany. Alleghany is 19 miles from California highway 49. Pavement ends at museum. Hell’s Half Acre is one of three dirt roads out of this remote mining camp. It has no cell phone service, regular phone service bounces off a dish miles away located on Hennes Pass. Now no Internet. Does it get any better than this?
in reply to: Clips from Alleghany #6377Positive hard information about the value and need of a strong mining industry is picking up speed. The next two paragraphs lead a lengthy report you can find at:
thehill.com/opinion/international/444122-mine-us-minerals-dont-undermine-themOver the past 50 years, the United States has ignored and even shunned the importance of its mineral wealth like no other country in the industrial world.
Australia, Canada, Sweden, Russia, China and most other industrialized economies value their mineral resources and use them to their defense and economic benefit, and even for geopolitical advantage. Not so the United States. Indeed, our nation “boasts” a growing list of groups that are openly hostile to extractive industries, especially mining.Wake up America. Wars were fought for minerals from a a neighbors country.
in reply to: Stock exchange listing #6376Dear Mike,
what you are writing is very true. A 17 year old expert opinion is worth a fresh look.And the Toronto Stock Exchange TSXV has grown into the biggest source of venture capital for mining companies worldwide during the last 17 years.
OSTO-Stock would stand out quite tall at TSXV in a comparison to all those junior miners who are listed in Toronto.
in reply to: Stock exchange listing #6375Hello faithful participants in our historic FORUM. I appreciate the experience and wisdom on these pages. I thought I’d read the starting this topic seventeen years ago. It is impressive and worth a fresh look. Enjoy. May 15, 2002 at 2:56AM
05/15/2002 2:56AM
Dear Mr. Miller:I do not feel bad about 16 to 1 loosing it’s listing on the Pacific exchange as it was never a good place to list. Not one of the stock listing services such as Yahoo Finance or AOL Quotes would access any stock listed exclusively on the Pacific Exchange, and most brokers would not track anything on it either due to higher commissions. What is the use of having it listed if the listing can not be accessed? I think one main reason for the lack of trading volume in OAU is it simply was impossible to access for most investors unless they went to your web site and found out it was actually listed. Remember that only 27 stocks (including OAU) were unique to the Pacific Exchange, not making it worthwhile for any automated quote system to access them.
Now, as to where to list. DO NOT list on a Canadian exchange. The most logical one the Canadian Ventures Exchange (CVX) is again another exchange that is not accessed by most Net stock reporting services. Much worse, it is not accessed by the majority of brokerages. When I tried to have my broker at Prudential get some CVX quotes, I was told that no broker in the SLC office had subscribed to the option of accessing CVX quotes as Prudential did not trade in CVX shares, even though they trade in most foreign exchanges. Again, what is the use of being listed on an exchange that no one can access or trade on?
NASDAQ: This was originally just a computerization of the old pink sheets. Unfortunately, they have totally forgotten their roots and have since imposed requirements almost as stringent as the NYSC. This is such a disaster to small companies they set up the “NASDAQ Small Caps” listing for companies who do not qualify (mainly because of low share prices) for main NASDAQ listings but who want to avoid the “stigma” of the NASDAQ BBS – the Bulletin Board System is really the current remaining equivalent of the old pink sheets and serves very adequately for making a market. The only real stigma is that there are no real listing requirements other than at least one broker – somewhere – makes a market in that stock, and thus it attracts companies who do not file annual reports, fraudulent companies, etc. so it is a buyer beware type of listing. As nearly every active stock trader realizes this, it just means a bit more due diligence. As long as OAU continues to meet SEC reporting requirements AND produces hard copy reports and mantains a web site, I do not see any reason for not listing on the BBS. You can try for the “Small Caps” listing part of NASDAQ, but I do not know what the requirements are – it is certainly much simpler to list on the BBS – unlike listing on “Small Caps”, that can be done without any formal exchange approval.
One advantage of BBS over Canadian – all listings are fully accessible by every brokerage, traded by every broker, and listed on every Net stock reporting service. For those reasons, I would personally prefer BBS listing to the old Pacific listing.in reply to: Stock exchange listing #6374yesterday the shares traded at 10 cents, one 1600 share trade, and one 1400 shs.
No big deal, except the increase from the last trade was 99,899.99%
Not many can say they had a stock that went up that much in one day!in reply to: Ideal Time for Facts #6372Hi Rick, nice to see you on the Forum again.
Yes, you began this thread September 12, 2006. I encourage all with curiosity about this little mine that keeps on keeping on to click page eleven, scroll to its beginning and read to the present.
A lot of surface quartz calls your name. Best to you, Mike
in reply to: Stock exchange listing #6371Wednesday April 24, email from Steve, former director and specialist on Pacific Stock Exchange. My reply.
Steve,
Nice to hear from you today. Wow,a trade at $0.0001. This may be the record for market insanity regarding share value.You and I likely know more about the public market for OSTO than anyone. I agree with you, but before going into this trade of 234 at $0.0001 which may not cover the $4.95 trade cost, our move towards a market is underway. Relevant factors affecting gold ownership are under exposed but a strong shadow market exists. Foreign gold players are kicking action as are big gold producing companies. Exploration juniors remain mostly phony; however a few good “penny” stocks are out there. My OSTO shows the 234 volume sale.
Sixteen continues to break tradition, as you wrote. And yes, few, too few know about us. This is changing. The gold market is heading for new territory. Russians, Saudis, Europeans, big producers, South Africa and even USA are active. China already has its yuan backed with its gold market. You know this and much more. Can Blue jay rejoin the FORUM? Your analysis is appreciated by readers, I’ve been told. I miss Blue jay.
Sixteen’s relationships with federal and state agencies have improved. A past negative is neutral. Few small gold companies compare: we produce gold, are operating and permitted. Our country is stable and our mine is patented. Others hype the Exploration theme: promises that take years, if ever, before production. Outstanding shares are huge: 400,000,000 outstanding or more touting their moose pasture. BS: no operating permits and zero revenue.
Many in our small, tight gold industry know about Original Sixteen to One Mine: coal miners in the east, silver miners in Idaho, financial people around the country, even Barrick and Newmont miners know about this traditional gold mine working in California. Memorial week end a conference of geologists is held in Reno. On June 1, fifty are busing to Alleghany for a tour. Their word is Excitement about visiting our historic mine.
The biggest reason promotion stalled is the nonsense of the grey market. How can someone make a buy? Those five, ten and fifteen cent trades could be lawyers cleaning estates or likely between some manipulating towards a low price, pretending that ten cents or less is our value. It isn’t. Fact: An existing shareholder added 10,000 shares at $0.50 a share recently.I am so glad you wrote. I’m with you, let’s get it going!
Mikein reply to: Stock exchange listing #6370all I can say re today’s trade is OUCH! Unless someone was looking to purchase, then maybe they got a good deal…
in reply to: Ideal Time for Facts #6369Ironic, the Topic Title of this thread….Ideal Time For Facts. Given the ongoing onslaught of political opportunism, I knew when I titled this thread it would endure. Congrats to our visions. Wonderful!
in reply to: Ideal Time for Facts #6368Howdy! What a gem of a mine…congrats to the persistence of the vision
in reply to: Ideal Time for Facts #6367Greatest days have multiple facts ! Today is a great day with three facts: the sun is warming Alleghany and Tahoe National Forest;; the miners are sacking gold; positive news to announce to all you faithful readers.
The MSHA District located in Vacaville services the West, Alaska, Hawaii, and Guam. It is a large area and staffing is difficult due to many retiring employees. Experienced youth with a background in underground gold mining is scarce and getting scarcer. This placed our operation and MSHA many times into conflict. We hold different understandings of CFR 30, (the code of regulations) and safety in this specific underground. Following is the third positive fact:
During quarterly inspections in 2018, I opposed fourteen citations in two combined dockets. After months of paper and talk exchanges, MSHA and I agreed to a settlement: fourteen outstanding citations at $3,249 was proposed assessment: four were vacated; settlement reduced to $1180 (63%). Miners continued to disagree with the “potential danger” alleged by the inspectors but settlement makes monetary-sense. Administration Law Judge Margaret Miller signed the “Order Accepting Appearance Decision Approving Settlement” on April 10, 2019. The office received it April 17, 2019. Today is a great day.
in reply to: Clips from Alleghany #6366Hooray!!!
Tree and brush fellers ontracted by PG&E arrive in Alleghany this morning to clear thirty feet around the new substation. The contract calls for no standing trees less than ten feet apart within 100 feet of the substation. The Paradise fire was a disaster which could have been reduced with forest management. Many in Sierra County, part of Tahoe National Forrest, screamed for understory and thinning for decades. Environmental pressure persuaded political and government personnel at the highest levels to ignore. California needs to get with this program immediately. Don’t spend another nine years studying a plan.
in reply to: Clips from Alleghany #6365Happy to help, Scoop! Thanks for the details. (Does anybody know how to retrieve a lost password? I have it stored and hidden in this old computer, but I can’t log in from my phone, as I lost the password)
in reply to: Clips from Alleghany #6362Karld, you just scooped scoop with your entry. According to reliable gossip about 100 ounces. One specimen with 15 ounces of gold sold for $48,195. Scoop needles Mike to write some narrative about each photo. How about that icicle?
in reply to: Another U.S. precious metals miner goes foreign #6364April 11, 2019
Newmont Shareholders Vote to Create World’s Leading Gold CompanyNewmont Mining Corp.’s shareholders voted overwhelmingly to approve the proposed transaction with Goldcorp Inc. Goldcorp’s shareholders have also voted overwhelmingly in support of the combination with more than 97% of votes cast in favor of the transaction. Newmont shareholders approved the increase in Newmont’s authorized common stock with more than 76 percent of the outstanding shares voting for the proposal and approved the issuance of shares pursuant to the transaction with more than 98 percent of the votes cast for the proposal. The transaction is expected to close in the second quarter.
Thank you Newmont, a USA corporation, for moving forward with the organization. How about California?
Men and Mines of Newmont by Robert H. Ramsey identified Fred Searls, Jr as the leader in 1925. “Newmont found a man whose experience and capabilities matched the company’s needs. People who knew him well characterized him as being generous, stingy, courageous, fearful, uncommunicative, forthright, decisive hesitant, intuitive, and pragmatic”. On page 71: In 1931 Newmont bought the Original 16 ti 1 mine near Alleghany, California, a small, very high-grade gold property Searls remembered from his early exploration days. (Factually incorrect: Searls, General Lucius Clay and Bernard Baruch participated in a joint venture with the Sixteen to drive the 1500 foot level north into the Red Star mine in 1964-65.) They found gold but not enough to profit at the fixed price of $35 an ounce. Our crew is working successfully in the area today. Gold is $1298 an ounce.
in reply to: Ideal Time for Facts #6363Mr.Clancy Harman
Chief of Emergency Response
Barrick Goldstrike mineDear Clancy,
Thanks for writing about mine rescue. Your new joint venture with Newmont excited our gold industry. Yes we appreciate Barrick’s ongoing coverage in the event of a rescue situation. In 1986, I was invited to attend a two day presentation in New York by the ten leading gold mining companies. The audience was composed of investment leaders of large asset holding entities from across the United States. Chairmen or presidents were the sole representative for each company. I remember vividly Barrick’s presentation dealing with questions from a vastly unfamiliar gold mining audience of financial entities.Ohio’s rep from teaches or government fund continued asking Barrick’s chairman inane questions. His rage was growing, trying to keep his cool, especially in one area. The lady was upset because her fund could not buy stocks other than US listed companies. She kept hammering him to list. Barrick was Canadian listed. It was painful yet fun to watch and finally the Chairman said, “Until you (US security institutions) get its #*+*^ act together we won’t list on America exchanges!”
HIs reasons were classic: how screwed up the American judicial systems operates at times. He said, “Our operation could be producing gold profitably and the stock price tracks financial results; however if some #*+*^ stock paper players decide to unload and the price tumbles, some lawyer will show up to blame us. Our operation will be the same but now some allegation will spew forth. Until New York (SEC or other, I can’t remember which he identified) eliminates this we won’t be here.” I knew exactly his frustrations. Donaldson, Lufkin & Jenrette branch in San Francisco gave me its invitation to attend with one condition. I could not ask any questions. Those two days, so long ago, were a great inspiration during my early years as president of Original Sixteen to One Mine. The financial world today continues to discount gold as an asset.
Thanks you for helping our little operation keep up with the MSHA rescue requirement. The Sixteen has over 35 miles of underground levels. Our miners have multiple ways to travel in or out of the mine. I understand the regulation. Our operation has shrunk to a disgusting low number of miners. Many old guys live close to Alleghany, if needed for a rescue effort. My point: it is doubtful there will be an emergency requiring your team. But, I invite Barrick to send one or more of its teams to experience a trip in the Sixteen sometime.
The Nevada association of geologists scheduled an underground tour this June. We expect about fifty. Today’s’ gold miners who come to Alleghany marvel at the way we mine, something from the past. This is a unique high-grade deposit, having produced over 1.3 million ounces of gold. Please share my invitation with your Barrick miners. I look forward in hosting the Barrick team inside the oldest and longest operating gold mine in North America.
Thanks again and best wishes. It is impossible to field a mine rescue team in California in today’s mining climate. To my knowledge, no other mines in the Sierra gold belt have a crew. California’s, hard rock, underground gold miners are a rare and endangered species.
Michael Meister Miller
PS: I learned a moment ago that there is a Mike or Michael Miller claiming to be a miner with some questionable facts. In the 1980’s a Michael Miller, a lawyer from New York operated a mine south of Alleghany. He flew around in jets, drove a Rolls Royce and fleeced Johnny Carson and other Hollywood personalities. I’m neither of those guys.in reply to: Clips from Alleghany #6361OSTO’s Facebook page showed some delicious new gold/quartz that was mined about 2 weeks ago. Do we know the quantity that has been mined recently?
in reply to: 16 to 1 Mine #521Group,
I recently had a very disquieting experience that I feel I need to make everyone aware of because it happened to me.
If anyone should receive a phone call from someone purporting to represent the Original Sixteen To One Gold Mine (other than the Mine’s office), do yourself a favor and politely and tactfully terminate the call as quickly as possible and hang up.
Do not become involved in a dialog or discourse with them. They do NOT represent either the mine nor shareholder interests. If you receive a voice mail or e-mail from anyone like that, ignore it. They are not on the up-and-up.
Regards,
Fred M. Cainin reply to: Stock exchange listing #6359Dear “Scoop” and “CW3343”,
During the last few years I was having pretty good luck buying OSTO grey shares through my Vanguard IRA account. They would sometimes take a week or two to resolve but I was getting them nonetheless. Unfortunately, that has been getting harder and harder to do even to the point that I’m not sure I can do that anymore at all. It seems like I’ll put in a buy order Good Till Cancelled (GTC) and it expires again after 60 days and nothing has happened.
I have tried “Googling” for “Buy Penny Stocks” and Charles Scwab came up as one of the best brokers for penny stocks. But when I contacted them and asked them if they would do a certificate for me their response wasn’t so much “no” but more like “hell no”. They’re reluctant to do a cert for any stock but absolutely not for a penny stock. Why? Whatever happened to the old adage “the customer is always right”? If someone is willing to pay for a cert, why won’t they do it?
A few years ago I called Columbia Stock Transfer and asked Michelle if she could tell me the name of a broker who could buy OSTO for me AND issue a cert. She told me of a broker in Idaho (I THINK it was) who might do that. So, I opened an account with them and actually bought several thousand shares from them and later got the cert from Columbia, signed by Michael!
I cannot remember the name of the broker but I do recall that about six months later I got a notice in the mail (along with a check for the balance in my account) notifying me that the outfit had been bought out by someone else and my account closed and liquidated.So, now what? Are there any small brokers left out there who can do this?
Regards,
Fred M. Cainin reply to: Stock exchange listing #6357Yahoo marches to the beat of its own drummer. Nothing changed OSTO’s market dynamics.
When mine was listed on Pacific Stock Exchange, symbol was OAU, pretty cool, huh…original gold.
Go to schwab.com; research. Enter OSTO. Last price was $0.05. No bid or ask. 52 week range $0.01-$0.20. Mike reported Company Profile/Business Summary needed update. Schwab contractor does it.
in reply to: Stock exchange listing #6356Group,
During the last few years I have been keeping track of what our stock has been doing on the Yahoo! finance page. They give you the price on there that was indicated by the last trade and the date of the last trade. They have also provided me with P/E ratios WHEN and IF they applied.
BUT ! ! ! ! (Big BUT) now Yahoo! has completely deleted the “STO” ticker symbol and will no longer recognize it. What’s up with that? Is this something that Yahoo! took it upon themselves to do or has something more serious happened with our stock?
If the OSTO ticker symbol has been deleted across the board it will become impossible to buy or sell “grey” shares on the “pink sheets”.Regards,
Fred M. Cainin reply to: Stock exchange listing #6358Yahoo Finance, at one time, was a great site with a lot of good information. Sometime in 2016 they redesigned the whole thing, and pretty much ruined it. (Part of the ruination of the whole company by Marissa Meyer, former CEO). A lot of Pros in the Finance world used it, especially the oil traders – they loved the message boards. The new site was so bad that we did not use it at all. Instead we used Yahoo Finance Canada, which was still the classic version, until they changed that too, then we used Australia. Finally the whole thing changed – now it is slow, too busy, missing info, and is trying to be like Facebook with the stupid videos and “news” stories. I would not expect Yahoo Finance to improve much, especially now that Verizon owns it.
The company’s stock still trades on the OTCBB, under the same OSTO ticker. I think Fred meant that, instead of STO (which was the old Statoil ticker, until they changed their name to Equinor for some stupid reason).
OSTO still has a quote on the NASDAQ website – I did not try any others. There is never a bid/ask shown, but there usually is several – you have to call a trading desk and they could likely provide that info. I feel that could be one reason for the very low trades we see often, at just a few cents per share. Someone just throws on a “market” order, and they get whatever random price someone comes up with.
in reply to: Clips from Alleghany #6354That Sixteen crew of miners did it again. For anyone doubting their capabilities, dedication and all other traits to be a California hard rock miner, blow it off. You’re ill informed. New 25 HP motor installed and pumping. Replaced a $500 high amp circuit breaker. Sixteen mine has enough power to run Alleghany. Mike said to thank PG&E line man, Armondo, a very thorough technician.
in reply to: Clips from Alleghany #6353Scoop,
I sure hope that PG&E compensates you for this. They did this to my parents one time when they lived in Yountville.
In that case, an errant motorist hit a pole that caused the surge. (Surges happen when a higher voltage wire makes contact with a lower voltage wire or lightning can also do it).
That surge took out Mom & Dad’s stereo, microwave and something else, can’t remember now.
But anyhow, PG&E did reimburse them for their loss.
Regards,
Fred M. Cainin reply to: Clips from Alleghany #6352Heavy snows, winds and poor power line management cause extensive and expensive damages in Sierra County’s Alleghany/Downieville areas. Power surges of 60,000 wasted the main lines. Fifteen PG&E and contractor trucks at a time parked along Ridge Road near the Alleghany dump for days and the new substation in Alleghany. Surges took out Sixteen’s computer equipment and the pumping system. All is expected back working by tomorrow.
in reply to: Stock exchange listing #6351Group,
I can tell you what I really like and respect about Michael Miller. It’s his long-term perspective. He didn’t just try to jump in there, make a fast buck and jump out again.
Someone once asked Warren Buffett, what he thought that the best time frame for holding a stock is. His answer was “forever”. That is what an awful lot of people don’t get. Some people who as of late have shown a major interest in the Original Sixteen to One Mine don’t get it either. Because the long-term perspective is simply not there.
This is partly why there are so many abandoned mines in the West. Not because there’s no gold there (or silver or copper or whatever) but because they simply would not or could not try and keep going through the bad years. When gold fell below $280 an once, Mike kept the mine going for a better day Now all we’ll have to do is remove the water in the deeper levels and there will be lots of gold there. Not maybe, but almost certainly.
Regards,
Fred M. Cain,
Topeka, INin reply to: Water and Arsenic: which came first? #6350Mike,
Thanks for an excellent response. I know that you have devoted your career and nearly your whole life to this mine. So, I have the faith that you know exactly what you are doing. I hope and pray that we will eventually be able to completely put this whole rats nest behind us.
I continue to have faith in you.
Best Regards,
Fred M. Cainin reply to: Water and Arsenic: which came first? #6347Michael & Group,
Thanks for the update! Unfortunately, I don’t know what can be done about this CWB issue. The Wall Street Journal has repeatedly railed against California’s extremist environmental laws and the situation does not appear to be getting any better.
Farmers have suffered crop failures because they could not get irrigation water during the drought. Meanwhile, millions of acre feet of water from the Sacramento River were getting dumped into the Bay to keep some kind of fish thriving. Unbelievable!
But the most unfortunate bottom line is that *IF* we are in violation of the law, there isn’t much we can do about this. The law is the law and the most sympathetic court in the Land to our cause will not be able to side with us if we are in violation.
I say “IF” ’cause I don’t know this for sure but, are we in violation?If that’s the case then there is one and only one thing that can be done. The law has to be changed through the state legislative process.
Unfortunately, given the extreme left-leaning government that is in control of the statehouse, that is unlikely to happen anytime soon.
Californians will have to put a more conservative leaning state government in power to accomplish this.
So, what happens in the meantime? I don’t know; I wish I did. The situation looks depressing. I know you have fought a long and very tiring fight to keep this mine operating. It is my sincere hope and prayer that you can continue doing so.
I am still trying to buy shares through my Vanguard IRA. But that’s getting harder and harder to do. Sometimes I leave a good till cancelled order open for months before it’s filled. If anyone knows of a good broker that still wants to deal in penny stocks, lemme know.
Regards,
Fred M. Cain,
Topeka, INin reply to: Another U.S. precious metals miner goes foreign #6349March 7, 2019 Breaking News 2:49 PM
Newmont Mining Corp. has rejected a proposal from Barrick Gold Corp. to merge the two companies. Newmont said a merger with Barrick poses a “significant risk” and was not in the company’s best interest. Instead, Newmont decided to continue with its agreement to acquire Goldcorp.
Newmont CEO Gary Goldberg says it best unaltered. Quote:
“Our thorough review of Barrick’s unsolicited proposal and its associated risks has reaffirmed our conclusion that the combination of Newmont and Goldcorp represents the best opportunity to create value for Newmont’s shareholders and deliver industry-leading returns for decades to come,” “Unlike Barrick, Newmont Goldcorp will be centered in the world’s most-favorable mining jurisdictions and gold districts. The combination with Goldcorp is significantly more accretive to Newmont’s shareholders on all relevant metrics compared to Barrick’s proposal, even when factoring in Barrick’s own synergy estimates.”While the hostile takeover by Barrick would have no potential impact on Sixteen to One, It is not a good move for our Country. Americans must get real about the topics of domestic natural resource production. There is so much yacking from children and their future due the sorry projections of our environment. Well, without domestic capabilities to produce the very required essences of life, the future will guided by others. Historical warfare does not lie
in reply to: Water and Arsenic: which came first? #6348Fred,
It is my joy to turn on the computer (Forum comes up) and see a new entry, especially yours. My first order of office business is answering your question. Is the Sixteen to One mine discharge violating the law? A straight forward answer….NO, the water (originating from nature’s release as snow or rain) flowing through the rock does not trigger a violation under the California Law known as Porter-Cologne Act. Also known as the California Water Code, Section 7, it was created in 1969. It is the law that governs water quality regulation in California. It was established to protect water quality as well as the beneficial uses of water. Is Original Sixteen to One Mine, Inc. in violation of a water law? NO!Over years the water agency made up regulations and as the regulations grew in scope and size they exceed the laws (Porter-Cologne and Clean Water Act) that birthed the concept of water regulations to protect the public. Staff members change but a prevailing power/control persona reflects the agency. The Sixteen is not battling this agency. There may be no acceptable alternative and our very qualified consultant continues working with staff towards a solution. He is experienced and the staff is responding to the facts. There is language in both pieces of legislation (federal Clean Water Act), whereby a fair and impartial judge must lean our way. We believe that the Sixteen, the California people and agency will benefit.
Reasonableness, benefit use and hard data lawfully prevail. What is beneficial use? “The question is one of fact, a very general one, to be left broadly to judgement. The result in any particular case will depend upon the attitude which others, as reasonable people, will take towards the evidence as a whole when presented to them. Reasonable considerations of the “duty of water,” and “beneficial use” are expressed in scientific units: it must not be excessive, examination is made by the facts of each case. The ruling for the duty of water is a matter of proof separately in each case according to the facts put in evidence.
Fred, the answer to your question is no. Below it the appeal I submitted to the State Water Board. In California every person has the right to petition governmental agencies. I chose to exercise this right and wrote the following. First time published. Sorry for a wordy reply but necessary. NO was not enough for you and others to really get it.
MikeState Water Resources Control Board January 8, 2018
1001 I Street
Sacramento, CA 95814Dear Members of the Board,
The Porter Cologne Act passed in California legislation as solutions of water quality, conservation, control and utilization. What water issues troubled elected officials, industries and businesses in the 1960’s? Fundamental observations, conditions, predictions and downright speculations contributed to this law. It was justified according to give and take actions by Californians for the benefit of Californians: protected for use and enjoyment by the people of the state. The Legislature declared regulations shall be reasonable, considering all demands made on our water quality and considering the total values involved, beneficial and detrimental economic and social, tangible and intangible. Development projects were growing in scope and size; however the law specifically cites factors of precipitation, topography, population, recreation, agriculture, industry and economics shall apply.The law established a State Board and regional boards. They shall conform to and implement the policies of Chapter 1, (policy) at all times of the Act. Water quality objectives mean the limits or levels of water quality constituents or characteristics which are established for the reasonable protection of beneficial uses of water. The first item listed for a water quality control plan is: (1) Beneficial uses to be protected. The intent of the Legislature is unequivocal: waste or contamination must create a hazard to the public health through poising or the spread of disease.
One key in the Legislative and administration process was science. Science began and drove concepts and words that eventually were passed by our Senate and Assembly. Science, after all, is knowledge, understood facts or principles. Knowledge is gained by systematic observations, experiment, and reasoning; knowledge is coordinated, arranged, and systematized. Its goal is the prosecution of truth thus known, both in the abstract and as an historical development.What John Stuart Mill wrote 160 years ago holds true today: “Since all phenomena which have been sufficiently examined are found to take place with regularity, each having certain fixed conditions, positive and negative, on the occurrence of which it invariably happens, mankind has been able to ascertain the conditions of the occurrence of many phenomena. The progress of science mainly consists in ascertaining these conditions. Science is nothing but the finding of analogy, identity in the most remote parts of the subject.” There is no science involved with the enforcement of the current CVRWQCB in Rancho Cordova, California.
In science, you must not talk before you know. In art, you must not talk before you do. In literature, you must not talk before you think. In government all three apply to our public agencies, public employees, elected and appointed officials. Science persists with the knowledge of things, whether ideal or substantial. Art works the modification of substantial things by our substantial power. Literature brings to the mind the modification of ideal things by our ideal power. All are lacking with the Prosecution Team, the Administration Team, most of the Board members and the Executive Team.The work of the true masters of Science is a perpetual striving after a better and closer knowledge of their environment from the planet on which their lot is cast and the universe in the vastness of which our planet is lost. CVRWQCB execution of the Porter Cologne act has become an illegal taker of life, liberty and the pursuit of happiness with no sense of support from Science, Art or Literature. It’s good and worthwhile intent turned into a sham, nothing more than a trick put upon the public. It has become evil that lacks any bearing on its expectations. The people should fear the destroying of long standing public and private benefits of our water. If the environment is sought to be defended or pressured for the safety and benefits of Californians, some advocates and some enforcers twist, ignore and lie. It is a sham and the goodness we know and expect will be lost for future generations. The actions I witnessed at the December 8, 2017, public CVRWQCB hearing will alarm Californians as I was alarmed.
Porter- Cologne Water Quality Control Act is the law. It preempts all other plans, such as the Valley Basin plan. Its importance in Californian’s behaviors patterns the relationships between the Constitution of the United States of American and the Constitution of the State of California. Law has definitions: recognize sham answers, sham defenses, and sham pleas. The entire agenda item on December 8, 2017, was so clearly shameful, in fact, presenting no substantial issue. It is make believe to assert that natural waters traveling through the Alleghany aquifers, above and underground, produce harmful conditions to public health. An historical mantra holds true here in Sacramento: “We must have a case that we do not sham fallacies upon the people for current reason.”
Fear of this material (natural elements for life) and native water precipitating high in the Sierra Nevada mountains is a pretense for hijacking industrial freedom and rights, justify employment for the prosecutors, fatten self-serving appetites, and is illegal, immoral and against both State and Federal Constitutions. “Truth, like gold, lies at the bottom.”
In reference to the degree of specialization on display during this public meeting, the sciences may be arranged as follows:
(A) Mathematics, the study of relations of the parts of hypothetical constructions, involving no observation of facts, but only of the creations of our own minds, having two branches – (1) pure mathematics, where the suppositions are arbitrary and (2) applied mathematics, where the hypothesis as simplifications of real facts – and branching again into (a) mathematical philosophy, as the theory of probabilities, etc.
(b) mathematical physics, as analytical mechanics, etc. and (c) mathematical physics, as political economy.(B) Philosophy, the examination of and logical analysis of a general body of fact is a science in which reason and history precedes successful dealing with special elements of the universe – branching into (1) logic and (2) metaphysics.
(C) Nomology, the science of the most general laws or uniformities, having two main branches – (1) psychology and (2) general physics.
(D) Chemistry, the determination of physical constants and the study of the different kinds of matter in which these constants differ.
(E) Biology, the study of a peculiar class of substances, the protoplasms, and of the kinds of organisms into which they grow.
(F) Sciences of organization of organisms, embracing (1) physiology, the science of the working of the psychical structures of organs and (2) sociology, the science of psychical unions, especially modes of human society, including ethics, linguistics, politics, etc.
No science was on display by the Prosecution Team, the Advisory Team or other public employees. My wonderment is that the seven board members voted six to one in support of the staff with so little knowledge of what they were voting for. Science is nothing but the finding of analogy, identity in the most remote parts of the subject: water. “The work of the true man of Science is a perpetual striving after a better and closer knowledge of the planet on which his lot is cast, and of the universe in the vastness of which that planet is lost.” –J.N. Lockyer. What science triggers the serious efforts across the spectrum of living in our Golden State? What is the duty of water?
Terms contain some qualification to denote that it must not be excessive are to be based in science. The buzz ‘word’ has become ppb. The word “reasonable” being considerably used in law is not used now in science: reasonable in care and diligence, reasonable in economic evaluations (cost/benefits), reasonable unavoidable. This board lacks an understanding of reason because the staff either fails to know or withholds important information (exculpatory evidence or statements which tend to clear Original Sixteen to One Mine, Inc. from alleged fault or guilt). The duty of water is found not to be a constant factor for all places but varies with the character of natural surroundings, climatic conditions, diversification of environments and various other conditions.Kanaka Creek does not present a water quality problem for fish, plant life or aquatic insects. No one suffers a beneficial loss downstream from the ancient 21 portal. During the meeting the question, “What is the full definition of serious?” was brushed aside by staff. The proper action for the Board to take at this meeting was to table the topic and send it back to staff for review and clarification on the issues raised by Operator. The insistence that it could not take this action is weak
I am aggrieved by the action at the December 8, 2017 CVWQCB meeting.I file this petition for review with the State Water Board.
I hereby attach to this petition by reference the three attachment filed by Original Sixteen to One Mine, Inc. as support for my request for the petition. I have suffered great financial losses due to the ongoing behavior if CVRWQCB in the Kanaka Creek watershed. I have suffered great mental strain and harassment.Required Information:
Michael Meister Miller PO Box 941 Alleghany, CA 95910 (530) 287-3224
Sincerely,
Michael M. Millerin reply to: Water and Arsenic: which came first? #6345Michael and Group,
I was wondering if we could hear an update of the fiasco with the California Water Board (CWB)? What, exactly is the latest on this? Based on what I’d read in our last two annual reports, I was REALLY hoping this was behind us now. Is that for sure the case? Has this issue been put to bed?You know, I see a lot of posts on this forum on the subject of gold in general but very, very little on the mine itself. From the beginning, I have been very interested in the operation of the Original Sixteen To One mine. It’s our operation that fascinates me and not what gold is doing so much.
Sure, it’s really swell to get updates on what gold is doing but what about the mine itself? Can we get any news on the mine to satisfy us Original 16 to 1 mine buffs?
No news is as important to me right now than what’s happening with the CWB. I worry about this ’cause it’s my utmost fear that the CWB just plain wants the mine closed, that’s all. They are using the water issue as part of their agenda to get the mine closed and the site “cleaned up”.
We know that the Forest Service wants it closed, and I shutter to think what the Sierra Club and other California environmental groups think about the subject.
I will say this. Michael Miller has done an outstanding job at keeping this mine operational against all odds. But what about some news? I fear that no news is probably bad news.
Regards,
Fred M Cain,
Topeka, INin reply to: Water and Arsenic: which came first? #6346California has multiple reputations around the United States. I get phone calls from dozens of states every year and noticed that this past year non Californians are getting aggravated with California’s political and business behaviors.
By choice I reduced comments about our day to day operation on the FORUM. The potential downside interference (jealous or mean self-serving miscreants) outweighs informing Forum readers how excited and proud I am of our current endeavors underground and in the realms of government regulation.
MSHA has taken notice of the sad situation or lack of finding experienced underground miners looking for an inspector job. I agree and wrote a proposal offering the Sixteen to One as a real-life laboratory for hands on training to remedy the problem. Our last quarterly inspection resulted in one paper citation. I received support from small coal miners in the east who are experiencing the same problem with MSHA. A mining engineer wrote me saying these coal miners are familiar with our work to correct the situation.
Yes, groups or individuals don’t like the successes and enjoyment of gold mining. They spread lies, going so far as calling or writing governments with false stories. Water is one area where California regulators are 100% violating state and federal laws in enforcement. From my perspective our situation is moving to correct these injustices. A very competent person took an interest. Our water does not affect the beneficial use of anyone in California. His assistance is gaining this awareness. I spoke with him today; it takes time; our specific situation is known at various levels and known to be benign.
My biggest concern is the lack of adequate working capital for increasing production to sound economic levels. The dynamics of size are against us and have been for a long time. Management developed a fantastic gold opportunity for someone with a large stash of cash and no comfortable place to put it. It has huge tax advantages, preferential gold return and with recent federal legislation is dynamic in its overall appeal.
Check “Opportunity Zone”, a federal program encouraging investment in low life areas of the United States. Senator Tim Scott from South Carolina is a driver. I wrote and received a reply. The Sacramento Bee , February 24, 2019, printed an article from New York Times about Opportunity Zone. Word is spreading. Alleghany qualifies as one of 8,000 locations in the USA.
Fred, as you know from prior writings, someone must find the Sixteen to One. I’m not going to Washington DC or beyond searching for money. I’m not good at it, and my time is best spent in Alleghany with the mine and office tasks. Also, because of what our directors know about our assets, details will not appear in public. Details will be provided to qualified people, corporations or companies. Qualified is the key word, no fishing allowed.
Because of my knowledge, the wisdom, experience and knowledge of others, I can confidently state. “Our Company has the most proven gold deposit in the world with the fewest working miners, hundred years operating experience (with the library to support it) and a situation to utterly blow the socks off those who choose to see for themselves”. We are motivated to, as President Trump says, “make a deal”. The timing for gold investment arrived yet few will understand.
You are a bright light with your writing on FORUM. Please keep it up. How will and who will help those fortunate, new Limited Partners or new General Partner find this opportunity? All the pieces are in place. This is my invitation: CHECK US OUT: participation in mining gold, gold known in place and acquiring gold in return, real gold. It ain’t no stock deal! Help requested.
in reply to: Risk Management Strategies #6344I am currently in Toronto at the PDAC Convention – the annual meeting of the 6000 prospectors and developers associated in Canada. A wealth of risk management experience assembled in one single location for four days every year. And the biggest marketplace for mining equity worldwide. Here projects get funded that have much less to offer than ORIGSIX.
in reply to: Another U.S. precious metals miner goes foreign #6343THIS IS INCREDIBLE……………………………………………………………………………………………………………………
Just received the following news:
February 22, 2019Barrick Gold could soon be involved in a US$19-billion hostile bid for Newmont Mining, but the miner stated a decision has not yet been made.
According to the source quoted by The Globe and Mail, which has been noted as “familiar with the matter,” said Barrick is looking at Newmont for approximately US$19 billion in stock, in what could potentially be one of the largest-ever deals in mining history.
“Barrick Gold today confirmed that the company has reviewed the opportunity to merge with Newmont Mining in an all-share nil premium transaction. No decision has been taken at this time,” Barrick stated in a press release.
Any Comments?
in reply to: How to Approach Thin Veins & Cost #6342Thinking about investing in gold?
Three important areas to ponder: Technical, communication/marketing and operational expertise.
Technical expertise should provide a clear understanding of resource potential, extraction and delivery to market. Engineering, geology, legal, finance and accounting professionals are there to develop and scrutinize opportunities determining that the opportunity is economical and worthy of pursuit.
Communications and marketing expertise engage investors, regulators, end-users and the public. They promote the company to investors, sell the end product and reassure that the project abides by laws and social expectations.
Operational expertise make the project happen. Their objective is to make sure the goals and objectives of the senior management team are realized.
Qualitative considerations are: What is the previous track record of management team? How have they overcome the challenges they were given? Do they have a stake in company, or “skin in the game”? Does management have a clear and simple vision and mission? Do they mask meaning with jargon or can they communicate opportunity in clear, simple terms? What is overall management style and reputation? These types of questions provide a framework for understanding how success or failure occurs.
“In the general resource space, beware of frogs masquerading as princes because there are a lot of those.”
This quote from Mercenary Geologist Mickey Fulp is a good guiding principle for those evaluating the investment potential of an exploration-stage gold company. The game of mining stock speculation attracts many a charlatan, The difficulty becomes separating the wheat from the chaff.Rick Rule, a long time analysist who wears a Sixteen to One gold ring, describes successful investing in resource stocks as solving a fundamental riddle. “How do you anticipate exploration success before the financial community reacts to the success? While no investment can be 100 percent de-risked, especially in exploration-stage mining, where there are no revenues and plenty of costs, there are a few lines of enquiry that savvy investors should pursue.”
Management: If you were on the hiring board of a major company, would you give the job to somebody who had never done the functions asked for in the job description? Many investors do not bother to research. “The easiest thing to look at is the track record. Have they had success in the past? It sure is nice to have a couple of wins under your belt.” says Ryan Walker, mining analyst. It’s also important to know the intentions of management and board. Do they plan to sell their project to a bigger mining company with the technical expertise to turn it into a mine? Or are they explorers hoping to be miners without the requisite experience to make that happen?
Ownership: Do the managers and directors own a significant number of shares versus the “float,” or the outstanding shares owned by retail investors? Fulp thinks 50 percent of a company’s outstanding shares should be in the public float, which shows both management commitment and is enough to generate a volume of shares traded that can cause the stock price and market cap to substantially increase.
Property: Like real estate investing, when purchasing shares in mining companies a good rule of thumb is location, location, location.. This is due to geopolitical intangibles, such as the threat of expropriation and political instability,” says Chris Berry, of House Mountain Partners. Fulp takes jurisdiction even further by refusing to consider projects in countries where the political situation is considered risky. Consider the deposit’s proximity to other mines. The old mining adage, “to find a mine look near a mine” certainly applies to Sixteen to One. Ownership of the deposit is also important, since ownership factors heavily into who will control future profits and takeovers. Look for the company that owns 100 percent of the asset and has no underlying royalties that they have to pay. Yes, for Original Sixteen to One Mine, Inc.
The deposit’s location is also important with respect to potential expansion. If the company can show that not only does it have a good deposit, but that mineralization lies outside the existing or prospective mine boundaries, that is clearly a good sign for investors.
Geology: The geology of a given project is fundamental importance in deciding whether or not to invest in a gold junior. In gold exploration, the three most important factors are grade, tonnage and metallurgy. High grades are often touted as “king” when it comes to gold exploration. It’s true that many a mine has been built on the back of a high-grade deposit. No greater high –grade mine has sustained production over centuries than the Sixteen.
Mining is to a large extent about de-risking, so it is not surprising that the highest risk-to-reward ratio occurs at the discovery phase: drills are turning on a prospect the explorer and investors are eagerly awaiting drill results. As a company de-risks a project the value of the stock should generally rise. These are good catalysts for investors. Rule insists that the juniors he invests in have a game plan for how they, and investors, are going to make money, and when. “Make the promoter explain in detail how the company’s activities will increase both shareholder value and stock price.
Mineral exploration requires strong capital and an even stronger stomach for risk; but sometimes the risk can pay off big with a well-executed discovery. However, the odds of hitting a wall are much higher than hitting pay dirt. Even a large claim package in elephant country can turn out to be little more than moose pasture. The deposit could be too small, too low grade, or saddled with a host of other project killing pitfalls. A commonly cited statistic among industry experts is that the probability of a mineralized body becoming a mine is about one in 3,000.
Assets do matter and the more quality the better odds for shareholder rewards..
in reply to: Technology #6340There was funding for more extensive geologic survey in the Interior budget of the last authorization. The Chopper might be part of that survey and your mine is a known resource that other surveys would probably be compared with.
in reply to: Clips from Alleghany #6339Storm Alert announce for California beginning two hours from now. Heavy rain turning to snow as low as 2,000 foot elevation. Eight to ten feet high atop sierra Nevada Mountain. Flooding possible in southern CA and northern CA near fire areas. High winds expected. Sixteen to One miners worked into the late hours this week. Indicates gold was mined. Over and out.
in reply to: Technology #6338A very expensive white helicopter hovered low over the mine on November 12, 2018, around 3:30pm. Our shop man (Al) saw it, I did not. It had no numbers. His comment was that this is someone important. It had chocolate brown and yellowish gold marking but he could not read them.
Since then I learned that a program of electrical sensing deep underground was completed in Idaho and Montana. California and Oregon are following. Who operates this program? Why was it hovering low over the quartz ore located on the upper landing? A “chopper” like this costs over $1,100 an hour. This one has a long pointed rod, about 12 feet long attached to its nose. I was told the program is federally sponsored (maybe) for mapping and exploration. I was told it’s called pinging.
Ping is a program that sends a series of packets over a network to a specific computer in order to generate a response from that computer. The other computer responds with an acknowledgment that it received the packets
Some claim that the word “ping” is actually an acronym for “Packet Internet Network Groper”, similar to what submariners do with sonar. Both the computer and the submarine’s sonar send out a “ping”, in the form of either a series of packets or a brief burst of sound. The ping “bounces” off the target and then returns to let you know the target is there. Ping is built into almost every network-capable operating system. The first step for mining is to find the ores and materials you want to extract. But first someone must figure out how each mineral pings or the acoustics of , say, gold.
Once you are near the rocks of interest hovering in front of the now-outlined rocks will analyze those rocks and provide the following information about it: Composition: The minerals contained within the rock: “filter out” inert rock, so higher percentages of minerals will provide ore. Resistance: The resistance of the rock to the mining laser. On a scale from 0 to 1, a larger number will take longer and more power to fracture. Instability: The instability of the rock will make it more challenging to profit. At this point the value of the rock can be determined, and the miner can decide to abandon or mine this particular node of minerals.
What could be gained from a helicoptered hovering over a pile of our gold ore? Dah!
Does America need on going production of minerals? Dahin reply to: From the Sixteen to One Archives #6337From The Comic Journal October Issue:
“Is Dan O’Neill our age or older?” Adele said.“Older?” I said.
“Well, he’s still got all his marbles,” she said. “Or as many as he ever had.” The occasion for these remarks was our receipt of his first book in thirty years, The House Next Door (Hugh O’Neill & Assoc.). “It’s the first time I’ve understood the relationship between gold and money.”
“You understand it?”
Dan O’Neill, a director since 2002, of Original Sixteen to One Mine, Inc. brought a much appreciated “punch” to the Sixteen to One operation. He is an Hall of Fame” cartoonist. No, this gold mine is not a joke. He created comic relief with his first drawing about the underground mine, which you can find on this web site.
Call it humor, satire or honest wisdom, his first book in thirty years (limited first edition with 23 corrections now corrected) is available from LULU.com priced at $19.95. Dan just sent me the feature article yesterday in the “The Comics Journal”. Copy and click on the link below. Bob Levin wrote the article entitled “Why Does the 12-Inch Tall Piano Player Sing?” Warning: it isn’t an easy read.
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