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A pleasant surprise to find moments ago! Alleghany was without power since Saturday. It was just restored. The surprise is this new topic. Yes on installing water power. Permitting is not an issue. The head from our spring to Kanaka Creek, a 760 foot drop in elevation, creates very high water pressure. Also all facilities will be on private patented land.
The time for this is now.
Mister Pelton invented his Pelton Wheel in Camptonville, about 40 minutes from the mine. Our Company has a Pelton Wheel numbered “one” at our mine site. It is in place installed years ago.
Growing document-able interference in our business relationships continues diverting our attention, such as the installation of solar and water power. With the help of you, let’s find the equipment and build our own electrical energy. Sixteen has been green before it became fashionable and will continue.
in reply to: Clips from Alleghany #6422Scoop,
Actually, I’m not sure how bad the fire danger is up there right now. I’m thinking that it’s mostly the lower elevations that are so tinder dry.
At any rate, I can tell you that there are some subtle changes beginning to take place over the Eastern Pacific Ocean in the Jet Stream.
It’s possible that rain is only a little more than a week away if you can just manage to make it until then.
Best Regards,
Fred M. CainI, too, have wondered why we can’t generate our own electric power especially with a significant perennial creek running right nearby.
Perhaps an older, second-hand water turbine and generator could be found.
It would be economical and pay for itself within a year or two. A big plus would be that you could hold yourself up as being “carbon free” since water power produces no CO2 emissions. Surely that would help please some of the environmentalists.
Unfortunately, I have no idea what the permitting process would be like. Probably a nightmare. Both the State and the U.S. Forest Service would have to approve this.
How did the mine generate its electricity back in the old pre-REMC days? Surely there were no power lines back in there before 1930.
Regards,
Fred M. Cainin reply to: 16 to 1 Mine #527in reply to: Clips from Alleghany #6418Tahoe National Forest is going powerless in two hours along with an estimated 10% of the land mass of California. PG&E implements # 5 black out expected to last through October 28th. High winds expected this afternoon and evening into Sunday and perhaps longer coupled with hot temperatures has residents on edge. For the MINE, no electricity means the water is a rising!
Notice has been given last week to be prepared to evacuate: have a “to go bag”, gas in your vehicle, water and food, including food for Fido and Sylvester.
One safe haven in south west Tahoe is the underground Sixteen to One.
If all exit roads are on fire and fire is near, go underground. Sounds like a hippy battle cry from the late 60’s.
in reply to: Stock exchange listing #6417Michael,
Thanks for the post and the information. Buying “grey shares” for OSTO (or for any thinly traded “penny stock”) has become very problematic and erratic.
I’d had an order in with my broker in my IRA for nearly two years and was not able to get any. Everytime I entered a good-till-cancelled order it would just expire after 60 days. Then I’d have to enter a new one.
Lately I had an order getting ready to expire again so I added a second order and bumped my offer price up by a penny. Then all of sudden boom-boom! They BOTH executed at once. Go figure! There is no logic in this.
I spoke with a small broker a few years ago who explained to me that years ago when someone would attempt to buy a “penny stock”, the broker would call around looking for shares. No more. It’s all done by computers now and most “grey shares” or “penny stocks” trade under the radar so that that the computers simply cannot “find” them.
So, why do I do this? Two reasons. Number one, I hate to say, the “grey shares” are a whole lot cheaper. But since I cannot get my broker to provide me with a certificate, then I guess I’m getting what I’m paying for.
The other reason is a more pragmatic one. Right now I happen to have more cash sitting in my IRA doing nothing than I have in my bank account. So buying shares on our company’s stock board right now is not an option for me. That might change, though.
Best Regards,
Fred M. Cainin reply to: Stock exchange listing #6416Good fortune to the existing shareholder who bought 20,000 shares of OSTO this week. The price as stated in my Schwab account was $0.109. The grey market mystifies even the professionals. But…a trade was executed and reported.
Someone ,somewhere must run grey market activities. For you followers of the website and a buyer or seller interest, try internet brokerage services. Let me know your success as buyer or especially seller.
in reply to: Stock exchange listing #6415A dozen calls (as recently as yesterday) are ringing with interests in buying shares. We have a new transfer agent and expect prompt responses in the future for share transfers.
If an existing shareholder wants to sell shares, write me and name your price. The grey market is still grey.
in reply to: Clips from Alleghany #6413No fire threat PG&E shut offs yet in Alleghany. Possibility announced fro tomorrow. Beautiful day…no wind.
in reply to: Clips from Alleghany #6412Has Alleghany been subjected to the PG&E blackouts during hot windy days?
If so, has that affected mining activity?
in reply to: Clips from Alleghany #6411Fall burst upon Sierra County last week end with freezing temperatures and a dusting of snow. No big deal forunderground gold miners.
Lightning and heavy rain hit Alleghany. Third quarter federal mine inspectors (MSHA) wrote no citations for the underground.
Some tail lights were broken on the surface loaders and one report was not filed in July. That super pocket of gold remains hidden. “It’s in the next round” is miners response to how’s it going.
in reply to: Gold Enters Major Bull Market #6410This price history may be of interest:
in reply to: Gold Enters Major Bull Market #6409For the 20-year period, gold has returned more than 485 percent, beating Warren’s Berkshire Hathaway, which was up 426 percent. Not only that, but gold royalty and streaming company Franco-Nevada, has beaten Buffett too.
in reply to: 16 to 1 mine bars #6408Thx for the info, Michael. I’ve been looking for a bar for years, and feel lucky to have found one. But I paid a heck of a premium. Still, it was worth it to own a piece of history. I know it’s far more profitable for the mine to sell gold raw, but I think the bars with the 16:1 stamped on them are more interesting. Mine doesn’t have a loop. The serial number is 1621, though. Apparently, the original owner requested that serial number when it was made, and the mine obliged. I’d post a picture if someone could tell me how.
in reply to: 16 to 1 mine bars #6407Congratulations on your purchase.
Records of the sale of our “mini bars” are stored, really deep storage. We’ll do some exploration next week. Mini bars were three sizes: quarter ounce, half ounce and one ounce. They are all cast with Sixteen to One gold. One of our refineries processed the dore resulting in four nines (.9999 ) and the silver as a remainder. Our gold is about 85% gold and 14.5% silver.We priced the bars at spot plus the cost of making them. Bar design changed each year. All have date of production. We made mini bars for five years (1993-97). Oh, one more fact. Some mini bars have a loop so it becomes a jewelry piece. My daughter has some and when she wears one or sometimes two, people ask, “What are those?” If yours has the loop, check it for wear. A goldsmith can beef up the loop.
Perhaps others who acquired a mini bar want to sell. If so, write me or post it here. I’m a buyer for a seller. Any size any year.
in reply to: 16 to 1 Mine #526in reply to: 16 to 1 mine bars #6406Hi all,
I love the history of this mine!
I just acquired a 1997 1/4 oz bar from the 16:1 mine. I’m wondering if anyone can tell me the other alloys that typically comprise this .916 pure gold. I’m wondering if it’s silver. Also, does anyone know how many of these were produced? Thx so much!in reply to: Stock exchange listing #6401I agree with you, Scoop. London is still attractive. But please be aware that you would be listing at an exchange that is owned by China.
in reply to: Stock exchange listing #6400Australian Securities Exchange and Toronto Stock Exchange mining companies report liquidity has been low and the depth of institutional investors has decreased. Juniors struggle to raise capital in recent years, particularly in North America. Listing on London Stock Exchange (LSE) is an option.
Twelve mining companies made their debut in London last year. Mining is a key LSE sector, representing more than half a trillion dollars of market capitalization. One hundred sixty five mining companies are 23% of the global market capitalization of mining companies. One hundred mining companies are valued under $100 million.
In Canada the ability to raise new capital has been particularly difficult given the focus in the region on other business sectors. After it was legalized in the country in October 2018, cannabis-related firms have not been favorable for mineral explorers. Interest in cryptocurrencies has also made it hard for juniors to raise capital in Canada. London market has a deep pool of institutional capital, meaning that even in difficult times capital should be available. Juniors must work hard to prove themselves, regardless of whether listing in Toronto, Sydney, Johannesburg or London. London appreciates quality, production and near production companies.
The deep pool of available capital in London means that international mining companies are increasingly tapping into the UK’s investor capital to support new projects and expansion. Companies will ultimately follow the money when listing.
SCOOP says: Sixteen to One is quality, has production and knows where major near production awaits your drills.DEAR FELLOW SHAREHOLDERS,
I’ve heard reports of phone calls and letters seeking your shares for $0.20 a share. The buyers are hostile to Original Sixteen to One Mine, Inc. Some shareholders, current and past directors and management know they enacted a “loan-to-own” move to bankrupt our Company. As its lender, they would acquire our property. I refer to this smarmy group as the “Triumvirate”. You are making a huge financial mistake if you succumb to this offer. Regaining a public market place, an equitable and evenhanded one, continues high on our list of “to do” goals. That will be a much better time to consider selling your interest in our future.
A group of proposed and existing shareholders are ready to beat the $0.20 share offer. As your President and significant shareholder, I have zero interest in selling my shares. Additionally, I strongly advise you against selling at this time. I am prepared to confront the Triumvirate on August 31, 2019. Briefly:
ACTS & EVIDENCE Intentional Interference by Silicon Valley Triumvirate: Carl BERG, Quartzview Corporation,Roger Haas:
Making false claims of violations to: Mine Safety Health Administration; California OSHA; Nevada County Sheriff office; Sierra County Sheriff office; State Fund Compensation Insurance; Superior Court of the State of California Sierra County; California Central Water agency.Libel and slandering President Michael Miller and others; solicited our employees favors; lied about environmental degradation by dumping rocks illegally into Kanaka Creek, allowing gold high-grading, drug use, mismanagement; threaten lawsuits harassment; placed surveillance cameras on mine property.
Hired professional geologist to prepare false and misleading accusations about the mine, its operations and our Company ; hired private investigator firm (California Private Investigation License No. 27223) to lead a fired miner into false and misleading observations. Investigators Morgan and Salfen presented themselves as government representatives.
Tortious interference, also known as intentional interference with contractual relations, occurred as Triumvirate intentionally damages business relationships.
Triumvirate’s tortious acts prevented the Company from successfully maintaining business relationships, one example of many: the resignation of Director Scott Robertson. Damages occur when conduct intentionally causes a second party not to enter into a business relationship. Such conduct is termed tortious interference with prospective business relations, expectations, or advantage or with prospective economic advantage. Triumvirate wants a trophy, Sixteen to One mine.
Our License Agreement with Triumvirate is an economic relationship with reasonably, probable, future economic benefits and advantage to shareholders.
Section 5- Relationship of Agreement states: the relationship of the Parties established by this Agreement is that of independent contractors, and nothing contained in this Agreement shall be construed to (i) give either party the power to direct and control the day-to-day activities of the other. Triumvirate knew this and was aware that if it did not act with due care its actions would interfere with this relationship and cause us to loose future economic values. Its negligence caused damage to shareholders in that the relationship was actually interfered with and disrupted. Actions were willful and negligent.Typical legal damages for tortious interference include economic losses, if they are be proven with certainty, and mental distress. Additionally punitive damages may be awarded if malice on the part of the Triumvirate can be established. All can be proven.
Quartzview also is in 100% default of every milestone and commitment in the License Agreement. The Silicon Valley corporate structure failed to identify a single target of gold with its technology.
Contact me by phone (530) 287-3223 or email: mmeistermiller@gmail.com for any additional information, clarity or support.
Regards, (written on July 31, 2019 and mailed to shareholders August 2, 2019)in reply to: Clips from Alleghany #6398WOW ! ! ! ! Judging from the accuweather radar, northern California appears to be getting some rare summer rain this year. This year continues to be something else!
I assume that some rain has fallen on Alleghany, as well. There probably will not be much of a fire season up there this year but I’m sure no one will be disappointed about that!
Looks like you might just get a break in the fires!
Best Regards,
Fred M. Cainin reply to: Clips from Alleghany #6397Rural America, off-the-path with country and city dwellers, encounters distinctive, not ordinary challenges. Alleghany raises the bar for jumping through life’s rural challenges. For example: Alleghany and the mine have lots of electric power. There are numerous outages year round. Yesterday, Alleghany had full power but the mine had no power. This means no compressed air and no water pumping. PG&E was notified, arriving mid-morning today. Power back on about 11am.
A squirrel made a fatal mistake. It climbed the utility pole, stepped onto the ground wire and then touched the high voltage wire. Oops. It was all over fast. Shareholders probably know your mine buys 500 amps of three phase 4160 volts from PG&E. Monthly bill is $5,500.
Our rural is in southwest Tahoe National Forest, of the Sierra Nevada Mountains. Alleghany has an abundance and variety of wild life: bears, cougars, bobcats, foxes, deer, pigs, hawks, owls, ravens and smaller feathered friends, ringed tail cats, raccoons, coyotes, frogs, lizards, bouncing rabbits (multiple sizes), snakes, mice, giant wood rats, banana slugs and one less squirrel. Who can honestly infer that all mining is hostile environment for wild critters?
Alleghany is technologically rural: satellite internet only, no cell phone service and peculiarly odd hard wire phone service. A giant dish sends messages miles north to a screen that looks like the old drive-in movie screens. Scoop has no clue where that message goes; but something Alleghany knows for sure: unsecured phone communication and erratic operations. Moments ago all phone service except calling another Alleghany number is gone. Alleghany cannot dial the outside world. Are we isolated or not? This outage may last for days. So, if you are calling the mine office, Buena suerte.
in reply to: Let’s back physical shares with physical gold #6396About twenty months passed since an entry on this topic. A shareholder asked recently, “When will OAU finally seek real financing even at the cost of dilution?” It is a solid question except who are and what is “real financing.” Hans Kummerow started this thread on January 13, 2015. I replied the next day.
Here is how real financing should investigate and initiate with our Company. Establish a partnership with like-minded people or just handle it yourself. Place $3 million into the partnership on your terms with the other partners. Negotiate to enter into a limited partnership woith Original Sixteen to One Mine. Earn a GROSS gold payout thirty days after production in refined .999 fine AU. Other benefits can be included once the initial financing is returned, such as: right to purchase gold below spot, stock option.
Now, if there are any real financiers who lack a gold position or want to strengthen their existing one, call me. Once we affirm who you are, come to Alleghany and learn details about the most proven and underappreciated (financially) gold opportunity IN THE WORLD. If anyone knows one with greater upside related to risk, call me so I can join.
in reply to: Gold Enters Major Bull Market #6395I believe China has been buying silver for months. Silver is way undervalued.
in reply to: Gold Enters Major Bull Market #6394Welcome back Bluejay. What do you foresee for silver? Every writer about precious metals makes a huge point that silver lags well behind gold. They write expecting a major increase in spot. The silver miners are having a hard time operating. Does supply and demand enter into spot pricing or is it about long/short positions, or other topics.
The expectations support that a dramatic move will occur. What people or institutions have major long or short positions?
Why would anyone think that a short silver position is smart?
in reply to: Gold Enters Major Bull Market #6393Gold pushing above $1370 is favorable for the metal and prepares it for its next major intermediate advance within its current bull market.
in reply to: Stock exchange listing #6392Michael,
YES ! Right on! I had problems myself with the girl at the old transfer company returning my calls and stuff.
I hope this is an improvement.
Regards,
Fred M. Cainin reply to: Stock exchange listing #6390We hired a new transfer agent; former was not responsive for making transfers or communicating with Rae and our new agent in Reno. I flew to Spokane and drove to Post Falls, Idaho Monday June 24, returning Wednesday June 26 with our documents, now in the hands of Nevada Agency and Transfer Company. Check it out if you want. I expect significant improvements for all.
This change is important for future buyers and sellers using our “STOCK” topic of the website. Buyers and sellers are matched but we could not close the transaction. Problem solved.
in reply to: Another U.S. precious metals miner goes foreign #6389In this case, it would be another Canadian precious metals miner goes foreign.
Credit: Jackson Chen (mining.com)
Shares of IAMGOLD Corp. (TSX: IMG) surged over 9% on Thursday — its biggest jump in four years — amid whispers of a possible bid from China. The nation’s second-biggest gold mining company, China National Gold Group Corp., is said to be considering a bid for a stake in IAMGOLD, according to BNN Bloomberg’s latest report.
So far the report only says the state-owned gold miner is in discussions with financial advisers regarding a potential offer. China National Gold has not responded to the bid rumors.
Just last month, IAMGOLD went public to address reports of a planned asset sale, stating there were no material changes in the company. However, the Toronto-based gold miner also did not openly deny it might be in talks with advisers and potential buyers.
China National Gold is the largest shareholder of Hong Kong-listed China Gold International Resources Corp. and Shanghai-traded Zhongjin Gold Corp.
IAMGOLD currently operates four mines — three in Africa and one in Canada — producing a total 882,000 ounces of gold last year.
The company’s most recent quarterly results fell short of analyst expectations, and earlier this year, it cut workforce at the Westwood mine by 32%. Reports of IAMGOLD exploring an asset sale followed shortly after its Q1 release.
A week prior, CEO Stephen Letwin said at the Mines & Money conference in New York that “we are going to see consolidation” and “there are too many mid-tier miners” — commenting on the sizable mergers that have materialized in the industry. Letwin added that IAMGOLD gets “a lot of interest” from Chinese investors.
in reply to: Gold Enters Major Bull Market #6388Pundits: love ‘em or leave ‘em or be entertained and educated. In a matter of days the gold market looks different from is narrow and predictable behavior. Some pundits write, “The gold market has totally changed.” Maybe but I am always aware of Lee Erdahl’s past director (check website for past directors history) sage advice. “When asked about the future spot price of gold, I advise you say that you know one fact for certain: it will go up and it will go down.”
Gold has its interventionists on both sides. It is an expensive playground and very serious. If I were a bear, I would not be piggy. If I were a bull, my horns would be digging in the ground, my eyes would be alert and I would buck any rider off my back..
in reply to: Another U.S. precious metals miner goes foreign #6384It appears that the Mountain Pass Mine in SoCal is operating again. It was purchased out of BK by JHL Capital of Chicago. Somehow a Chinese company owns 9.9% of it. I wonder who they paid in order for permission to buy in to our only rare earth minerals mine?
in reply to: Another U.S. precious metals miner goes foreign #6382The loss of an economical rare earth producer in southern California is due to ignorance by California Water Boards. Attempts to educate those board members falls on the boards and to a minor degree the various staff advisors. Enlightenment has become a necessity to secure our national defense. Latest news below:
CHINA WEAPONIZED RARE EARTH
May 29, 2019 |
Chinese state-run media outlets published reports Wednesday, including an editorial in the top newspaper of China’s Communist Party, hinting at the possibility of cutting off exports of rare-earth materials to the U.S.China supplies about 80% of the United States’ rare-earth imports, which are then used in everything from smartphones to electric vehicles.
“China, as the dominant producer of rare earths, has shown in the past that it can use rare earths as a bargaining chip when it comes to multilateral
negotiations,” Northern Minerals CEO George Bauk told Bloomberg.Rare earths actually are found all over the planet, but China supplies the most largely due to environmental issues and pollution caused by their production. Rare-earth materials are made up of 17 elements from the periodic table that are found in a number of products critical in U.S. manufacturing, including batteries, flame retardants, smartphones, electric cars and fighter jets. They are reportedly used in tiny amounts, but are crucial to the manufacturing process.
It wouldn’t be the first time China weaponized its rare earths. In 2010, Beijing cut off exports to Japan after a Chinese boat captain was captured by Japanese authorities. The ban was so effective, Japan immediately released the captain in what the New York Times described as “a concession that appeared to mark a humiliating retreat in a Pacific test of wills.”
in reply to: Clips from Alleghany #6381you live/work in a beautiful area! Internet shminternet.
You could live in Bakersfield, and get very consistent internet & cell phone service…
Hoping for a safe fire season in your area this year!!!
in reply to: Another U.S. precious metals miner goes foreign #6380There is High Grade in other parts of the world as well:
Journal: “Australian Mining” reported today:“RNC Minerals has unearthed its second high-grade gold discovery in nine months at the Beta Hunt mine near Kambalda, Western Australia.
An estimated 987 ounces of coarse gold has been recovered in 238 kilograms of rock from a series of veins, worth approximately $1.9 million at today’s gold price.
The discovery continues what has been a successful period for the Canadian company, after finding a 90-kilogram stone with a gold content of 1000 ounces in October last year at the Father’s Day vein at the Beta Hunt mine.”
By the way: RNC (Royal Nickel Corporation) CEO Mark Shelby, is listed at TSX in Toronto.
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