[Stephen Wilson]

in reply to: Gold Enters Major Bull Market #1884

On Friday, January 24, 2003, the following headline was printed in the USA Today’s newspaper, “GOLD HITS 5-YEAR HIGH, BUT GLITTERING PRICES MAY TARNISH QUICKLY.”

To put it mildly, this kind of reporting is irresponsible. Gold has hit a 6 year high not a 5 year high. To say, “glittering prices may tarnish quickly” is historically unfounded based upon mega long term moving aveage studies. This remark is no more than “trash talk” intended to keep you out of gold.

You have to ask yourself this question, what is the “big deal” to the newspapers when it comes to the price of gold moving higher? As far as percentages are concerned, the recent move in gold is no big deal. We can clearly see its percentage advance by dividing its last sale of 368 by 100 and hypothetically arriving at 3.68. This is up from it’s hypothetical low near 2.50. This represents about a 47% increase in value. As everyone remembers the run-up in the NASDAQ stocks, some of those issues went up from pennies to unbelievable prices, unbelievable percentage gains. Those gains greatly overshadow what has occurred over the two years in the gold market.

So, what is the big deal? The big deal is the U.S. Dollar is not backed by gold, contrary to public opinion. When gold goes up the Dollar declines. When gold goes up the EURO, which is backed by 15% gold, smartly advances against the Dollar.

The U. S. media is owned by or influenced by the super rich in this country as most everyone already knows. When gold goes up, their wealth is reduced. That is the big deal.

The newspapers and the rest of the media don’t want you, the concensus of all their readers, to buy gold because you might assist higher metal prices and depreciate their accumulated wealth. That’s the way they think.

Since most people find it easier to buy gold mining companies as opposed to the metal itself, is there really any wonder why the November L.A. Times article attacked a little U.S. gold mining company?

Don’t listen to the media when they give you their indirect “free advice” to stay out of gold and the gold mining companies. Believe this, they do not have your best interests at heart.

[Stephen Wilson]

in reply to: Gold Enters Major Bull Market #1883

This is intended for the shareholders of the Original Sixteen to One Mine, Inc.

A spectacular event has occured concerning gold’s future that you won’t be reading about in the papers or hearing on the evening news.

The price of gold has bettered a very important long term moving average line at $352 per ounce. Gold is currently trading in the low $360’s. The average is the 5000 day moving average line. Preceeding this event, gold had only done this twice before in the past 21 years. Once, in early 1979 and again in late 1996.

When gold crossed above its average line at approximately $240 in 1979 it eventually traded higher to over $800. In late 1996 it traded below the average in the vicinity of $390 and continued lower until hitting about $250 in the summer of 1999.

Based upon history, it is totally reasonable to expect a much higher gold price during the many months ahead.

The tide has turned.

[Stephen Wilson]

in reply to: L.A. Times Article #1882

The L.A. Times attack on Michael Miller and The Original Sixteen to One Mine Inc. was vicious as are all the attacks that originate from sources that hate gold. This attack must be kept in prospective as Michael and the Mine were just enlisted as center pieces for the creation of a story that was originally intended to attack gold and gold mining company ownership in this country.

Although everything that Roberta brought up in Mike’s defense was informative and creditable, the story had to be slanted to accomplish the Paper’s main thesis. “The Mine Only Mines Trouble Now,” what a pile of horse pucky.

The L.A. Times story is just one of the many that are written for the purpose of degrading gold ownership. Not long ago the Financial Times did a story after a recent daily advance in the metal along with a presentation of a gold chart. They, as expected, took their shots at the gold buyers. Their chart was percieved by the reader as showing the start of an important long term bull trend in the making. The writer interviewed someone who viewed the recent strength in the gold market as being a “bubble.” That reprinted comment was just plain stupid but then again, these anti-gold people are out to brainwash the general populace.

Even the Wall Street Journal gets into the act when gold moves higher. In early February of 2002 gold completed a short term move to about 310 that flared higher in a matter of days from a low of 280. Following some consolidation, gold mounted a six dollar rally and was looking to go higher. A few days later on February 28, 2002 the Journal runs this story entitled, “Gold is Beginning to Sparkle Again As Investors Seek Stable Investments.” It was interesting how they spun their web of truths, their untruths along with their catty comments directed against the recent gold buyers. Let’s see, they ripped the “gold bugs,” an expression they and others really love, when gold was about $306 or so and on this last Friday gold closed at about $357. I guess you can draw your own conclusions as to the fading influence the Journal might have over gold.

The Mountain Messenger out of Downieville, California might be a small paper but I have never caught them printing untruths about gold to their readers like I have the L.A. Times, the Financial Times and the Wall Street Journal.

The true story on gold, up until now, will not be found in almost all newspapers, magazines or on television. If you seek the truth it is suggested that you subscribe to Richard Russell’s Dow Theory Letters or visit some of the following websites: http://www.financialsense.com, http://www.LeMetropoleCafe.com or http://www.kitco.com.

The real damage the L.A. Times story did,along with tarnishing Mike’s reputation, was to have the Original Sixtten to One viewed unfavorably to people in the southern California area during a time when the Company was seeking funds to expand their operations.

[Roberta Petersen]

in reply to: L.A. Times Article #1881

Mike’s rantings challenged me when he sent me his article “Now is the Time”. He wants Willie Nelson or others capable of supporting the American dream and legend to tell others through their music. I don’t think many people read this forum, but the LA times, a paper I read daily for 25 years, blew him off. He told me about the article and sent me a draft of a letter he thought he’d send to the editor. I called Mike a couple of days ago. He never wrote the paper which pissed me off. So, here I am, going to beam this out so friends or foes can spread this around. If 10% of the Times readership read http://www.origsix.com , the mine would have the $6 million working capital. Six million for 16% of the 16 to 1 mine should appeal to those with quick money in hand. Here is my letter to the editor.

Dear Editor,
Great exposure to southern California of a California and United States icon in RELIC/GOLD MINE story [11-11-02]. Was it planned or coincidental this front page story shared headlines and photos of American military veterans on Veterans Day? We covet your understanding of California’s gold mining history and what it has accomplished for American freedoms and values. The problem…Michael Meister Miller is not a relic. He is a visionary, a leader in our communities and the natural resources industry. Sure he portrays the values of the old west and embraces them. But, packing an ivory handled pistol in his waist? His pistol has a quartz and gold inlaid grip.
Roberta Peterson, a shareholder and life long friend

Here is the draft Mike sent me:

Dear Editor:
Front-page stuff on gold mining. Thanks. The writer failed to report that my company was elected as a California State Official Sesquicentennial. It’s no relic. It’s just as important to all Californians and Americans for that matter, not just the few thousand in Sierra County. Just like those miners, I encourage you to dig deeper. You too will find some gold worthy for all of us to read. America miners are a precious resource. The fact that they are endangered by questionable persecutors is as important to us as the loss of our steel industry, our wood industry, our fishing industry and farm lands:
LA Times says:
“State water quality officials have fined the company for
allowing arsenic-laden water to flow into nearby Kanaka Creek,
Polluting the down stream drinking supply.”
FALSE………The company has never been fined for arsenic.

“ Miller thumbs his nose at the odds and the regulators.”
False….. He only thumbs his nose at the odds.

“The mine had been cited previously for not marking a similar ore chute on a different level of the mine.”
False. The citation was not for a similar ore chute.

“Miller called the case ‘merit less,’ saying it was Fussells’ job to mark hazards, like the one that killed him, and blamed the miners death on his own negligence.”
False. Miller’s investigation resulted in a finding that no one was to blame. It was a tragic accident.

“If he can be charged with killing his worker under those circumstances, said Miller, the industry is headed for trouble.”
False. America is headed for trouble.”

“Miller was running a bar in Santa Barbara when he first visited the mine in 1974.”
False. Miller was building and remodeling beach property. He ran restaurants and bars from 1965 to 1971.

“After he failed to turn in an arsenic reduction plan…”
False. An arsenic reduction plan was submitted timely.

“The county’s economy once depended almost exclusively on mining and logging, but it has been decades since mining was a significant economic force here.”
False. Original Sixteen to One Mine, Inc. was the county’s largest non-government employer when the sawmill in Loyalton closed down just about a year ago.
END OF Mike’s DRAFT TO CORRECT LA TIMES
To all in LA, Here is what I say about the Sixteen To One mine and my old buddy:
Relic. Lost era. Wild west. They all allow us to conjure by gone days only familiar to us through reading, radio and cinema. These images somehow are presented as an image of Michael Meister Miller. It is incomplete and begs for clarification. Gold mining, the underground hard rock type may aid that image – stuck or of the past; but Miller, some who have known him for a short time or those for a long time have recognized how far ahead of his present being he thinks and acts.

Quoted in the November 11, 2002 L.A. Times front page friends and acquaintances were Sierra County Sheriff, Sierra County Assessor a California Superior ‘Court Judge, and two elite businessmen, one owns a newspaper and one owns a mine. It was a very impressive body of testimonials. For reasons known to the newspaper staff, the writer gathered her information and created a story. Michael Meister Miller, however, is not the person many readers would conclude from the article.

He has always been a visionary. He created, built and operated the first club for college students in Santa Barbara. My brother, Ted Templeman, and his band fine- tuned their performance on his stage. As years and decades passed from that period between 1965 and 1971, businesses were opened and franchised on his visions. He also led Californians to understand the great addition of wine during regular dining situations by introducing Santa Barbarians to German, French Portugal and Italian wines to diners at a fair price for quality.

Mike was a newcomer to the hard-rock gold industry in 1974, when only men connected to the glory days of gold from 1934 remained in the industry. He was a pioneer in a 6000 year old line of work. He did not invent it; he recognized the situation early on and jumped in.

There are many many incidental yet significant stories to relate. He traveled Europe in 1962, a twenty year old Californian in a VW microbus. How may other young Americans were seen traveling that way? Just Mike, my brother and me. We inspected Pompei in November. No one else was around and we went everywhere. He walked through Check point Charlie in Berlin alone. Ask him to relate that story. To suggest he thumbs his nose to regulators is incorrect. He thumbs his nose to irresponsible interpretations of most anything if it is important.

Throughout his life he has demonstrated his character towards his classmates, friends, and people who work with him. Unless it really has far reading implications, he quickly forgets anyone who attacks him or the Sixteen to One Mine, which became a passionate love. But if it is important he will get on you like cotton candy and lick you clean away.

Mikes’ attacker in the article is Gale Filter. He most likely will be looking in the mirror someday and see himself prosecuted for his conduct.

[Stephen Wilson]

in reply to: CDAA Conduct #1880

Rick
I thought your last piece was excellent. Your contributions along with your inspiring insight bring creditability to the Forum and they are most educational. Thanks

[Stephen Wilson]

in reply to: Another U.S. precious metals miner goes foreign #1879

Jack
It’s nice to hear your ideas which I totally agree with. Sadly, I missed your articles that you did for the paper. Is there any chance they could be put on the Forum? It would be great if you did some current stuff. I have heard your name around as being a very knowledgeable mining person

[Jack Hawkins]

in reply to: Another U.S. precious metals miner goes foreign #1878

Full Disclosure: I have owned shares in Original Sixteen To One since 1987, when I wrote a series of articles on Gold Mining for the Mountain Messenger newspaper in Downieville. I am also a retired stockbroker.

The 16 to 1 is the oldest gold mine in the United States since Homestake was sold to Barrick. The stock reached a high of around 7 1/2 in the nineties; the last sale on the Pacific Exchange was 75 cents before it was delisted when the exchange went Archipelago.

I am writing you now because the mine is still operating in Alleghany, California, with about ten employees. It desperately needs capital to beef up operations for the gold bull market. If you or anyone you know has an interest, I think a call to Mike Miller, Predident, at [530] 287-3223 would be worthwhile. I think a few million dollars is all they need, and a substantial interest could be purchased.

If you want more details, please telephone me at home:[650] 948-4388. Jack Hawkins

[Rick Montgomery]

in reply to: CDAA Conduct #1877

Hey there.

Now that we’ve endured the 2003 Diversion…..Today’s G. Davis State-of-the-State-Show, during which he’s ‘warned’ us (the private-sector-producer side of the equation) of the severity of the issue, I’ve got a SCOOP.

Let’s state publicly, whether through a press conference, an editorial, perhaps even an embarassing public open letter to the Lord Gov Himself how it works:

Stifle chance, stifle success; And while you’re at it forget whatever revenue is gained through any tax levied against the successful endeavor.

Here’s a great illustration: Let’s have G. Davis and the Original Sixteen to One Mine square off on a game-board, both sides standing there with bare hands. Next, allow each side equal access to an undeveloped garden plot, say 30 feet by 30 feet, each without gophers or moles or other undefined pests, yet, both plots must pay a tax based upon whatever production results from the endeavor. (G. Davis would try to say the more flowers come up, the more you owe.)

Allow that each side has a green light to plant anything: plant flowers, or veggies, or weeds for that matter, and in ten weeks present flowers or veggies or weeds (anything that’s been undertaken) at the next State-of-the-State-Show.

G. Davis: Tax the results.

Now, if nothing’s planted, there’s no tax. But if some flowers come up, or God forbid some marketable comodity, why, there’s a tax.

And some new rules about planting flowers. And more rules about which flowers to plant (some people might not like the flowers you decided to grow.) And then a Flower Regulation Commission to regulate the unfair way you didn’t plant flowers, like the guy who let his chance to plant flowers peter out so that the Commission could regulate the unfair way you planted flowers.

Oau: “Actually, we discovered something, not planting flowers, they just came up on their own. All we were doing was checking out our opportunity, decided instead to dig a little deeper, and look what we found: gold.”

“Not, fair. You cheated.”

“We did…how?”

“We didn’t look for gold in our garden. Maybe if we had a gopher, and a gopher hole, maybe we did, but hey, gophers are protected. So, we aren’t looking down gopher holes for your exploitation crap, so it’s unfair: You’re now under suspicion for not only breaking the rules of gardening, also taking advantage of gopher holes and whatever’s inside them, especially if a quartz deposit has gold in it, that’s what rules have been broken. Now we’re going to quit this experiment, not only that but regulate garden development: (….throw the game-pieces around the room, turn over the Monopoly Board) and make you clean it up.”

“But, our garden has flowers, and there’s gold underneath, which generates revenue to the treasury, those taxes we were talking about. How much revenue are you sending to the treasury, your garden still sitting there undeveloped?”

“Unfair: ours doesn’t have flowers, or gold.”

“You haven’t even looked! You haven’t even turned the ground! You didn’t plant any seeds, being all busy watching us plant ours; we have flowers, wish you did too. In fact, if you’d try and can’t produce any flowers, come over: we’ve got some you can buy. Even give them to you if you can’t afford it. BUT….”

“But what?”

“You have to try.”

“Unfair!! Unfair again. To make sure we all have flowers, next time you try to take advantage of us, (planting seeds both had), we’ll make sure this never happens again. Flowers are just for rich people, on their tables.”

And so this is where we are.

Given the G. Davis Administation’s dependence on revenue, ask this question:

Where would success be, if no one planted any seeds?

[Stephen Wilson]

in reply to: Stock exchange listing #1876

RyanBaum, you have made some good points. Unfortunately, the company is doing the best that it can considering that the California District Attorney’s Association is trying to put a noose around our necks.

In seeking an original OTC or Exchange listing for the company, I do not forsee it happening until these private out-of-county attorneys are reeled in by their handlers or the newly elected District Attorney takes a responsible interest in the rights of Sierra county voters who hold shares in the mine along with the balance of the other owners.

Personally, I see ownership in the company as being a very exciting personal and financial adventure. Where else in the world can you buy into a piece of property, if you can find a seller, that is rich in gold, rich in timber, rich in spring water, rich in fresh air and rich in being an integral part of a unique community that is abundantly filled with nice, wonderful and caring people along with the beautiful Kanaka Creek that compliments it all. Sound attractive? Maybe all our governmental troubles are being orchestrated behind the scenes by some influential people who want to remove us just for those reasons.

It is because of a man by the name of Michael Miller that all these accusers will meet their match supported by a cast of directors that will not raise the white flag in their pursuit of defending the shareholder’s rights. When this nuisance of a misdirected non-profit organization has finally drifted away I’m sure the company will not hesitate to list its shares in an appropriate marketplace.

RyanBaum, you are right, current circumstances do not support easy access for new buyers and especially the ease of transacting trades like it was a year ago. Until the winds of truth carry away the dark cloud of injustice hanging over the mine, I only can sympathize with you and the other shareholders that have been damaged in this degree.

[Jason Burke]

in reply to: 16 to 1 Mine #132

[Jason Burke]

in reply to: From the Sixteen to One Archives #1875

Without being an expert on global economies and the establishment of central banks, I would like to add a few cents’ worth of my thoughts on the issue.

First off, I think that the world is full of power-hungry, rich, ruthless people. These folks are in the minority. Do they hold real power? Do they influence the daily lives of the “masses”? Do they hold sway over the courses of nations and entire populations? Probably. But as one of the “masses” myself, let me say this: my own personal economy (i.e., I go to work and get paid, with which money I am then able to purchase the things that my family and I need or want) doesn’t rely directly on whether Alan Greenspan is wearing a polka-dot tie or whether the central bankers in London are having a good day or not. Sure, my job depends on the world prices of platinum and palladium to remain at a level at which the mining method that has been chosen for a tiny geological anomaly in Montana remains profitable. But you know what? If they don’t and the mine closes forever, then I can go get another job. Will it be a hardship? Will the economy of the town, the state, and the country be affected? Will the miners be left with nothing? Most likely not, or at least for a relatively short time. What does it mean to say that the rich central bankers acquire that which will appreciate in value while they distribute that which does not or will not? Does it mean they are constantly investing in beachfront property and Las Vegas casinos while I am doomed to buy a new GM vehicle every year? Not in the least.

My economic situation includes, for example, a 401(k) plan. A modest way of deferring not only taxes, but also personal use of my own income. What? Am I letting some rich central banker decide the best way to invest my money? Yup. Am I concerned? Nope. “Why?”, you ask. Because, frankly, that’s what he does best. I would not trust him to survey my property or draft a set of civil engineering plans and I expect that he would not use me as his financial advisor. Does that make us unequal in status? Well, we’re both professionals. His services are valued a little higher than mine, however. Are we both ethical people? I should hope so. But how far do ethics get you in the investment world? At best, I am asking him to predict what economic sectors will have a good year and which ones will not. How is he supposed to know for sure? He doesn’t, really.

There is much to be said about whether the price of gold is being “manipulated” and to what extent. But we acknowledge that the very same valuation method is used for things like oil. That is a commodity whose price we, and most of the world, have little or no control over. Is gold different because it is a world currency and the basis for many governments’ money? I would venture to say that the American economy is more dependent on price fluctuations of light, sweet crude than on gold. Anyway, what if the price of gold were “deregulated”? What if it rose back up to, say, $600/oz (assuming that a free market would even value it above about $300 anyway)? Would many of the mines in Nevada reopen? You bet. Would the Sixteen-to-One be debt free and loose of all the bonds of political strife and regulatory mire that afflict it now? No. Right now, the mine is troubled not by rich central bankers whose will becomes the guiding light of nations. No, it is troubled by a handful of lawyers and government staff who collectively couldn’t agree on a place to eat lunch, let alone regulate a global economy. It wouldn’t matter a whit to those people if the Whopper was sold today for a half-million dollars. They would just be pleased as punch to get their share and then stick it to the mine again tomorrow. Because they are evil-doers who would like to destroy the last remaining corporation operating a hardrock gold mine in California? No. Because that’s their job, they don’t have anyting better to do, that’s what the governor wants, that’s what 51% percent of the voting population will support, etc., etc., and because, sometimes, democracy stinks when you’re in the minority.

The Sixteen-to-One has been and will be a symbol of the [revisionist] history of California and the Gold Rush. But so is the Empire/North Star complex in Grass Valley. Even the State thought so when it bought it and made it a state park. Now, publicly funded, it can demonstrate and educate for a few dollars a day. Michael Miller is getting an education from the State, too. The State is teaching him something that he doesn’t want to learn. It is teaching him that most people just simply don’t care anymore what exactly brought them or their ancestors to California in the first place. They don’t care if the mine remains open or not. They don’t care whether Mike goes to jail. They don’t care whether the price of gold is $300 or $500 or $1000. Frankly, they probably don’t care whether the arsenic level in Kanaka creek is above or below standard. It’s the same way that they don’t care where their roads, cars, computers, shoes, airplanes, forks, houses, lawn mowers, toothpaste, keys, bridges, light bulbs, space shuttles, aircraft carriers, or nickels come from. Just as long as they have them . . .

[Ginny Martin]

in reply to: CDAA Conduct #1874

Although the Stella Awards may exist, the awards given as noted are for fictional events and are being emailed I believe for fun. Who’s laughing? You can check this out yourself by researching the town’s press or court system; or checking website’s such as truthorfiction.com or about.com, etc. Don’t believe everything you read!

[Michael Miller]

in reply to: Another U.S. precious metals miner goes foreign #1871

VIEW ON POLITICAL LEADERSHIP

A principle explanation of our political leaders moving within the legal system to bring about a strong nation by a rigid enforcement of the law follows. Political necessity exists as nationalization for social order through identifiable approaches based on personal cultivation. Political order has its basis for reaching harmony in a moral order. What has been lost for decades, probably dating back to the industrial age, which brought about a new social order must be identified before society can address the problem. Fix the cause, not the symptom. [The expression of a new social order cannot actually create or manifest into a new social order. All verbal attempts have fallen short. A new social order becomes identifiable as an after shock of political science and economics.]
We have become a political group. No longer will I ask my fellow employees to assume and act like the professionals we are. The Original Sixteen to One mine Inc. (OAU) our employer is one of the most respected gold mining companies of the 20th Century. Only Homestake Mining comes to mind as better known. Its founder, George Hearst, began his mining education among the rocks of the Northern mines of California before he developed Homestake Mine in South Dakota. Newmont Mining, a close contender of the Sixteen to One mine and Homestake, only takes a back seat because of its length of origin. Its founder, Fred Searls, shaped his underground pie in Alleghany searching for the Red Star mine ran by OAU.

[Stephen Wilson]

in reply to: Gold Enters Major Bull Market #1873

The following was submitted to dowtheoryletters.com today by a subscriber with the initials of JD.

WHAT WE ARE ALL MISSING

It seems that know-body is looking at what the central bankers are really doing. They are not stupid and they are acting out this drama precisely to their plan. And what is their plan?

Their plan has and always will be to hold that which is of value when it is valuable and get rid of that which is going to become worthless. They are masters of the world of investing because they are given the power to control instruments used by the masses to transact. And most importantly we must never forget the CBs are always run by the most corrupt, greedy, blood-sucking, exploitive scumbag individuals the world can produce. They pay no allegience to any country, leader, race, religion, ethnic group, or god. They are interested in bettering their own lot at the expense of others. Most people do not hold these qualities to the degree necessary to become a central banker which is why they make up an elite, ‘above the law’ group of people.

So what kind of animal are we dealing with? First, we must remember that CBs, like governments and private corporations, come and go. There have been many times in history in which central banks or moneychangers did not exist. Second, the power and/or existence of central banks is cyclical. These parasitic organizations plan their arrival and departure from the scene depending on when and if it is safe and advantageous for them to operate. They exploit in peace time as well as in war time. Their aim is to control the instruments (money) that the masses use to transact. This can be fiat paper currencies, electronic digits (debt) on a computer hard drive, gold, silver, rice or any other commodity in demand. Their ultimate goal is to keep everyone indebted to them, esprcially puppet, corrupt governments who do not represent the people. They have no client preferences and are flexible: indebtedness is the same to them whether you are a Hitler, a Stalin, a Roosevelt, or a Churchill, or even a Bin Laden. And, they always make sure to distribute to the masses those instruments which will lose value in the future and accumulate from the masses those instruments that will appreciate in value.

So what is the game plan of Greenscam and others of his ilk? The FED has been around since 1913. It is going to celebrate its’s 90th birthday next year; that is 90 years of confiscation of the wealth of the American people. This is the longest running central bank in the history of the U.S. and appears to be closing in on its ‘use by’ date. I believe they knew this by the early 90s after decades of printing fiat U.S. paper instruments that caused government debt and trade deficits to soar. It was more than clear that by the 90s the U.S. had economically been obliterated by Europe and Asia. The trade deficits told us that in black and white. And they only got worse.

They have known that Bretton Woods was the official beginning of the impoverishment of the American people by establishing their fiat U.S. dollar as the world reserve currency therefore creating the illusion that we could get something (real goods and services) from the rest of the world for nothing (our fiat U.S. dollar). And now they know that their printing press orgy is about to be turbo-charged; that is, they are going to print the U.S. dollar into oblivion. And all the other fiat currencies trading along with it are going to meet the same fate. Greenscam has let the world know that he is going to print until the press breaks down. The end of the dollar means the end of the FED. The ‘issuance of fiat’ game is about over.

The FED ‘use by’ date is rapidly approaching. They have know (known) this since 1987. So what does a true-blue CBer do when its time to exit. They do what they have taught Wall Street to do. They pump and dump that which they want to sell: pump up fiat dollar instruments (their own TRASH) and dump them on the masses (distribute that which is going to become worthless). And at the same time they take Jesse Livermore’s advise and first dump what they want to buy and then pump. So, they dumped publically-owned gold (CB gold auctions) in order to privately accumulate that which they will pump in the future. So, the CBs are doing exactly what you would expect them to do. Of course, know-body will ever know who bought all that gold at those rigged auctions, will they? CBers are never generous. You can be assured it landed in the right hands.

So, what are we missing? The fraud is not the manipulation of the gold price. That’s the side show. The main attraction is the TRANSFER OF THE PUBLIC’S (OUR) GOLD INTO PRIVATE CENTRAL BANK HANDS.

THE CB’S HAVE BEEN DUMPING THEIR OWN FIAT PAPER ON US AND AT THE SAME TIME BEEN SELLING OUR GOLD OFFICIALLY TO THEMSELVES PREIVATELY.

And life on Wall Street goes on….. The CEO’s and Insiders of Enron, Worldcom, Tyco, et al stole the people’s fiat paper by pumping and dumping their respective shares. The FED has stolen the only real asset we ever had and left us with a broken down, 90-year-old printing press.

[Ryan Baum]

in reply to: Stock exchange listing #1872

What would it take to move up from the pink sheets to OTCBB or the AMEX? The AMEX has had a long history of hosting resource companies, many that continuously have treaded under $1.

Although the X-Mart may offer a person a way to directly participate in the trading price of OAU’s shares, the transaction hassles are too much to attract new investment from current or new shareholders.

Consider how the process has changed. Last year at this time I was able to place market and limit orders through a regular brokerage account. A simple order would take less than one minute. Now if I want to buy shares I have to arrange for a cashiers cheque and send it to a PO box sight-unseen. Similarly if I want to sell shares, I have to endorse over certificates and make them negotiable without the benefit of SIPC brokerage insurance.

If OAU were still tradable through a brokerage account, I’d continue to have offers out there. Instead, I’ve requested certificates and am contemplating selling my shares since.

[Rick Montgomery]

in reply to: Another U.S. precious metals miner goes foreign #1870

Intuition: of course you do it.

[Gerard Forsman]

in reply to: Another U.S. precious metals miner goes foreign #1867

Mike, what you are proposing does not surprise me in the least! You’ve known for a long time that the northern property has not been worked to the extent that it has on the southern end of the Sixteen. That’s why you’ve always had a keen interest in the Red Star. It had never been worked to it’s full potential. There were some nice sized pockets found just south of the Red Star. It would be interesting to see if there were any nuggets left in the gravel, too.(Mmmm, I wonder how much water is in that old channel). It would be quite an undertaking but, it would be a more direct and efficient route than trying to use any existing tunnels. Another benifit that I could see is a new area for waste rock and it’s a long way from the creek! I say, “Go for it.”

[Michael Miller]

in reply to: Another U.S. precious metals miner goes foreign #1866

Buried in our[shareholders] and our [America] foundation are some of the earth’s great natural specimens…..which formed before man arrived, as well as all plants and animals. On the other hand, rapid, explosive, violent, wonderful processes may have formed the earth’s noble metals in concentrated veins. All rules are off when it comes to mining high-grade gold in this area only….”take your chances and chances will be taken.”
Straight mining talk follows. I propose sinking the nORTH sIXTEEN sHAFT portal at SW corner of the Red Star. With proven production from the Sixteen to One Shaft and Tightner Shaft, the reward potential far exceeds in value the risks of undertaking the venture. The central location of our deposit between the Rainbow and Bald Mountain is the proposed portal. The first 170 feet is lava before it penetrates the tertiary gravels. [The Sixteen to One vein is reported to jut into the rich bed-rock of the old river.] Assuming: a 35 degree dip in the vein; 600 lineal feet of shaft quartz exposure; 368 feet of vertical drop from bed-rock to the 250 level of the Tightner workings; Red Star 350 level is 185 vertical feet below Tightner 250 level.

Why should this major investment be undertaken ? auriferous or gonzo or gfxgold or someone with a geological or historical or economical who has waited to participate in this forum lets talk about gold mining on this existing “Topic”.

[Michael Miller]

in reply to: CDAA Conduct #1865

I received the following letter from a thirteen year old shareholder. If a 13 year old can figure out America’s single biggest problem affecting the quality of our lives, what is wrong with our politicians, our judicial system, our leaders and ourselves?

“In my opinion there are far too many Lawyers in our country. As a result, people are being sued for th most ridiculous things.
There is now a yearly award given for the outrageous lawsuit named after 81-year- old Stella Liebeck. It all started when Stella spilled coffee on herself and successfully sued McDonalds. This case inspired the Stella Awards for the most successful lawsuits in the United States.
Kathleen Robertson of Austin, Texas, was awarded $780,000 by a jury of her peers after breaking her ankle tripping over a toddler who was running inside a furniture store. The owners of the store wewe surprised at the verdict, considering the misbehaving little toddler was Mrs. Robertson’s son!
Terrence Dickerson of Bristol, Pennsylvania, was leaving a house he had just finished robbing by way of garage. He was not able to get the garage door to go up since the automatic door opener was not working. He couldn’t reenter the house because the door connecting the house and garage locked when he pulled it shut. The family was on vacation, and Mr. Dickson found himself locked in the garage for eight days. He lived off a case of Pepsi he found and a large bag of dry dog food. He sued the homeowner’s insurance claiming the situation caused him “mental Anguish”. The jury agreed to give him $500,000.
A Philadelphia restaurant was ordered to pay Amber Carson of Lancaster, Pennsylvania, $113,500 after she slipped on a soft drink and broke her tailbone. The beverage was on the floor because Ms. Carson had thrown it at her boyfriend 30 seconds earlier during an argument.
This year’s favorite could easily be Mr.Merv Grazinski of Oklahoma City, Oklahoma. Mr. Grazinski bought a brand new 32-foot Winnebago motor home. On his first trip home, driving onto the freeway, he set the cruise control at 70 mph and calmly left the drivers seat to go back and make himself a cup of coffee. Not surprisingly, the R.V. left the freeway, crashed and overturned. Mr. Grazinski sued Winnebago for not advising him in the owners manuel that he couldn’t actually do this. The jury awarded him $1,750,000 plus a new motor home. The company actually changed their manuals, just in case ther were any other complete morons buying their recreation vehicles.
And people wonder why lawyers are so rich and insurance rates are so high.”

[Rick Montgomery]

in reply to: CDAA Conduct #1864

For years now, through clever diversion tactics, imposing shut-downs, questionable citations, politically appointed bodies of law, eventually the CDDA and now inconvieniently (for him) back to the G. Davis administration’s need to finally address the obvious, without another bill to defer responibility: The Original Sixteen to One has real logistical and stable ground upon which to stand, than what the G. Davis politically appointed quicksand can support.

Whether or not the imbedded Bench feels the bottom of the pit remains to be seen. So . . .we keep an eye open to truth (always the truth,) and watch for the next move.

However, given the fiscal predicament now facing the G. Davis administration’s limited longevity (temporarily preventable should it entertain progressive economic policy, i.e. private sector autonomy,) we wonder if no-one will show up for the show-down.

Dismissal would be sweet; defeat will be even better.

[Stephen Wilson]

in reply to: Gold Enters Major Bull Market #1863

Blanchard and Company has filed an anti-trust lawsuit charging Barrick Gold and J.P. Morgan Chase of cover-ups to manipulate the gold price. Blanchard is the largest retail dealer in physical gold in the United States. The gold dealer accused Barrick and J. P. Morgan of making $2 billion in “short selling” profits by suppessing the price at the expense of investors. Blanchard is seeking to end the trading agreements between Barrick, J.P. Morgan Chase and other bullion banks.

Blachard is seeking payment of losses caused by the alleged manipulation for its clients. Donald Doyle, Blachard’s chief executive made the following statements, “Since the end of 1987, when the collaboration between Barrick and J.P. Morgan began, the growth of global income and wealth would have lifted the gold price to $740 if the price had been able to respond to the normal laws of supply and demand.” “If gold had kept pace with inflation, the price today would be approximately $760.”

In addition, the following complaints were made:

1- During the past five years the two companies injected millions of additional ounces of gold into the market or several times more than the annual production of every gold mine in South Africa, the world’s largest gold producer.

2- Barrick and J.P. Morgan used privately negotiated derivative contracts and concealed additional billions of dollars worth of physical gold with off balance sheet accounting, Barrick made it virtually impossible for gold analysts and investors to determine the size and the market impact of its trading position.

3- Barrick and J.P. Morgan repeated short selling with advantageous terms not available to others including deferred repayment and no margin calls.

The question is posed, do other gold mining companies join in a class action suit against Barricks Gold and J.P. Morgan Chase for damages? If Blanchard’s allegations are true, was this scheme just a part of a concerted effort to suppress the price of gold by other unamed sources?

While people in North America slept last night the price of gold traded above $355 per ounce in Hong kong. Shortly afterwards the price of the metal was smacked about $10 an ounce. Was this selling facilitated by physical gold or just by paper entries? When will this house of cards come down? Trained market observers will tell you, when the spring can’t be tightened anymore prices will explode. It’s just a matter of time.

[Dick Davis]

in reply to: Miscellaneous #1862

Since 16:1 is offering its gold collection for 1.7 million, you might consider: 1) ebay auction with a reserve price (Eminen’s house brought in zillions, and lots of publicity), 2) the old adage “You can sell anything if the commission is right,” might apply, so consider raising the offering price to 2 million and pay a 10% commission. That should get someone’s attention.

[Stephen Wilson]

in reply to: CDAA Conduct #1861

“No man’s life, liberty, or property is safe while the legislature is in session.”

Mark Twain

[Stephen Wilson]

in reply to: 16 to 1 Mine #67

[Stephen Wilson]

in reply to: Gold Enters Major Bull Market #1860

Some thought provoking comments by a subscriber to the Dow Theory Letters http://www.dowtheoryletters.com appeared in the Members Section today. The following is the complete text of those comments:

“let’s see ….262 million ozs. times $320 market price equals roughly $84 billion to collateralize $6 1/4 trillion of debt…not including GNMA,FNMA etc. which are not guaranteed just approved by Government…but they would probably bail them out anyway…national debt grew over $525 billion in last 14 months…gold supply at market equals $84 billion …..in 14 months national debt grew more than 6 times the value of the U.S. Gold supply….I’m getting dizzy from this madness…..think I’ll hug my gold investments tonight…however being prudent I’ll start with my wife…. R Rosen”

Prior and up until 1935 holders of the the Dollar could exchange $20.67 of them for one ounce of Gold. From 1935 to 1968, the U.S. redeemed dollars held by foreigners only at the rate of $35 for each ounce.

The following is from the website http://www.cals.ncsu.edu/course/are012/lecture/lectu4/sld003.htm: “Some folks still think that the U.S. Dollar is backed by gold. It is not. What do I mean when I refer to the dollar being backed by gold? Well years ago, the U.S. treasury could only print as much money as the U.S. treasury had in gold reserves. For example, if the U.S. treasury had $1 billion dollars worth of gold in reserves, then only a $1 billion dollars of paper money and coinage could be printed or stamped out. The only way to increase the money supply under this system was to increase gold reserves. If gold reserves decreased due to payments in gold for imported commodities, then the money supply had to be decreased.”

For some expanded thoughts on Gold, Dollar and the Federal Reserve go to http://www.house.gov/paul/tst/tst2002/tst061002.htm where Representative Ron Paul of Texas elaborates.

[Stephen Wilson]

in reply to: L.A. Times Article #1859

I just recently finished reading and re-reading this fascinating article. The question that keeps repeating itself in my mind is, who really ordered it and why have they put Michael Meister Miller, and the Sixteen to One Mine in their gun sights?

The use of the sentence in the article, “Last month, its stock was delisted from the Pacific Stock Exchange for consistently trading below a dollar,” was very disturbing as the article appeared written months ago and was just waiting for an event to happen for its release. Could that event have been the indictments of Mike Miller, Jonathan Farrel and the Sixteen to One Mine? Were someone’s sights affixed on a double barreled shot gun to pop off concomitantly with each event?

Who could these instigators be?
Not the reporter, she takes orders from somewhere on what to write and the story has to be approved by her editor. It would have to go higher up from the editor. Is it someone at the paper with ties to the gold cartel?

Harry Shultz from the “Harry Shultz International Letter” once said, “Freedom of the press has always meant freedom for insiders to press their case. “If that were true, what would their case be?

A recent CNBC interview about the same time of this story in the L.A. Times was conducted with Wayne Murdey who is the Chairman of the Board of Newmont Mining. Mr. Murdey’s interview was interrupted (mentioned technical transmission difficulties) a few times while he was speaking of their last quarter, the reason for revised earning and his optimistic view of the company’s future. It has been suggested before that CNBC has used this technique or switched away from an important story to something of less significance to throw viewers off. In closing up the interview the reporter questioned him about a .com report concerning Newmont that was not favorable and spoiled his day.

Mentioning the .com report was a low class blow directed at a very reputable man and the world’s largest gold producer. This was clearly a trash move by CNBC and it was aligned closely in time with the L.A. Times report. There was no interrupted TV airing time of the posed question to Mr. Murdey or being placed in this ackward position to respond. If Pierre Lassonde, President of Newmont Mining, was either in the studio or watching on TV he must have been beet red for this cheap move by CNBC. The reporter was noticeabley uneasy about asking for a reaction to the report. Obviously, it wasn’t her idea and embarrased her as well.

Jim Rogers at
http://www.rogersrawmaterials.com used to make appearances on CNBC but he hasn’t been seen lately. I wonder if he said something that CNBC didn’t like about gold or something. Jim says that raw materials have been in a bear market for the past 25 years and there is a bull market in them every 20 to 30 years. If raw materials start a new bull market it can only accelerate the bull market that gold is already in. Richard Russel http://www.dowtheoryletters.com says that gold is in the early accumulation stage of its new bull market.

Harry Shultz in 1999 said, “The price fixers keep feeding the press and the producers misinformation about the size of the gold short position (nearly a billion ounces now), hoping to jawbone the price down.” “Other mistaken info (intentional or otherwise) comes from Chase, Deutsche Bank (their attitude has now changed) JP Morgan, AIG, Goldman, says Bill Murphy of GATA (Gold Anti-Trust Assn) who calls this “one of the great financial scandals of all time.” “CNBC/CNN gives lots of free airtime to gold bad-mouthers, but won’t let Murphy speak.”

So, why attack Mike Miller and the Sixteen to One? It is hoped that when people read all about this business in the article that it will turn them off to gold mining stocks in general and gold itself. The insiders hope that you’ll sell your gold stocks and your gold or you will never think of buying the two. In turn, they hope that you might even be a converted bad-mouther yourself.

In truth, this main body with all its tentacles reaching out in the press, the TV and through banks and brokerage firms is worried that all hell will break out once the gold bull is let out of his pen. All this bad-mouthing is intended on keeping him confined. The big question is, where is a billion ounces of borrowed gold going to come from? One of two places, from the coffers of the IMF and all the central banks of the world or from the earth very very very slowly over half a century or more. For the gold cartel to have committed to buy through short sales (hedge gold, lease gold, sell leased gold, short deferred gold, short gold spreads, buy gold puts, sell gold calls and enter exotic bear gold derivates) all this gold will prove in time to be one of the biggest financial blunders in the world’s history. This is why you keep your gold mining stocks and your gold and convince your ears to tune-out to all the babble from the people who want to hyjack your gold.

[Jason Burke]

in reply to: Another U.S. precious metals miner goes foreign #1858

After leaving the 16-to-1 as Mine Engineer, I worked as a civil engineer in Roseville for four years. I am now also a licensed Mining Engineer in the State of Nevada. I am also now Lead Underground Surveyor (and part engineer/geologist) for Stillwater Mining’s East Boulder project. I did not leap blindly into this endeavor. If anyone has any questions about Stillwater or the 16-to-1, please let me know. I’ll try my best to answer.

Jason Burke

[Stephen Wilson]

in reply to: 16 to 1 Mine #59

[lynwood]

in reply to: Another U.S. precious metals miner goes foreign #1857

I knew tHis FORUM COULD BE A REAL AREANA FOR TRUTH ABOUT THE EXPANDED WORLD OF MINING. When Miller went after Homestake Mining he knew what he was doing. HM was a casualty of war.
bluejay, you told me a bunch about Stillwater and global mining.
One day during a 5 day MSHA quarterly inspection, Stillwater was issued 135 citations on just the third day!
One regular quarterly inspection.
When the LA Times reports that the Sixteen To One got 180 citations in 17 years, what would readers think about its safety program?
bluejay, thanks for your research. More anytime.

[Stephen Wilson]

in reply to: Another U.S. precious metals miner goes foreign #1856

It was announced today that Stillwater Mining has proposed selling a majority 51% equity interest to Russian company, Norilsk Nickel. This anticipated transaction follows behind the foreign sale of Homestake Mining to the Canadian miner Barrick Gold. The Homestake shareholders are to blame for allowing this American tragedy.

Clearly, Norilsk Nickel had the financial strength to carve out a better deal for themselves than the ailing Stillwater. Stillwater is still smarting from a battering of filed class action suits that originated following a SEC review of its filed shelf offering. The SEC advised Stillwater that in “their interpretation” of the industry standards the company was overstating their probable reserves.

Stillwater’s alleged foul was they were vertically projecting their probable ore reserves in certain ore blocks for distances of up to 1,900 feet beyond sample points. Stillwater Mining stated,”These projections were based on demonstrated ore continuity within the J-M Reef, the Company’s knowledge of geologic features affecting ore continuity and reconciliation of prior ore reserve estimates with actual mining results.” Stillwater resolved the SEC’s concern by lowering the distance of projections to 1,000 feet.

Francis R. McAllister, Chairman and Chief Executuve Officer said, ” While the Company’s ore reserve methodology has stood the test of 16 years years mining experience, the scrutiny of independent experts and now this review by the SEC, it is important to put this matter behind us with a manner which we believe fair to our shareholders.”

The “their interpretation” has significantly cost the shareholders, not the company. In addition, you can always count on the attorney’s when they smell blood or have been politically pointed in a specific direction to satisfy someone’s greed or necessity against the shareholders.

As a shareholder of Stillwater, there is the smell of a big rat with this deal. Norilsk is giving the company $100 million cash and approximately 876 thousand ounces of palladium in a declining market.

In December of 2000 palladium almost hit $1100 an ounce and today it’s on a low of $274 after breaking some support at just above $300 an ounce level recently.

The Russians are shrewd metal traders. In 1996 Boris yeltsin said, We’ll sell the world all the palladium that they want.” That’s when palladium was selling for $125 an ounce. Four years later it hit about $1100. Yeltsin proved to be no less than a market thug, manipulating traders to sell the metal short and in the later process of higher prices squeezing the life out of them when his country withheld palladium from the world market for an extended period and blamed it on labor problems. The labor problems were the result of the government not paying the miners. Trust the Russians, I don’t think so.

For the first nine months of 2002 Stllwater reported total cash costs per ounce of $279, not total costs, cash costs. With the last sale per ounce of $274, what do you think will happen if palladium goes further into the tank? Big daddy Norilsk puts his money into the company and takes more stock and the original shareholders take home a smaller piece of the pie. Eventually, maybe, the Russian company owns the whole pie and America has lost another great mining company with the largest single deposit in the world of palladium. That would be nice for Norilsk Nickel, they could be another Debeers(head of the world diamond cartel) and tell you and I and industry what we’ll have to pay for their precious palladium.

This deal may have started with someone, guess who, looking for gold. Norilsk Nickel recently acquired a Russian gold producer and now accounts for over 15% of Russia’s gold production. Maybe, Norilsk said, if I direct my gold to you, what can you do for me?

If anyone still has any questions about the integrity of dealing with these people give Bill Gates a call and ask him about the experience that one of his companies by the name of Pan American Silver had with them.

This deal if it originated with someone trying to locate a gold source may indicate that some part of the 994,832,857 ounces of gold that is short in the marketplace is starting to wriggle. There currently is a fierce battle being fought between the people who want to hold gold as security against a financial meltdown and the commercial banks who have been selling gold that they do not own. The commerical banks, through derivatives, represent 89% of the total short position. The legitimate hedging gold producers account for the remaining 11%.

It will be another national shame if this is the start of another scheme to steal one more of our important mining companies. It is bad enough when the little gold producing companies are taken to the mat without moral cause but to witness the loss of another big mining company would be a blow to our national dignity

[Gerard Forsman]

in reply to: 16 to 1 Mine #58

[Rick Montgomery]

in reply to: L.A. Times Article #1855

This crap is no accident.

[Gerard Forsman]

in reply to: L.A. Times Article #1854

Well, I paid the $2.50 to read about the ongoing saga about the 16 to 1 mine. Is it my imagination or were there a few inacuracies and half truths in that article as to sway the public opinion. If I were Don Russell, (editor of the Mountain Messenger) I would pick that story apart and tell the whole story, correct the inacuracies, and put the world on notice. The more things that happen to you in life, the more you will be held responsible. The next time a policemans bullet proof vest doesn’t save his life, send the CEO of the company who makes them to prison. The next time a clerk at a 7-11 is shot and killed, why didn’t the boss do all that was possible to keep that from happening in the workplace. It’s happened a few times in the past. The next time an old person dies of hypothermia because they couldn’t afford to pay the electric bill because the rates were to high, send the people in charge of rate hikes to jail. The next time there is a terrorist attack and people die, lets do something about the people who are supposed to warn us and prevent those things from happening. The world is not a perfect place. Accidents happen no matter what precautions we take. We must all be responsible for our own actions. If you were a lifegaurd and you drowned in the ocean, would your boss be at fault? Most people would say, “How terrible! The ocean is such a dangerous place.” It would be your job to see both the seen and unseen dangers in your workplace. You are the professional. Or, should your boss be held responsible because he didn’t take you by the hand everyday and tell you something that you already knew was possible. Nobody wants to be called stupid or unprofessional. But, sometimes, people say to themselves, “I don’t need to do that, I’ll remember.” And when they don’t remember for an instant, bad things can happen. That is what they call an accident.

[karl coffield]

in reply to: Miscellaneous #1852

I am writing a paper on hard rock gold mining and would like more information on the x-ray tech. for finding gold in the mines walls.Any help would be greatly appreciated

thanks for any response

[Rick Montgomery]

in reply to: CDAA Conduct #1853

Seems curious that no one wants to bite this one off except Mike and perhaps J. I will.

Accidents will always happen, no matter the precaution (prescibed or not) by those of us who aren’t captivated by the restrictions of social (dare I say commy?) wind-sniffing. And when they do, sharks circle.

CDAA has no better target?

Typically we’d expect $$$$ as the motivator, but that’s certainly not object (or is it?)….so what is?

I’m willing to wait, just a while, to see who’s got the balls to say it besides me.

[Stephen Wilson]

in reply to: CDAA Conduct #1851

The Sierra County Grand Jury has just handed
down an indictment for manslaughter against the
Original Sixteen to One Mine and some of its key
employees. The California District Attorney’s
Association has been a key player in pushing the
Grand Jury into this indictment.

The CDAA is a group of attorneys who stand ready
to assist county district attorneys when their
support services have been requested. Sierra
County never initially requested their services. CDAA
just appeared one day at the door. What motivated
the CDAA to push for this criminal investigation and
not Sierra County will always be a question.

The CDAA is a political organization swooping down
like birds of prey with an agenda of their own. This
has all been done outside of their legal status
contract with the State’s Labor Department who
employs this private contractor. Over zealous?
You bet it is!

It is strongly suggested by the State Labor
Departments’s inaction to censure the CDAA that
they condone this trespass outside the legal boundries
of their contract with this group of attorneys. This is
no more than a breach of legal ethics for both parties
and constitutes an embarrassment for the State.

The CDAA’s power play to bring the mine to its knees
is a typical example of a state bureaucracy totally out
of control. Unfortunately, the damage has already
been done. It is a sad state of affairs in this country
when elected officials condone the activities of a
rogue pack of attorneys to rake over the lives of
people and their property.

[Rick Montgomery]

in reply to: 16 to 1 Mine #142

[Rick Montgomery]

in reply to: CDAA Conduct #1847

For at least two years running, I’ve written occasional segments on the Forum Page delineating my concern for the private sector enduring undue harrassment toward the Original Sixteen to One Mine by the very government agencies created for the purpose of protecting the mine and miners themselves.

Harrassment has been witnessed at length by those of us who have the strength of character to focus on the precise issue: appointed hacks at the National level and now the State level have been granted political power to wage social, economic and now criminal warfare upon the backbone of Freedom…upon free enterprise itself.

In response to this most recent debacle in which a direct assault on propriety and safety concerns is now engaged, the President of the company, Michael Miller, delineates a basic truth: our freedoms (not only ours as individuals protected by the U.S. and State of California Constitutions, but in this latest case those of the management of the Original Sixteen to One Mine) are now blatantly subject to the unaccountable and the facist (yes, I said that) whims of corrupt “public” interests.

If it were tea, it would be thrown in the Bay.

If it were trees, they would be climbed and lived in.

If it was an endangered species….

If it happens to be a convenient target: take cover, because no entity is secure from political motivation (and now, the farce of the stinky sector of the legal profession.)

If we are to believe there was no “Concern for the Miner” exhibited at the scene of Mark’s death, I implore anyone reading this to look in the mirror and suggest that your own parent or child or best friend’s death didn’t mean anything to you.

Such arrogance stinks. He didn’t go down there just because he had no pride.

Otherwise, we’d be politically motivated lawyers…not rugged individualists as we are.

Government lawyers mine miners; miners mine pride.

[Stephen Wilson]

in reply to: Stock exchange listing #1846

Management’s decision to open up a book market of buy and sell orders on the website is the best they could have done following the temporary suspension of OAU, not delisting, on the old PSE. Shareholders interests are best served by participating on current bids and offers on an exchange or on the company’s book market. The OTC market, especially for a stock like OAU which is usually thinly traded. does not let you participate on the bid and offer side. For example, if the OTC market is 60 cents bid and offered at a dollar you would never buy it at 60 cents or sell it at a dollar. This is because the OTC market maker sells in front of you or buys in front of you. In the opinion of some professional traders it’s a scam market. On the other hand, the Canadian exchanges don’t really have a market maker stepping in front of you. If you go to http://www.canada-stockwatch.com and pick a stock like G for GoldCorp the bids and offers are displayed (time delayed from 15 to 20 minutes) with size and the member bidding or offering identified. Current quotes can be accessed on a monthly basis from a quote vendor. This is visibility. You can easily check time and sales because the trading is done is one place. In the OTC market for lightly traded issues it can be a nightmare. Recently Original Sixteen to One was quoted in the pink sheets where it can still trade and what came back for a quote request was unacceptable. The market quoted back was less than a penny bid and no offer. This is no more than a license to steal stock from a potential seller unfamiliar with the X-Mart on the website. A bid was soon put in at 50 cents to keep the guy honest. I have noticed that E.TRADE is a member of the Canadian exchanges. If they are members you can enter orders and get quotes from them here in this country. As far as exposure is concerned in this country management has done a good enough job in getting the word out with limited funds but exposure on a Canadian exchange gets interest focused on OAU from the Canadians and the Europeans. That smells like potential buying interest to me. There are more private placements being done up in Canada in precious mineral stocks than people are aware of. If anyone has a question on trading volume that the Canadians do just compare trading in ABX, AEM(AGE), MDG(MNG) and PDG to name a few on the TSE to the NYSE. The currency exchange rate might be fun to figure out. Try checking your exchange rates in the paper and applying them to converted Canadian funds from U.S. funds. An advantage to listing in Canada would be, even if you are holding a U.S. stock, to be invested in Canadian funds. Canada and Australia are known by some as being natural resource currencies and if gold decides to move higher the Canadian currency will probably do better than the Dollar. As everyone is aware the company has been regulated far in excess of what a reasonable person would feel is just. If the old PSE people don’t want a small historic gold company’s listing with them, then so be it. That’s their loss not ours. Their gripe is that the stock sells for under a buck, so what? Everything is traded in pennies today anyway. The truth of the matter is that their jobs are on the line with this foul market . Their position should be trying to list as many natural resource companies in precious metals as fast as is possible, not in delisting one of their last ones. Does anyone ever wonder what happened to the small mining companies in this country. They have been regulated out of business as well as the exchanges they traded on like the Salt Lake Mining Exchange and the Spokane Stock Exchange all in the name of investor protection. Anyone that reads the papers must know the regulators failed us with Enron and the many companies that conspired to cheat the citizens from the state California out of their hard earned money. We are all being eaten alive by inflation that doesn’t exist according to the powers in charge. We can buy lotto tickets, we can go to the track and we can gamble at casinos but we are not permitted to easily invest in speculative mining ventures in this country. Most major mining companies today started out as grass roots operations with little or no regulations years ago. Our grandfathers in the mining industry were permitted to ruin the environment for the sake of supplying gold and silver to war efforts as early as the Civil War. Why do any shareholders of any mining companies have to be responsible for the clean up? Why shouldn’t the government be forced to take responsibility for the after mess that they condoned through their inaction as caretakers for the environment? If, let’s say, 2000 people in this country follow OAU, how many more would start following it if the stock were exposed to the Canadians and the Europeans and others via Canada? Years ago I remember when gold was trying to get to $1000 an ounce and this country’s OTC markets and exchanges couldn’t supply the gold stocks people wanted so the buyers invested millions through the Canadian exchanges. The market places down here were so jealous that a campaign was started to attack the Vancouver Stock Exchange. Our thinking has been moulded by the brokers that have financial interests on the exchanges and in the OTC market. The campaign called certain people crooks on the Vancouver. Sorry, we have real crooks here that like to steal money from shareholders big time. An ironic twist to the company’s X-MART is that they might have more orders on the company’s book than were in the specialists book in San Francisco.

[Jason Burke]

in reply to: Water and Arsenic: which came first? #1845

I thought that it would be a good idea to relate to you an excerpt of a phone conversation I had with one of the staff engineers at the Central Valley Regional Water Quality Control Board.

I had called at the request of the mine to try to get some information and assistance regarding the new monitoring requirements to which the 16-to-1 is now subject under their new NPDES permit.

During the course of the conversation, I asked (as I had done in front of the board) how they can justify requiring an arsenic limit that is below the background arsenic concentration of Kanaka Creek. In addition, I asked how they proposed reducing the arsenic discharge from the many abandoned mines in the watershed.

Now, there are a number of possible responses that could have been put forth by this single representative of the board. Some of them could have made sense, and some of them could have been B.S. The one that I got was downright shocking.

The response was:
It is one of the long-term goals of the regional board to eventually have every abandoned mine that is discharging water into a natural watercourse be permitted with a NPDES permit. What this means (and I asked for clarification on this) is that if anyone, from a private citizen to the federal government, owns land from which there is a discharge of water from an abandoned mine (or other point-source of pollution), that owner or some other responsible party will be required to apply for a permit to discharge. All that is necessary for this to happen is for the board to discover a mine that they didn’t know about before. How do they find out? Anyone can report it to them or to any of the agencies that the board uses to perform its investigations (DFG and local law enforcement are two examples).

What are the effects of suddenly needing to file for a NPDES permit? Essentially, you will need to perform site assesments and water sampling, develop a mitigation plan to reduce or eliminate any pollutants deemed detrimental to the natural watercourse (including turbidity, taste, odor, color, floating material, hydrocarbons, heavy metals, biological oxygen demand, pH, temperature, pesticides, and any other constituents as determined by state or federal statute).

Remember, ANY ACTIVITY THAT DISCARGES WATER TO LAND, SURFACE WATER, OR GROUND WATER is subject to this permitting process.

Good luck.

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