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- in reply to: Clips from Alleghany #1936
Just wanted Mike Miller, and everyone who helped with the recent Shareholders Annual Meeting, to know how much we enjoyed our day at the mine. The weather was perfect, and we heard lots of great mining stories. It was a real thrill to view and hold the “Whopper” gold nugget! The president’s message, presented by the one of a kind, Mike Miller, was fascinating. Our president is always upbeat, and just by listening to him talk, one gets the sense the Sixteen to One Gold Mine has unlimited potential. Even though this was not the best year for the mine, I get the feeling this coming fiscal year will be the beginning of a new era.
At the end of the day, my wife and I took the beautiful trip, with Mike Miller as our guide, to the old Plumbago Mine. Mike Miller was right when he said it is a beautiful ride. Since the Sixteen to One owns so many mining properties and claims we wonder what other jewels are owned by the mine.
If anyone reading this does not own stock in the Sixteen to One Mine, you are missing a chance to become a Shareholder in California’s oldest operating hard rock mine. Even better, because the stock is presently selling at bargain prices, you can become a Shareholder in a genuine historic California Gold Mine for a very small investment.
I am by no means an expert when it comes to gold mines. But I do know owning stock in the Sixteen to One Mine helps to fulfill a desire to become connected to the adventure of seeking out the elusive gold hidden in the mountains of California.
in reply to: Miscellaneous #1935I have been doing research on an
old stock certificate. I can’t find any information.
Can anyone shed any information on what happened to California Comstock gold mine? I believe its dated 1937. Make my day!in reply to: From the Sixteen to One Archives #1934I do not contribute often to the ongoing discussions on this forum, but I read with great interest the various opinions and ideas set forth in the many topics. It seems that some topics invite more profound reaction than others. A common reaction as of late has seemed to be one of nostalgic romanticism regarding the potential of the Sixteen-to-One and the many struggles which it has faced. I felt the need to contribute a little something from a book that I picked up not too long ago titled “Mining Engineers and the American West”, published in 1970 and focusing on the active roles played by mining engineers, managers, superintendents, financiers, speculators, and investors in the growth and maturation of the mining industry during the period of 1849-1933. I think it fits quite well with the latest discussions, as many folks are interested in seeing the mine persist just as it has since 1896. I think it is important to note that most of the “radical” ideas proposed for expanding the mine and allowing it to survive as a focal point of gold production in California are based on old philosophies and proven practices, albeit clothed in modern technology and jargon. Anyone who becomes motivated to invest money into the mine to realize a return on their investment would be wise to consider the technical methods behind the visionary ideas.
The following is an excerpt from the above-mentioned book. I think it illustrates the point that operating a mine is not child’s play. It is a complex, expensive, and dangerous business. If it is done correctly, it is a rewarding endeavor and a solid connection to our collective history. If it is taken lightly, it can become deadly in a short matter of time.
The work of the mine manager was many-sided. Basically, his task was to take charge of a property, direct exploration and development, and make provision for the extracting, processing, and even sale of its ore. In seeking out ore and following its course, he had to have some knowledge of geology, mineralogy, and surveying. In extracting it, he had to know something of tunneling, drifting, shafting, and other underground work. In addition, he had to be enough of a mechanical engineer to plan for the use of hoisting, ventilation, or draining equipment, and some means of underground transportation. He must be able to weigh the virtues of steam power versus electric or air drills versus electric drills. In order to supervise treatment of ore, he had to be something of a chemist and metallurgist, with an understanding of milling or perhaps smelting machinery. Frequently, he assumed the role of a civil engineer and built roads, tramways, or flumes. At the same time, he was a business manager, constantly concerned with costs, purchasing, accounting, ore sales contracts, or perhaps leases. He was the supervisor of a large labor force and concurrently responsible to his own corporate or individual employer, whose rights, both property and legal, he was expected to protect. On top of all this, he also served a public relations function and was expected to “live an exemplary life so as to command the confidence and respect of the camp and the company.”
That last phrase in quotes was taken from the Northwest Mining Journal of June 1907. I believe it still holds true today – even in the age of metal detectors, MSHA, and the EPA. What other means do we have as supporters of the mining industry to show we are serious about our positions as respectable citizens and protectors of our history.
Thank you,
Jason Burkein reply to: Two-headed Front #1933For those of you at the meeting who heard Mike allude to the battles he’s fought on behalf of the mine and it’s shareholders (us), I want to re-iterate a point he glossed over:
Mike is not a lawyer, yet his convictions to the cause led him into new ground, right there where another lawyer might have sidetracked the issue with litigation. Mike used a technique that doesn’t come with a law degree, instead with a moral conscience. Tell the truth and an honest Judge will rule accordingly. That’s what happened. Mark’s unfortunate accident shouldn’t have been the catalyst.
There is nothing bigger than putting one’s friend’s accidental death into proper perspective. Yet the need to do so exists, and Mike’s point of perspective did just that. He dignified Mark’s death by fighting on his behalf, and the spirit of personal responsibility that is so crucial to success.
Now it’s our turn. Let’s all again recognize the real issue here and as the gentleman who raised the toast to Mike’s perseverence (for those of you not there, it was a dry toast, no distilled spirits needed), toast to mining and self-determination, which continues to takes a back-seat on the old Two-Headed Front (previous Forum discussion, check it out) once again: how to go mining and keep the politics at bay.
So thanks, Mike, for the fight. And thanks Johnathon for all your hard work.
Here’s to the next pocket.
in reply to: Miscellaneous #1932CONTACT
DOUGLAS MORGAN MINING LTD.(GHANA).
QUANTITY:150KGS:
PURITY:22 CARATS.
CONTACT:MR.ASEMEDU ON:
TEL:+23324286627
+233277409855.
Email:asempandass@yahoo.comin reply to: Gold Enters Major Bull Market #1931Lynwood, I am unable to verify any of those two sources. I just saw and heard about the two on television like everyone else did.
in reply to: Stock exchange listing #1930To Foolsgold, Goldmaster, Ryan Baum, Gfxgold, Rick, Lynwood Bluejay Auriferous, AuHound, Gonzo and other FORUM writers:
Your participation on our web site is greatly appreciated. When I set up the various concepts for it, the main objectives were creating a Sixteen to One mine library, an honest gold library and the means to share professional gold mining and gold related information. Also, we wanted to show our gold products for sale. The FORUM is the biggest challenge. Most gold “chat rooms” left me cold. Either people were promoting some flaky company or the chatter was goes something like this………
How do I store the gold? If we go back to the gold standard, how can I get a loaf of bread for my gold? And of course, very few investors understand the distinctions between proven, probable or inferred reserves. Few understand the distinctions between exploration companies, compared with other exploration companies or compared with the few producers of gold. Few understand the differences between patented and unpatented claims (property). Few who have been in the gold mining business for years understand a mine and company like ours. Bridging this would be my responsibility.
While these subjects are interesting, after 29 years in the gold mining business and 20 as the president and director of a gold corporation, creating a chat room for beginning gold mining 101A, is not my objective. You write well and have serious points of view, which should be of interest to the many readers who choose not to write but rather read our web site for reliable information. You writers might not know their names; however I do because of their e-mails, letters, and phone calls of enthusiastic support. Keep it up. Support from all of you has keep me going during some stressful times.
I sometimes choose not to immediately respond to your comments. I wait to see if other ideas will be presented. Sometimes I pass to avoid an erroneous perception the writer may get that I am on the defensive. I certainly never want to discourage you by striking down your thoughts. Gfxgold hit it on the head one time when he responded, “been there, done that” So, in no particular order I shall address some specific comments.
This web site is not my hobby. You are welcomed to make it your hobby. A few of my hobbies are photography, music, collecting football cards as well as other stuff, and life. I love the gold business. It is my business. It is not my hobby. I am one of those fortunate Americans who love his work. Goldmaster, your ideas were great! We thought of them, researched and analyzed them and tried them in the past. Tunneling and high-grade gold mining are very different.industries. For example, gold deposition is influenced by geologic conditions. We study it daily not just for safety and expediency but to stay in business. The nature of the ground can twist a well thought out plan in one shift. Those who succeed must recognize and respond quickly. The old mining expression “deep enough” is one of the most difficult concepts to follow in mines like ours. Instead of discouraging your creative mind, I summarized the USGS Professional Paper 172 and entered it on our web site, hoping you would read it. Then I had to enter ways for readers to find it. I hope you read it and maybe seek out more data on the Alleghany Mining District. Foolsgold, your comments resulted in the expansion of the President’s annual message and more. Through your questions, I realized that others need answers as well. Ryan, Your ideas are great. however they all have been thoroughly considered and discarded. The rights offering does not work because almost 75% of the outstanding shares are owned by twenty individuals or families, who have invested heavily over the years. That leaves 1,250 shareholders with not enough buying power to make rights offering successful. Security laws are rather strict in regard to public offerings. One of the reasons I include past directors on the web site is for interested readers to learn what high quality businessmen have guided our affairs. My introduction to the corporate world of Security Exchange Commission reporting companies began in 1983. Brian Van Camp’s bio is worth a review. While you are at it, check Lee Erdal, Charlie Brown and Dick Sorlien. These are men of international business acumen, whose positive influences are still affecting our management. The old time shareholders know their names. They have read the numerous stories written about our company. My belief is that when those who discover OAU and feel a sense to place some of their investment savings into gold, ownership in this company deserves their serious consideration. Just like the men and women I meet in business I prefer the same qualities in those who choose to become owners along side me educated in their investments, smart and ethical.
Regarding THE PLAN.
Our corporate plan, philosophy, means of achieving, notifications of impediments, etc are well established. Perhaps one significant understanding that guides my corporate actions and plans is my belief that the asset that I own (share certificates of OAU) are very valuable. I believe that our real estate contains up to four million ounces of gold. I believe that in my lifetime I can locate and mine at least one million ounces from the Alleghany properties alone. I know that much of the quartz and gold can be sold into the gold jewelry market we have created at large premiums over the spot price. I have witnessed an incredible advancement in electronic detection in our mine beginning in 1992. I believe that we are less than a $200,000 investment from building a device that will open the discovery of gold beyond imagination not only here but also throughout the world. Now, these are a few of the reasons I have chosen to resist the path of many public corporations in need of money: massive dilution via the sale of under valued treasury stock. I also believe that as all this comes into firm reality, the demand for OAU will materially increase the price of a share. HOWEVER, there is a more detailed plan to accomplish this. But you will not see it publicly displayed on our web site or in writing because it is based on sensitive proprietary information. The most knowledgeable professionals in the mining and finance business interested in building a company to compete with the bloated majors and run away from the sleazy juniors are either on board or will be once they conduct their “due diligence”. Introducing the opportunity to people with the time and means to join us is the primary issue at hand.Friend, I just ran out of steam, and it is such a beautiful day in Alleghany. About the market or share transactions. Our current STOCK page is the fairest marketplace for OAU now and likely in the future when we once again regain SEC compliance and choose a more publicly recognized marketplace.
Here is some added insight into the last flurry of trades. WE got a call from a brokerage house whose client inherited 9000 shares of OAU. The client knew nothing about the company and wanted money. She got it. The volume took out the bids until her shares were sold. Buying and selling are very easy to do. One significant difference from other markets is the inability to short the stock without actually delivering the stock.in reply to: Gold Enters Major Bull Market #1929Bluejay, just reread all your entries from November 27,2002 to May,o3, 2003. You cite such diverse sources.
Your insight is unquestionably documented for history in the FORUM as to technical and fundamental wisdom. I grew to cast aside criticism when the gold market was freely open to US citizens in 1975.
Can you verify the sources of two separate reports of situations in Iraq? #1. Some $650 million in 100’s found in bundles. #2 Some $500 million of gold found in Mercedes truck. I enjoy your efforts.
in reply to: Two-headed Front #1927The annual report will be mailed to shareholders this Wednesday. By the weekend I will offer some comments in the Forum and bring our web readers up to date. For those who write and those who read the forum, your participation is inspiring. As we move through the minefields of operating a gold mine in the United States, shared truth is a weapon of preservation. During private moments of deep thought, I shake my head in wonderment as to why a six thousand-year-old industry and a hundred-year-old specific company still must deal with preservation. Collectively we have more than persevered lately. We have won the battles. The business of mining gold is before us now. There are other issues. For example. On June 10 an administrative hearing is scheduled in Nevada City with MSHA. The evidence and truth clearly say that Mark died in a tragic accident. It will be entertaining to watch federal lawyers try to twist an accident into a crime. It will be interesting to see a federal administrative lawyer (judge) objectively practicing the law. It will be important for Americans to learn if their tax dollars are going to support perjurers.
in reply to: Miscellaneous #1926we’d like to invite everyone to come and see our mining park. we have many exhibits and interesting things to see. check out our site at http://www.tonopahnevada.com for pix and info.
in reply to: Two-headed Front #1925Yeah!!
Okay, now we do it.
Goldmaster, Bluejay, Goldfx and everyone else, let’s get busy, call some people up on the phone, tell them to come look at the web-site so that when they come to Shareholder’s Day they’ll go back home and write stuff here…How about Open House Day, so that just because they’re not yet a sheareholder they feel the bug, get involved…Now I’ll relate two stories, both of which are most likely similar as to how we all got bitten by the bug, so that we all send the bug out to bite someone else:
Many years ago I was listening to the radio (AM 1530) on a Sunday morning sometime between 5 AM and 7 AM…Bob Simms hosting what then was called the Outdoor Show, focusing then on things outdoors. (It’s now dedicated to fishing, mostly, and I still listen faithfully.) The guest was a guy named Michael Miller from a gold mine called the Original Sixteen to One who wasn’t dropping the dream, said he was dedicated to not only the historical significance of the Original Sixteen to One Mine but just as much to tapping the riches down inside.
Wow. I’d been panning for flakes, and this got my attention, big time. Flakes were good (size doesn’t matter when passion’s the issue), but this was something that made my blood run.
Cutting to the chase: I bought shares and went up there, met some incredible people who exhibited incredible passion for freedom and (here I go…), Constitutionally defined freedom to chase whatever’s there. I remember walking down to the mill-site looking around at all that white rock, completely baffled as to why some people would consider these piles “ruining the Earth.”
It was the Earth, nice and white, and maybe full of gold, all over the place, on top of the ground. No way was some human any more powerful than the Big Guy or Gal (God) ruining the Earth. It was beautiful. So was the tour……
Second story:
Back in high-school (1968-1972) I lived in West Covina, LA area, and to make a few bucks for when I finally went to college at UC Davis, I took a job with a steel foundry, owned at that time by my best friend’s family, in …get this…Colton, East LA. I spent the days with my hands and fingers within milli-inches of a five-foot tall diamond grinder wheel, shaving off extraneous steel casting blobs that wouldn’t make the grade, all these huge buckets of molten steel dumping around me. I remember the smell…. Most of the guys around me were missing fingers. (Thankfully by the time I left for school I still had all ten fingers, since I’ve gone on to make music performance a large part of my life.) Today you don’t go into Colton, unless you want to get shot; or unless you want to get shot on film. Yup, the steel foundry’s still there, but not the production of steel products. Now they shoot movies there. Yes, the mine is an incredible set for movies (I think Mike’s been courting film producers already), but when movies are made at the Original Sixteen to One, let’s insure it’s because active mining is happening!
Two stories told, but not to sound off my own horn. Instead, telling you all this is an example of what we need to do to get the ball rolling.
Now. Yesterday. Tomorrow.
We’re all extremely passionate people. I know this, even though I haven’t even met you yet (I think.) And since passion is power, I have a good feeling about this. I don’t normally open up personal angles, but, this is a time to do exactly that: spread the word, tell stories that brought us to this passion.
Here’s the nut: Many times in gold-mining history, stories of new rushes and new discoveries have made many chase after false dreams. But this mine of ours is the Real Deal.
in reply to: Two-headed Front #1924A lesson can be learned through the close observation of one of Mother Natures’s little creatures. How does a spider exist? It sets up a little working den and spins its web. The success of the food gathering and life sustaining process is determined from where the prospecting is done. How many spiders routinely die and shrivel up inside an inclosed structure as compared to those that thrive well in the natural environment?
What has to be done is, the capturing of one’s energy or a groups’s energy for personal satisfaction along with the chance that it could be mutually benefitting as well to the Company.
How do we do this? As starters, a few ideas will be mentioned but the real resource is within the shareholders and all their combined life experiences. What organizations do your belong to or know of? Plan a day or two in Alleghany for a special annual gathering, meeting or adventure. Set up tents or bring your motor homes if it will be an over-nighter.
Take pictures of all of our properties and submit them to the motion picture producing companies for exterior and interior shooting possibilities. The companies will catalog them under subject matter. The companies pay handsomely for property use. If a picture is done here sell the people that come the idea of gold ownership. Let them closely inspect the Company that mines it and sell them gold products. Let the Company entertain their interests when they are not working.
Invite video and motion picture departments of universities as well to come and use the area for shooting.
Locate and invite bicycle, hiking, camera, bird watching and other clubs to come and use parts of the property and sell them too.
Alleghany is a remote little mining town frequented by an extremely small amount of people. If we don’t spin some kind of sticky web, how can we expect people to have an interest in the Company?
in reply to: Two-headed Front #1923I know what you mean, Rick. Checking out the “Forum” is like driving around the block to see if one of the neighbors has a new car in the diveway. If you need a little heat and passion, how about that rising gold price! Now, as for getting the “Sixteen” noticed (and I assume you mean by investors), Networking the shareholders might be fruitful. In other words, if you’re a shareholder, go to the annual shareholders meeting and get those feelings back as to why you invested in the mine. Holding the “Whopper” or any other specimen should do it! Then, the next time your asked, “What did you do over the weekend”? You can pull out some pictures of you holding a big chunk of gold or maybe headed underground and tell them about California’s oldest operating hard-rock gold mine up in Alleghany, and how you’re one of the shareholders and… “Say, you got a few bucks you want to invest”? “We’re thinking about sinking a new shaft over on the Red Star property”. All it takes is a new story being told to someones rich uncle. But, if that doesn’t raise some working capital, at least you had a fun weekend. Hopefully, someone will be putting the shareholders meeting info on the homepage as promised.
in reply to: Two-headed Front #1922Goldmaster, you obviously have the dream in your blood, no previous offense intended. Unfortunately there’s been a stream of public sector regulation with no other intent than making political points directed to the uninformed masses who actually believe the word “MINE” equates with the destruction of the environment. (I have so many first hand stories to this effect, you wouldn’t believe the ignorance that is best balanced with logic, but still isn’t digested with reason. But, I digress.) Should I address their concerns (how drilling a core sample would hurt a mosquito,) sure enough, someone would file a lawsuit or appoint an administrative sap to prove how mosquitoes are ill-effected by core-drilling, how mosquitoes might become locally extinct in Allegany (note the word ‘locally’ in the extinct reference . . . a contradiction in species evolutionary theory which I hope to relate here soon); next we’re out of the core-drilling business.
True.
Goldmaster, you’ll understand the obstructioninst issue best after a thorough review of the issues thwarting progress brought to light on this very Forum page. It serves well to scan all the Topics, all the way to the bottom of the Topic, which will glean previous perspectives lost in the way the Forum is currently set up.
It’s there to read about.
Lately itseems like everyone wants to become part of the party. That’s a good clue.
That being: what MM and the OAu has done to survive the latest onslaught from the CDAA, the CRWQCD, and whoever else; just look at the advice now getting thrown into the mix ( after a decision has finally shed some light on the accusation of Mark F.’s tragic accident.)
It would be a genuine shame if an actual interested party with investment on the brain (good idea) were to become distracted all due to my comments here, since such concerns are intended for positive outcome rather than administrative posturing.
Not me. Just like all of us.
Goldmaster, it just seemed to me that positioning was your angle. So, if I’m off my rocker, I apologize. (Damn, this PC apology stuff really isn’t me. My guess is also it doesn’t define the OAu Miner.)
But all you interested parties out there watching this scuffle, don’t go away, please. While it’s still about money, it’s still about doing it right. . . .When stuff stinks, you fight back to make it right.
in reply to: CDAA Conduct #1921In response to the two forum entries by Gold Master. The first being on 05/07/03. I figured that these were the suggestions and observations of a well meaning individual who had no first hand knowledge of the Alleghany mining district. The mining plan that was suggested might be fine in Canada or “Down Under” or even Arizona. In Alleghany, it would be the equivalent of putting a core drill on the roof of your house, drill every five feet and try to find grapefruit!!! As for management organazation and protection, there could be some merit in those suggestions but, that’s up to the “Sixteens” officers. As for the entry of 05/08/03 (which follows this one) well… It flat ticked me off! Are you sure that you don’t work for the CDAA? If you can’t run your business and apply a little shoe leather to somebody’s tail feathers who tried to ruin your business and everything around you, then you don’t belong in business! I think that Gold Master’s take on the whole CDAA situation is just a little too goody-goody for me. There were some people who attacked this country a short time ago who thought that there wouldn’t be anything that we could do about it. That’s not the American way. I think Gold Master should change their name to Gandhi. As for the rest of Gold Masters “Armchair Quarterbacking,” I’m sure Mike Miller would probably say (not trying to put words in your mouth Mike) “Been there, done that!” As a finishing statement I would like to submit the mining plan that has been used for over one hundred years In Alleghany, and it still works today. “Less talk. Break more rock!”
in reply to: Gold Enters Major Bull Market #1920Gold closed out the month on the COMEX at $339.40. The close is down from a high above $380 about two months ago and is up from a recent low of just under $320. What does all this price movement mean?
From a chart standpoint, the gold price at above $380 marked the top limit of its recently defined monthly upper channel limits while trading lower to about $320 confirmed the strong undertone of the channels over sold line. Both of these upper and lower limits of the channel lines are ascending.
For people that are unaware of the significance of charts and price channels within them, let’s take a moment and discuss them.
Charts are a record of price activity usually with volume figures over a specific time period. Charts for simplistic purposes are usually displayed in price range bars for the trading activity in days, weeks and months
Viewing a price chart of a stock, commodity, currency or any other financial instrument is a basic approach to understanding what future prices might be expected. Once accustomed to viewing charts, it should become clear to you that prices usually move in up and down channels of restricted price behavior coupled with price congestion areas that may indicate a directional change of prices to be eventually identified with a new channel of price movement.
Within these ascending and decending price channels, prices become over-bought and over-sold. Gold by hitting just above $380 on the COMEX chart, its top on the rising price channel, and sinking lower to the bottom extremity of its over-sold area has traveled a chart distance of over $60 an ounce within eight weeks. On the graph being viewed, the price history starts in 1994 and includes monthly ranges to its currect close on April 30, 2003. The chart can be view by connecting to tradingcharts.com.
Chart channels are subjectively drawn by the student using high and low price points which are necessary for their construction. All price channel lines are to be drawn parallel to each other.
All of the above was mentioned so you will have a better grasp of the following: For the remainder of 2003 gold can trade as high as $420 by the end of the year and the current over-sold area currently stands at $323. Remember, last on gold is $339.40 on the monthly chart. The current over-bought area in the up channel is currently located at $393. So, what does this price comparison within the channel lines indicate? From a chart interpretation, gold is in not currently over-extended and is much nearer to being over-sold.
The price objective channel range for gold’s closing out the year of 2003 will be a low of $347 and a high of $420. If a guess were to be made on gold’s exact close at the end of the the year it would be the median point of the range at $383.50. This would indicate a 13% increase by year end for gold based upon its last price on April 30th of $339.40.
Interpreting charts is an art of probability and when combined with other technical indicators can be an extremly useful and unemotional tool as an aid to investing.
Before closing, a short chart discussion of the U.S. Dollar seems appropriate. The Dollar is trading lower on its monthly chart within a descending channel. The close on the Dollar on April 30th was 97.38. This is its lowest close since October of 1999.
The Dollar channel indicates that its price potential in the short term is lower to about 90.00. Its rallying potential is to the 100.00 level. The price of the Dollar is expected to sink lower during the balance of the year.
A lower Dollar will mean a higher gold price.
in reply to: Water and Arsenic: which came first? #1919State Water Resources Control Board
April 30,2003Gentlemen, thank you for considering our disagreement with the
Central Water Control Board. Bill Walker of Walker and Associates is more qualified than I to explain the science of water at the mine. He and four staff members have visited the site about six times. The regional staff has one or two visits in the past five years. No State staff has ever inspected the mine. Walker has affirmed and expanded the company’s position, consistently expressed to both boards since 1998. The regional staff presented its board stale data, untrue facts; broad opinions as if they were facts and lost many of the test results the company sent them.It is always difficult for oversight boards to vary from staff recommendations. You are the leaders, unencumbered by a bureaucratic regime. I ask you to adopt the Walker recommendations for monitoring at the Sixteen to One mine. To provide you the confidence to do so, I will introduce a recent New York Times essay which was also in the Sunday Forum page of the Sacramento Bee. Its title is “Ethical Awareness for Sciences and Leadership”. The values of honesty, creativity and full disclosure are the hallmarks of good science.
Mr. Lawrence Krauss writes, “Confronting misconceptions, deliberate or not, our own or others’, is probably the single most important factor driving progress in science, and in a broader sense society. Scientists must not allow nonsense to remain unconfronted, regardless of whose sensibilities we offend. Once we allow empirical truth to be blurred with impunity in one important area of human activity, we jeopardize the very basis of a healthy democracy.” He closes with, “A democracy, like science, functions best only when all actions are open to question, and when we require the highest levels of accountability.”
The record of our application and appeal is detailed; but the water issue is not complex. The baseline charts in the Walker report could have been easily compiled by the regional board staff. The charts represent scientific proof: increased monitoring is an unreasonable burden with no public benefit. I defer to Mr. Walker. END OF ORAL PRESENTATION.
The State Water Resources Control Board ignored the Walker report and stuck to its own staff recommendations. Significant changes were made to the draconian and unscientific document prepared by the lower board and its staff. I am grateful for this; however, the State Board sidestepped a real opportunity to correct a flawed document.
in reply to: CDAA Conduct #1918Return? The website is reflecting an 80 cent bid. Not too long ago the stock traded at 20 cents. I call that progress. This is a significant increase in the value of our shares. For the past years the high end of the share’s trading range was just above 50 cents. Obviously, the new buyers have confidence in management.
The recent attack by the CDAA has cost the Company its reputation to do any current refinancing. This has impacted the president’s plan to open up the Red Star property for development.
Michael Miller saved the Company thousands of dollars in legal expense through his innovative approach to cost cutting while not degrading the quality of its defense. Has anyone thanked him?
I can assure shareholders that there are competent people in the Company, and along with certain other shareholders, that are giving their experience and time that should make the difference in moving us ahead.
For people who think they hold a stock with little return, I can only direct your attention to the fate of millions of people who invested in the NASDAQ stocks in the late 90’s.
Our Company, aside from the distractions from the the CDAA and governmental agencies and the lack of operating cash, may have been one of the best performers compared to all of the other stocks that people were buying as the old century came to its close.
People should be aware of the fact that Michael Miller saved this Company and your investments in it by tenanciously beating back the CDAA with the aid from two sympathetic and brilliant attorneys.
in reply to: Stock exchange listing #1914Thank you for your questions, foolsgold. Unfortunately as it happens so many times the investment group was just fishing. It is not the first time. Before I would ever tell shareholders about a potential infusion of capital, much needed capital I might add, I check the financial level and sophistication of the investor[s]. The Sixteen to One operation takes very bright, confident and liquid people to invest substantial money. Fortunately all directors and all past directors have coughed up their dollars during the hard times we have experienced. None are sellers either. All are confident in the gold resource we own and believe with a little less harrassment and a touch of luck, our collective fortunes will soar.
The only plan for acquiring the funds to sink the new shaft and do the other things stated in the recent shareholder letter is by selling treasury stock. Thereby, all the money goes to the company, of which you own and should benefit no matter if you own 1000 shares or one million shares.
I hope this clears any doubts you may have about our professional conduct and management of the business. If not, let me know. Also the Sixteen to One is truly a family of thought and action. If you have ideas on how to meet bright financially secure risk takers in one of the world’s most fascinating undertakings, please tell me.in reply to: Stock exchange listing #1913Questions: In May 2002 we were informed that an investment group was interested in purchasing a 20% share of our mine (yes, I am a shareholder). What happened with that “interest”? Also, if a company were to make such a purchase in future, what would be the source of the stock purchase? Would it be company shares or Board member shares or what? Would small shareholders have the opportunity to sell their shares? Would all this be communicated to shareholders in advance?
in reply to: Water and Arsenic: which came first? #1912Having just now read the new News article from the Union, I am pleased that Mike Miller has now prevailed in awakening the CRWQCB back into reality, something that many of us have been writing about here in the Forum section for quite some time now. Pleased that due process seems to be forthcoming from those politically appointed bodies I’ve been railing against for the last number of years.
Go figure. Finally!Mostly, I wonder what we as Forum contributers can do to bring our perspectives to light before an assault on freedom ever starts; in essence, to prevent it from ever happening to begin with.
Imagine: it took another expert witness in a court to substantiate what the Original Sixteen to One’s own geologist was telling the CRWQCB in court almost two years ago (thanks Jason, too bad they weren’t listening the first time) and somehow now the CRWQCB sees that natural elemental occurances actually effect natural water impurities.
As if the Original Sixteen to One was always lying about it, no regards to legitimate and timely reports required and delivered (thanks once again, Jason) . . . now the CRWQCB covering up its past incompetent obstructionist methodology.
But hey: they are.
I hope.
And I keep my fingers crossed, seeing all the perseverence come to fruition. If this new realistic assessment of ambient arsenic in Kananka Creek is being re-evaluated without the CRWQCD’s previous stance of obstructionist politics, (looking instead at solutions as an objective–go figure) and forthcoming as actual progress, we have one more reason to applaud the fact that Truth always prevails.
Works every time it’s tried.
in reply to: Water and Arsenic: which came first? #1910Oops…..Thanks for telling me about not giving the date for the State Board meeting. It is March 19, 2003. Also the word “no” was omitted from the last message, right after the sentence, “I think it is a good idea”.
in reply to: Water and Arsenic: which came first? #1909CALIFORNIA STATE WATER BOARD will meet in Sacramento at 9am to approve, reject or modify the permit proposed by the Central Valley Regional Water Board. It calls for 1450 annual tests, ignoring the decade of monitoring performed at the mine.In the history of water laws formulated via the Porter Cologne Act and Basin Plan [Yes there are laws establishing water regulations. I think it is a good idea] company or individual has ever been called to perform 1450 annual tests because of BACKGROUND natural elements.
Rae will send you info if you can attend the meeting. A large vocal turnout could be interesting. Even if I am the only one, the facts in evidence are enough to support a contention the laws are not being carried out as the California Stat legislature intended. It is called, Legislative Intent and is gaining the recognition the electorate expects.
in reply to: Gold Enters Major Bull Market #1907This is a follow-up to an original Forum entry reporting that gold had entered into a new long term bull market on 01-23-03 when it crossed $352.
The current price on gold is $345.50. Soon after the entry gold traded in the overnight gold market in Asia near $390 and has since softened in price toward the $340 level a few times where it has been finding current support. In an emotional news related arena relating to a possible military conflict, expect the unexpected. The technical perspective that gold is heading higher during the years ahead will ease the discomfort of any abrupt short term weakness and will present an opportunity for the acquisition of gold from the discount window.
The important thought, above all else relating to the metal, is that gold is in a major long term bull market. As has been described in other topic section entries on the Forum page earlier, there is a powerful financial group that wants to see gold basically disappear from the financial radar screen.
The source of this group is people and organizations that will be hurt with the rising gold prices. To mention one, is governments who continue to print money that have no official gold backing. As gold rises the basic purchasing power of their created paper money depreciates and its creditabilty declines.
Governments operate off the books mainly through their Central Banks and Treasuries to restrain gold from going up and, hopefully, they can even drive it lower creating instant gratification for their “funny money.” Central Banks basically bribe large money interests like investment houses, banks and the media to do their dirty work for them and even their efforts in this endeavor can even filter down through governmental agencies, both State and Federal.
Even as a long term bull market was confirmed by gold advancing past the $352 level, this Group has started working overtime to suppress investor enthusiasm for gold and gold shares. Most investors interested in gold will buy the gold shares instead of the metal mainly because it is easier to acquire and to dispose of. So the gold producing companies are targeted by the media.
There has been some talk lately that this Group has been selling short the gold shares to temper public enthusiasm. Controlling rising prices is easily done when the shares are overextended from an chart standpoint.
It is important to understand the concept of overextended. Go to the website http://www.bigcharts.com. Select a gold stock of interest by symbol or look up the symbol. Bring the stock up on the screen with the chart. Hit the red box marked “interactive charting.” Select relative strength to track. Save changes, hit Ok twice and the chart appears with the relative strength chart just under the stock chart. The relative strength chart has a range on the right side from 0 to 100. Just for general instructive purposes as a starter, view what happens on the stock chart in time following the relative strength figures registering at or near to the 80 level. This most ofter indicates that a stock is overextended and will decline.
The key to attacking the gold stock group was zeroed in to the massive resistance problem that Newmont Mining had at its 30 level. The significant problem on the chart was that of a declining or flat moving 5000 day moving average line. Today, Newmont traded under $25 and is approaching an attractive buy area below.
Long term moving average lines are used by the big money players and by the Group players for their market advantage over other less informed participants. The big money players use these averages as an important guide in establishing their agenda in positioning funds for long term profit appreciation. The Group players use them only to apply short selling pressure at pivitol areas when they are present. This is exactly what happened when gold moved higher past $352 and Newmont stalled at the troublesome 30 level over the past months. The Group shorted it to death and it effected all the other gold stocks for the reason that Newmont produces more gold than anyone else and is viewed as the bellwether stock for the group. It’s like people watching the Dow Jones Industrial Averages to get the feel of what the rest of the stocks should be doing.
Long term moving average lines of 500, 1000, 2000, 2500 and 5000 days are important and when combined with two or three in the same area, along with relative strength and Bollinger Band readings of significance, can be a most useful tool in identifying stock candidates to purchase that carry with them a reduced risk factor.
Recently, the Dow Jones Industrial Averages broke below a significant level at 7700 on the chart that was never discussed in the media or any investment letters that were available. The area on the chart is the location of the 2500 day moving average line. It had previously supported the DOW from sinking lower on declines on a few occasions or so in the past year or more and this event of penetration more than likely indicates a new down leg on the DOW is in progress.
Getting back to the Group that specializes in bad mouthing gold through negative reporting about the gold companies, a recent degrading of Royal Gold’s price was orchestrated by a recent Barron’s article. This is a current example of jounalistic predatorial behavior being extended to the gold stocks. Since the L.A. Times’ November 2002 story about the Original Sixteen to One Mine, Barron’s is now on the point wheeling their hatchet of carnage in the direction of shareholders that hold some of the best equity asset positions that are available in today’s seriously ill stockmarket.
The following are comments that were taken from an article titled “The Real Question is: Was the three-day “Trashing” of Royal Gold Legal Long Sellers Or Illegal Short Selling, So Common Today?” by Mr. Jim Sinclair from the http://www.tanrange.com website. The complete article is available under MineSet by Mr. Sinclair at the same site.
“This last period has to be classic. In the last two weeks, I have read no less than nine articles in major publications of one nature or another concerning the ill-advised rise in the value of gold and gold shares. Never in my 44 years have I seen more intense use of the media to attack an investment medium. Then came the assualt against the leader, Royal Gold. Was that event an accident or coincidence? I personally doubt that it was coincidence.”
So what does the breaking of the 5000 day moving average line on gold mean here? It means absolutely nothing. The bull market has arrived and it will just be only a matter of time until this child’s play ends from the Group attempting to attack a bull market. Some months back Freeport McMoran’s stock was declining toward some rising long term moving averages that were congested at roughly the 13 plus area. The stock qualified for purchase or repurchase. In some weeks later the stock broke through and headed lower into the 10 area on the night club/restaurant explosion disaster. Some months later Freeport was headed towards 20. Sometimes stock related news throw you an unexpected curve ball when your dealing with excellent long term moving average ammunition, but overall, they are reliable when interpreted correctly.
In the current gold market atmosphere there is an expected impending action in Iraq which will be reflected in gold’s trading personality in some manner or another. The Group has been busy using the media to brainwash the public into believing that gold will travel lower as it did following Desert Storm. The Group, the gold cartel, will do what they have always done, try and maneuver gold lower by enlisting the efforts of all their agents.
If it comes about that there is a war and gold takes it on the chin, expect the price to accelerate way past $400 an ounce in the short time following any manipulated selling. If gold does get temporarily pushed lower, expect the Chinese and the Arabs to buy it all. Don’t get sold down the river with your gold assets by believing what you might be hearing or reading in the media concerning the metal prospects following any military action.
in reply to: Gold Enters Major Bull Market #1906On the front page of today’s Financial Times appeared the following titled article, “Buffett Likens Derivatives to Weapons of Mass Destruction.” In speaking of derivatives Buffett warned against them by saying that they were, “financial weapons of mass destruction and potentially lethal” to the economic system.
The Times went on to say, “In his letter to shareholders of Berkshire Hathaway, Mr. Buffett said he and Charlie Munger, the investment and insurance company vice president, viewed derivatives and derivative trading as “time bombs.”
Continuing the Times made the following statement, “the bankruptcy of Enron, the U.S. energy trader, in December 2001 came after it began to emerge that it was using derivatives contracts to hide volatile assets and inflate the value of new businesses.”
The entire gold market is laden with derivatives. There are more outstanding complex derivatives in this market than Carter has pills. Buffett never mentioned gold in his preview of the forthcoming annual letter to Berkshire shareholders but you have to know that gold is on his mind.
Berkshire Hathaway currently holds 4,000 tons of silver which is 2% of Berkshire’s assets. In gold, like silver, there is an annual supply deficit and in both markets there are large outstanding derivatives contracts.
The time seems right for a Buffett position in gold as he recently stated that, “despite three years of falling prices, which have significantly improved the attractiveness of common stocks, we still find very few that even mildly interest us.”
Buffet in the past has been buying junk bonds which return higher than normal yields. These bonds yield better for the reason of their attached credit risks. Buffett likes income. Although some of these credit risky companies may not make it during the current bear market, the high returns Buffett has been collecting reduces his risk in them proportionately.
If Buffett does announce gold holdings at the annual meeting or buys some in the future he will be taking physical delivery as he has with Berkshire’s silver position. This will be bad news for the shorts or the metal exchanges as the vast majority of their trades are on paper. If Buffett buys gold he will take delivery and the commodity people will have to cough it up. In the past a story had circulated that a buyer of a 100 ounce contract had great difficulty in taking delivery from an exchange. They persisted in telling him to roll over his contract to another month.
As the stock market is at a pivotal juncture with today’s close at about 7704 in the 7700 area of the Dow Jones Industrial Averages, one wonders if the market starts to collapse could this event engineer yet another wild card for the holders of gold?
in reply to: Miscellaneous #1905First, if it’s for real you have to quietly asertain whose property it is on. If it’s on your, do you own the mineral rights? If it’s in nugget form or in dust it can be extracted easier than if it were a lode deposit or a potential open pit operation which will be expensive in time and money. Also, what mining regulations govern potential removal in the area of the suspected find. In addition, the chemical make-up of the potential ore may be too complex to economically separate.
The mine office, I’m sure, would not mind assisting with a few of your potential questions.
in reply to: Miscellaneous #1904I have found some gold
in my homeland and I don’t
know what to do.in reply to: L.A. Times Article #1900Congratulations on the congratulations. Long over-due.
Yet, with all due respect toward the previous Forum entry: REALITY CHECK….
The war waged upon us as either interested parties, shareholders or just plain upholders of those darn Constitutional rights, has just been thwarted. And we issue CONGRATULATIONS?
Sorry. Any well-intentioned Forum discourse should be met with an open mind. . . .
Let us all not become complacent when we regain our initial position as Free Americans.
in reply to: Miscellaneous #1899Congratulations on Court victory!
in reply to: L.A. Times Article #1898The L.A. Times published an article in their February 15, 2003 paper that was prompted by Judge Stanley Young Jr.’s dismissal of the manslaughter case against the Original Sixteen to One Mine and two employees.
Dan O’Neill was right on the mark when he wrote the Editor of the Union questioning their inferior reporting of an earlier hearing concerning the case in front of Judge Young in Downieville.
The L.A. Times seems to be following in the Union’s footsteps with their own explanation of what happened on the 13th to their readers along with an abbreviated rehash of their original November 2002 slanted story.
Sure a story was the dismissal of the case but how the Judge
arrived at the dismissal was just as important as what never appeared in the Times’ Saturday edition. At the earlier Grand Jury proceedings the CDAA acted improperly by withholding pertinent facts relevent to the defense’s case. This is why the case was dismissed.Who are these CDAA people who came to Sierra County uninvited to stir up all this trouble for the Mine? They are the California District Attorney’s Association, a private company. One might call them “Cruel Demons Attacking Americans” just as well. The truth of the matter is they never had a case in the first place.
What the Times never reported was that these CDAA attorneys wasted State funds, wasted Sierra County funds and damaged reputations. Along with tainting people’s integrities, the Mine’s defense redirected valuable time, money and energy away from the business of mining. The Mine has clearly suffered damages and should vigorously pursue the CDAA in the courts and with the California State Bar.
The CDAA joins to make a real team with L.A. Times, neither one ever seems to discuss the facts correctly with matters concerning the Original Sixteen to One Mine, Inc.
in reply to: Gold Enters Major Bull Market #1895Rick
An important commentary and reprint from a FINANCIAL TIMES article is available at http://www.jsmineset.com/s/Home.asp entitled “Figures Lie and Liars Figure.”
A short Harry Shultz commentary on http://www.financialsense.com today mentioned that gold production will be off 30% over the next 8 years.
in reply to: Gold Enters Major Bull Market #1894Rick
I am a technical analyst of price movements which means I don’t rely on fundamentals but I will make an attempt.
Currently the U.S. Dollar is in an adjustment phase of going lower. Gold will increase in value as the Dollar descends because it will take more of the depreciated Dollars to buy the same amount of gold. The reason for this adjustment process is that in this country we have a current account deficit of 5% of the Gross National Product. This is unhealthy, as 3% has been the norm. If this country gets involved in a war the 5% figure is expected to go higher.
There are others reasons. Our economy is mainly being run on debt purchases. During the 80’s consumer debt wasn’t anything like it is today. I’ve heard the current consumer debt is six times larger than our Gross Domestic Product. The high debt condition weighs on the Dollar and in turn puts upwards pressure on gold.
Our trade balance deficit with our other trading partners is at an all time high and it is forecast to even get bigger. Our factories are being shut down and reopened in China. Even the Mexican factories that were opened following the NAFTA agreement are closing and that capital is headed to China. China is fast becoming the exporter of deflation. All this means is that some items we were accustomed to buying that were made in the U.S. will have to be imported adding to the trade imbalance. Also, the imports from China will force what’s left of currect producers in this country to lower their prices which will put pressure on their bottom line. This is because the labor rate in China is something like 40 cents a day. This event could cause some debt repayment problems.
I believe from reading many related articles that all this debt will eventually lead us into something much larger than the “soft patch” Alan Greenspan says the country is currently in. I believe we may have a credit crisis in this country and people will want safety and that safety will come from something that carries no debt and that is gold.
In addition, central banks around the world have attempted to depress the price of gold by controlling it with sales and lending it out for short sales for years and this game is about over as all the sold gold has been puchased by smart long term money and the rest has been made into jewelry. It will be difficult to repurchase the metal from short sales and other financial contracts which has been estimated to be from 10,000 to 15,000 tons. As gold goes higher, the sold short contracts are being squeezed to repurchased the borrowed gold at higher prices. After watching markets for years, the fear of an impending short squeeze results in swift price movements. The recent strength in gold to the $390 level a few days ago may be just the start of a new series of patterns where we see gold continuing to trend higher and then a flurry of buying results as the shorts do some partial covering.
Higher prices of gold will be aided in the period ahead with a forecast decline in world gold production during the next five years.
Contributing to higher gold prices is reduced gold hedging and the calling in of part of the past hedging contracts by the world’s gold producers. Thus, taking away some of the producer hedging that had pushed gold prices down for the last years.
Another item that we don’t hear mentioned too much recently is the fact that demand for gold exceeds world mine production.
I hope I have touched on the most important changes that are different this time. If you would like to be kept up to date with gold news from independent writers visit the financialsense.com web site.
in reply to: Gold Enters Major Bull Market #1893Last time gold “topped out” it sat over $800, (Thanks Jimmy Carter)while inflation loomed over (correct me, please, since I don’t have the actual numbers in front of me) somewhere near 18%.
Bluejay, respecting your perspective: what’s different this time, besides that inflation’s not even in the picture?
in reply to: Gold Enters Major Bull Market #1892One of CNBC’s mouth pieces, Ted David, is asking the question, “when does gold top out?” What an ignoramus! Gold has just recently entered the early stages of a new monster bull market. It appears that gold doesn’t qualify for any cheerleading from these people.
You can make a safe bet that when gold crosses $400 an ounce on the chart CNBC won’t be giving any parties like the big one they gave the day NASDAQ crossed the 5000 level. NASDAQ 5000 was part of the biggest securities bubble of all time.
in reply to: Miscellaneous #1891Ore…Concentrates…the tiny spects of gold.
While Gordon is correct regarding the purity of quartz ore, wall rock or vein material with specific gravity greater than 2.7 and less than 19.3 [sp for fine gold] will combine upon ignition. Blasting the ore at the face is the cheapest way to breakdown ore for further classification and concentration.
And MikeG :…A pint’s a pound, the world around.
Yes, the weight of an equal volume of mixed concentrates will weigh about the same at any mesh. The volume may increase or decrease. Miners’ Luck with the search. The range of weight of an equal volume is 7.3 to 11.8.
in reply to: Gold Enters Major Bull Market #1889Your attention is directed to an outstanding article relating to gold and a future role that it may play in supporting the Dollar in the year 2005.
http://www.financialsense.com
“New This Week” 1-30-03
Sinclair Editorialin reply to: Miscellaneous #1888I was wondering if anyone here happened to know what the approximate weight of a cubic foot, or yard or any other volume, of concentrated (crushed to maybe 600mesh) ore would be? I realize it is not constant and will be determined by the amount of various minerals, but an average or maybe the heaviest to be expected would help me tremendously. Thanks, MikeG
in reply to: Another U.S. precious metals miner goes foreign #1887The Fraser Institute, an independent Canadian economic and social research and educational organization, asked 972 senior and junior mining companies around the world to participate in a survey. Its purpose is to assess how mineral endowments and public policy factors such as taxation and regulation affect investment. The investment attractiveness of 47 jurisdictions in North and South America, Australia, Asia, Africa, India, Russia and Indonesia were included.
The 158 companies participating in the survey include 27 senior mining companies and 131 junior mining companies including the Original Sixteen to One Mine, Inc. of California. The effects of increasingly onerous, seemingly capricious regulations, uncertainty about land use, higher levels of taxation, and other policies that interfere with market conditions are rarely felt immediately, as they are more likely to deter companies looking for new projects than they are to shut down existing operations. The industry is reluctant to be publicly critical of politicians and civil servants.
“In recognition of the fact that jurisdictions are no longer competing only with the policy climates of their immediate neighbours, but in fact with jurisdictions around the world, we think it is important to continue publishing and publicizing the results of the survey annually, and to make the results available and accessible to an increasingly global audience,” says Liv Fredricksen, Coordinator. Email: livf@fraserinstitute.ca
Attractive geology does not guarantee mining investment if a region’s policies are bad, say mining executives.
Chile claims the highest rank on the overall Investment Attractiveness Index with a score of 94 points out of a possible 100. Quebec was the top-rated North American jurisdiction with an overall investment score of 90. Australia is the next most attractive jurisdiction with an overall score of 89, and Nevada is the highest rated jurisdiction in the US with a score of 86.
Topics included were:
1. Policy Potential Index
2. Mineral Potential Index
3. Investment Attractiveness Index.Mining executives offered the following comments.
“The greatest difficulties in this business come from another direction—the ridiculous amount of filings and forms (and outrageous fees) demanded by the multiple securities commissions and stock exchanges. These seem to expand and change monthly.”
—President, junior mining company.“USA [has] eco-terrorism-environmental strangulation policies.” The country needs a dose of “environmental realism based on good scientific/engineering policies.”
— Evaluations Manager, senior mining company.“U.S [has] toooo many idiots! Who work with junk science and who are out for control at any cost….” It needs to “Get back to the reality that the U. S. is dependent on metals to make the economy grow and prosper same with energy.”
—President, junior mining company.The jurisdiction with the most favourable policies is “Australia. Gold mining [is] tax free. Mining industry [is] highly supported by government at all levels.”
—Exploration Manager, junior mining company.“The entire mineral industry in Indonesia for the last 4 years is a horror story. At the current rate extractive industry here will be dead in 5-8 years (exploration already is!)”
—Executive VP Exploration, senior mining company.“China, India, Indonesia, Philippines, Zimbabwe, [and] Congo” have the worst policies. “Their cultures either do not value mining highly or they favour locals versus foreigners.” Unfortunately, “corruption is not really subject to policy.”
—President, junior mining company.Russia has unfavorable policies, including “political, regulatory and legal harassment [freezing accounts] because of refusal to cooperate with continuing and increasing ‘payoffs.’”
—Evaluations Manager, senior mining company.In South Africa the leaking of a draft Mining Charter for the new Minerals and Petroleum Bill that hinted at compulsory majority ownership of new mining projects had a significant effect on foreign investment and confidence.
—Director, senior mining company.Since all of our mining properties are located in California, much of this survey has limited value; however I conclude my summary with the following observations. The respondents consider regulatory duplication and inconsistencies as a strong deterrent to exploration investment greatest in Russia. California is the third worst location only above Russia and Wisconsin. California ranks third from the bottom regarding environmental regulations, slightly ahead of Washington and Wisconsin.
A statistic worth intellectual pondering was a mathematical table of respondents who indicate factors that encourage exploration investment. A comparison of the percentages found in the column for “Mineral Potential Assuming Current Regulations” and Mineral Potential Assuming No Land Use Restrictions” places California as the geographical political entity surveyed with the highest percent difference between the two columns at 68%. Go figure.
It will prove helpful for individuals considering an investment in remote or exotic lands to have at least a base understanding of political stability, infrastructure, labor relations, regulations and restrictions. For me, it is only a tangential interest. One undeniable truth about a mining company is it cannot move its mineral deposit to a more favorable location. I like California, especially now that most mining companies view the state near the bottom of desirability. Mister Pocket, we’re breaking rock to find you.
in reply to: Gold Enters Major Bull Market #1886Gold is trading at $370 this Sunday evening in overseas markets as the anti-gold rhetoric continues in the newspapers.
This time the Boston Globe is cautioning its readers in its Sunday’s edition about possible troubles ahead for gold.
The Globe says, “What would happen to gold if we woke up tomorrow to discover Saddam Hussein living in exile somewhere other than Iraq? Crisis over. “Lots of things could derail the bullish gold outlook (The Globe published a few quotes from gold fund and hedge fund people). Economies could recover and begin to grow out of debt problems. A more stable global political environment would help. Increasing corporate profits would redirect more money back into stocks and other financial assets.”
In a today’s publication of the Harry Schultz Letter he says that investors should have 1/3 of their funds in gold/gold coins/gold stocks to take advantage of the higher gold prices that are coming over the next generation.
It is apparent that successful independent financial writers like Richard Russell and Harry Shultz along with James Sinclair and others differ greatly with their optimistic outlook of gold as compared to our city’s newspapers.
in reply to: L.A. Times Article #1885Dan O’Neill’s letter to the Editor of the Union deserves a standing ovation for redirecting the Union’s “objective journalism” back into its own printing press.
While O’Neill points out how pleas in the face of Grand Jury Indictments are unilatterally entered “not guilty,” let’s add this objective observation: Miller and Farrell entered their “not guilty” plea because of truth, not evasion.
How the Union felt comfortable leaving this essential point off the public record not only breaches their ethical perspective on objectivity, but brings up an even more lethal issue:
While on the surface, (as I read the article, it reads well and simply to the point) why and when has the accuser, in this vital case CDAA, itself earned exemption from culpability, political motivation, market manipulation, exposure, and immunity from objective journalism?
NOT GUILTY UNTIL PROVEN doesn’t mean somebody’s GUILTY BY CONCENSUS AND ALLEGATION, or guilty of comitting a crime and is therefore hiding behind a gold mine trammer rubbing gold-thirsty hands together while a brother dies in an unfortunate accident, while actively pursuing his Constitutional rights to Freedom.
Freedom, and freedom with due process.
Dan O’Neill mentioned the Bench reaction at the indictment hearing, eyebrows being raised. This writer feels that justice will be served, and that the Judicial Chair in this case will see through the foggy motives of the CDAA and rule accordingly:
Accidents happen, what a bummer. It doesn’t mean that Miller and Farrell can be God and could make it not so. This case needs to be thrown out of court. Allow some room for criminal action exploited in the political arena.
The CDAA?
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