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- in reply to: Gold Enters Major Bull Market #3098
This comment is posted on Jim Sinclair’s site
It conncerns S.African mines being shut down for safety reasons. We know the gold is there…where’s our financial angel?
These type of issues (see article below) are going to impact the supply side of the minerals industry for decades. There are very few new mines coming on stream and the ones that are producing are running full bore to capitalize on high metal prices.These mines are getting deeper, more dangerous to work in, and more expensive to operate, which is a scenario for production shortfalls in the future.
South African gold production has been declining steadily over the past few decades and if this trend continues it will soon lose its first place position – if it hasn’t already. In 1970, South Africa accounted for two thirds of global output; now it’s around 11%, the same as Australia. Since 1995, its gold production has dropped by half.
Anyone who feels that supply-demand fundamentals won’t affect the gold market has got his/her head in the sand. We hear so much these days about oil shortages but nobody seems to pay attention to mineral commodities which underpin all industrialized economies. When you look at the price of mineral commodities today in real terms they are still relatively cheap by historical standards. There’s still plenty of room for catchup and when that happens it will be a sight to behold.
in reply to: Gold Enters Major Bull Market #3097Rockroby, I’m putting your below-this entry back on top.
in reply to: Clips from Alleghany #3096Rockroby, you hit the high-grade gold pocket with your thoughts on this FORUM topic, “Gold Enters Major Gold Market”. Probably 99% of Americans sit on the sidelines when it comes to gold. When gold breaks $1,000 an ounce, the press and media personalities will start a buzz. Six months to a year later the doctor, banker, investor or speculator will jump into action. It happened in 1980. Buy at the top and pick foolish gold prospects, the ones promoted by white-collar criminals. Sorry, but none of these frenzied idiots will have read this web site. Baa, baa, baa.
Now for the Alleghany winter wonderland scoop!
Electric power nowhere in sight in Alleghany. Two buildings lost roofs, some trees down. Below freezing temperatures hurt the mine’s snow removing Cat loader. Won’t start. Gate to mine buried in snow (closed). More rain and snow forecasted for tonight and tomorrow morning, then a break in the weather. Office shut. While the electric phone equipment is not working, an old fashion phone is working and the Pacific Bell answering system somewhere will record your message. (530) 287-3223.
in reply to: Gold Enters Major Bull Market #3095Now if we could just get people interested in the positive aspects of the mine such as the people who run it know how to find gold & there is lots left to find and they are ready to get down in there and get it.The stock on the open market is at .75 cents & it’s worth more then that,the need is to get people to start investing,the more people go to Yahoo MSN AOL Google and all the other financial browsers & just look at the OSTO stock it registers a hit then go to the message board and give it a strong buy with your reason why you think that and that will register hit,if enough people do it more and more people will look at it.
I left one on Yahoo on the 2nd & am still waiting for someone to rate it and even that would help.
The positive needs to be played up & i am convinced that the 16 to One will put California back on the map as a gold producing State.
Thank You
Craigin reply to: Gold Enters Major Bull Market #3094At this moment, gold is at: $877.50. A new record. The Experts are saying that a triple threat is what’s driving the price of gold up. The subprime fiasco, a soft dollar and hundred dollar oil. I like the idea of turning some soft dollars into hard gold. I think that’s what the founding fathers had in mind when they wrote the constitution.
in reply to: Clips from Alleghany #3093Down here in the Valley we were out of power for 3 days from the storm and I didnt miss the power at all, nice and peaceful.
More rains and Snows on it’s way..Jeff
Happy late New Years !!!
in reply to: Clips from Alleghany #3092Well, if you lived in Alleghany
in the early 1900’s and you
had snow like recent you would
probably be stuck for the win-
ter. My mother Dorothy Arm-
strong was born there in Jan,
1906. They played lots of card
games and checkers until they
heard the sound of the team
bells pulling the first freight
wagons of the spring season.in reply to: Clips from Alleghany #3091The electrical power in Alleghany quit about 10:15 am on Friday. No one knows where the lines went down. Word is that 800,000 people are without power in northern California. The Sierra County Sheriff office says that our supplier (PG&E) has a recording that the rural areas may not be hooked up until Sunday or maybe Monday.
Alleghany is a little village way out of the path of travel. It has only one paved road in. Anyone venturing here must turn around and go back the same way they drove in. Travelers hate that unless there is really something special calling them. Fortunately for the residents, who have one of the most pleasurable life style in California, few people venture the Ridge Road. None venture the road during a winter storm. Right now the village is snow covered and quite. The roads are better kept than highway 49, which is the major (two lane road). Even the closest cities, Grass Valley and Nevada City, have more problems with drivers that the residents of Alleghany.
Alleghany is quite and dark. A couple of people have generators, but not many. Joe has always had one. It is reassuring to know that at least someone remains connected to the outside world during times of no electricity. After all, this is the twenty-first century, cell phones connected to the hip or ear of almost everybody. How bizarre to be unaware of the rest of the world. Who won those football games anyway?
Friday was a bitch for the maintenance crew. The rain was so ferocious that the road to the portal was rapidly eroding. Scoop felt the importance of ditching the water away from the road and joined in with the soaked miners. Reid was the only miner underground. He was merrily slushing away some rock and unaware that the power was out. If you have never gone underground at the Sixteen to One, you have no idea how lost you will become to all the hustle and bustle in the outside world. The other guys were drenched, even with the rain gear they wore.
You may not know this, but Rae has a brother who worked for the mine at the time Mike produced his Underground Gold Miners Calendar. Jason’s (Rae’s brother) comment was that you never had to worry about what to wear underground because it is always the same. The mine is a peaceful place. Too bad it gave up so little gold during 2007.
in reply to: Clips from Alleghany #3089The radio, television and newspapers are full of storm forecasts. Perhaps you have heard the news. A series of winter weather has been announced to pound northern California. It will begin late Thursday night with rain, as much as three inches in the Sacramento Valley. Snow level is at 5500 feet with as much as 5 to 10 feet at the Sierra Nevada crest line. The big storms will hit on Friday or so the weather forecasters have been announcing the past three days.
Alleghany elevation is 4500 feet and the ridge road peaks at 5200 feet.
Well, fifteen minutes ago small white dry flakes of swirling snow filled the air. Now a blizzard has hit the village. So much for that timetable! Forecasting is an art, isn’t it? If this beginning is any indication of what is coming, this will be a storm to remember.
The 910 loader is parked in town. The 966 loader is parked at the portal. All the roads to the mine (and in the village as well) are clear from the last snow. The pumps are running and the powder is dry. Let it snow.
in reply to: CDAA Conduct #3085I will be writing to our current State Attorney General who should be the one to prosecute law-breakers that escape through the cracks.
I expect fireworks if, or when no action is taken, especially with a looming California Governor seat vacancy. It will be fun to watch.
Everyone reading this should do the same. Imagine the seat of our state’s judicial law aware of this fraud, and then trying to hide it when he’s running for governor.
in reply to: CDAA Conduct #3084What appears to be required for
victory is a court that will
strictly interpet the pro-
secutorial immunity law, ie
observe the “letter”. I don’t
think the 9th circuit would
be the place to go. There are
liberal jurists there.
Besides, I think that the CDAA
is also a lobbying body with
their hooks (tainted) into the
legislature and the justice
dept. Any such future issues
to be passed by our govt.
will certainly FAVOR attorneys
for the state courts and both
and counsel for the opposite side of an issue as well.in reply to: CDAA Conduct #3083The Feedback option on our web site is used frequently. Please continue and know that we read every Feedback received. Following is my letter to the Feedback writer, his answer to me and his initial letter.
Dear XXX,
Thank you for the well expressed and greatly appreciated letter. I agree and the consequences for future challenges of both government and non-government lawlessness are huge. Since this is a published case, it becomes a reference for “case law” justification. It has been difficult to explain the effects of this decision by the Third Appellate Court. The future results are very disturbing. The answer to your question may to be with the US court; however an appeal for relief from paying for these criminals’ defense may have recourse back to the appeals court.
What were buried are the facts that these private lawyers broke several laws
in disclosure to the Sierra County Grand Jury in order to get an indictment as well as broke the laws for appointment. The absolute immunity claim was their creative defense to turn the law upside down. Those three judges took the law away from the superior court decisions frivolously.Anyway may I put your letter without your name on the Forum? You truly
raised some points that needed to be raised.Sincerely,
MichaelANSWER
Absolutely. It would be great to see it included. Enjoy the new year.
XXXINITIAL LETTER
I have read once again about the legal tragedy regarding the CDAA
(Mountain Messenger article), and I have once again been confused why no-one
properly addresses the real problem the court ruling caused…interpretive
laws. It amazes me that after months of legal dispute the most basic aspect
of the immunity law, the law protecting the CDAA, has been entirely
overridden by…well…intent. Does not the law stipulate completion of
actions prior to such protection, hasn’t the court heard official,
undisputed testimony that paperwork was not successfully filed? How, then,
can a court of law find that the lawyers THOUGHT that they were protected
and therefore should not be held responsible for their actions? One would
think that, if anyone were to make completely sure that every necessary step
was taken, it may possibly be those representing the State government. And
one might think that if they aren’t careful they might not get rewarded for
their ineptitude.
Strangely they are given immunity to their own hast and carelessness.
Men and a company have been painfully victimized by…who? The county? The
State? The CDAA? Or is it that it doesn’t matter? The protective law was
created to shield prosecutors from cavalier groups who opt to sidestep the
system and create personal damage to innocent messengers of the law. Now it
is being used to block any accountability for vigilantes. Were they asked
to come? No. Where they wanted? No. Did anyone care that they were
there? No. When the very sheriff’s office they are assisting (note: they
are intended as assistants to the county, right?) can’t even verify that
each member of the deputy legal council was sworn in, there cannot be a
strong argument that the CDAA was merely following along. Instead they were
in the driver’s seat throughout. In all that I’ve read about the case I
don’t remember hearing that they answered a call for help. How can they be
a victim. Until they identify utter subservience to another person/group,
who could be considered a sort of shield, they are in every way in charge of
the enactment of their protection. And if it is not enacted then it is on
their hands.
The court informed California, and the entire nation, that if the law
states that protection comes following the completion of two actions then
really you only need to get close on one of them. We have land-grabs,
corporate takeovers, contract annulments, etc. based entirely on hairline
gaps in the law. This law stated (again, from what I’ve read) that
protection comes after the clerk files the paperwork away, not when legal
council turns it in. The law makes no statement implying that prosecutors
can consider themselves protected when they are not. Look at the amount of
definitive paperwork built up over this case, and it came down to a judgment
call over best intentions. I’ve seen some big loopholes over the years, but
this one is astronomical. Now the law is not confined to the letter, but
instead to area between the lines. How can you know a law when you can
merely get close. OK, how close? What laws? What kinds of laws? To whom
does this apply? Can the 16 to 1 follow the same route by maintaining that
they THOUGHT the law had been broken and shouldn’t be penalized financially
for attempting to carry-out the law? Unfortunately in the wrong hands this
ruling could make Roe vs. Wade look like a traffic ticket dispute. Unless I
am horribly wrong in my reading of this case I really hope that somebody
forces clarification on this ruling so that we know exactly when a law is
officiated, and if “assuming” protection is sufficient grounds for full
legal protection. In order for that to work the issue of what percent of a
law must be carried out for the result must be pushed. At the end of the
day that is the question, what percent of a law must be completed for it to
apply. The answer is not a variance, but a definitive number (and I have a
feeling that the number has three digits).in reply to: Clips from Alleghany #3081Scoop!
Next time no “carbon copy”!A Golden Opportunity
No other educational experience is like an underground tour of the Sixteen to One mine in Alleghany. Nowhere else in the world can students and individuals experience the sounds, smells and sights of a living hardrock gold mine. The exposed geological structures of the Sixteen to One are more vivid than lessons in any textbook. The vibrations of a mucking machine moving material or a trammer coming down the tracks leave impressions not to be forgotten. The weight of gold in the hand sparks economic discussions and expressions of awe.
Underground Gold Miners of California Museum (UGMM) was incorporated in 1995 as an educational entity to take advantage of this rare opportunity. Educational tours are conducted seasonally from May through October of each year.
In a typical season 400 to 500 individuals tour the mine. Several local schools bring classes of children every year. University professors bring geology students or history classes. People from all walks of life and from all over the world come to this remote place to experience underground mining and get a glimpse of the life of a miner.
The museum in Alleghany is the starting point for all tours and is also a showcase of local mining history and geology. Earlier this year a museum supporter associated with a charitable gift fund recommended a grant of $30,000 to UGMM specifically for the acquisition of gold quartz specimens from the Sixteen to One. The specimens were chosen for their ability to demonstrate different geological formations as well as their rarity. These specimens are now a permanent part of the museum collection.
Original Sixteen to One Mine, Inc. owns many more carefully selected specimens collected over the last 20 years that must be sold. Because the supporter mentioned above sees the value of keeping these specimens together at the museum, sitting on the very ground from which they came, he will recommend another grant of $25,000 up to $50,000 IF A MATCHING PLEDGE OR PLEDGES CAN BE SECURED.
Please help us take advantage of this offer. Donations are tax-deductible. All Donors will be acknowledged as part of the specimen display in the museum. Please send your check or pledge made out to Underground Gold Miners Museum and mailed to P.O. Box 907, Alleghany, CA 95910. A receipt for tax records will be sent.
I can be reached at 530-287-3223 or info@undergroundgold.com if you have any questions. Thank you for your time and consideration.
Sincerely,
Rae Bell
Curator
December 21, 2007in reply to: Clips from Alleghany #3080There was another bit of information Scoop lifted. This was from Rae’s desk. It’s a delightful accounting of the past year. Scoop may loose his press pass but here is another bit of inside info from the mine that went out to present and former directors:
I hope this message finds you all well and enjoying time with friends and family over the holidays.
Remember when I used to send regular updates as to the happenings at the mine?
I am going to try and start doing that again. Mike has requested it. Looking back at the old updates provides a unique look at the “goings on” here. (Rae’s perspective unedited)
The most exciting news in my mind is a recent offer by a shareholder, who has invested in a Charitable Gift Fund to donate $25,000 to $50,000 to the museum specifically to purchase specimens from the Sixteen to One to become a permanent part of the museum collection. He donated $30,000 earlier in the year for the same purpose and we appealed to the shareholders for help and managed to raise another almost $4,000 from 61 shareholders. This time he wants a matching pledge before he will donate funds. Technically he can recommend a donation from the fund and the fund has the authority to deny or act upon his recommendations. I have attached three documents to this e-mail that I mailed to each of you today. I also mailed them to all the lifetime members of the museum and a few other shareholders. If you know of ANYBODY who might need a tax-write off and you feel comfortable sending me his or her address please do so. It is too bad I couldn’t get this out sooner in the year, however; no expiration date is on his offer. The rush is from the Sixteen to One as selling the specimens is a high priority.
This update might be a little awkward because I am not sure what you do and do not know. I am going to assume you know very little even though you probably know more.
As all of you know the larger the work area the greater the overhead expense, especially with second exit requirements. The areas worked have been primarily off of the 800 foot-level and the 1,000-foot level. In hindsight perhaps we would have mined differently (little gold). With the cash flow what it has been, short term targets have been the goal, but none of them paid off and some became more “long-term” than “short-term” like the 1,000 foot level rehab which was ultimately abandoned.
The water is still being held at the 1,500-foot level. The hoist was officially taken out of service in late summer. However it can still be used to hoist equipment. A transformer on it blew out last spring and it took quite some doing to get a replacement for it. The thing was an antique. We now have the replacement but it has not been installed yet.
Due to a lack of cash the first week of November all the miners were laid off. They were offered an option of working as independent contractors for a percentage of gold on a 30-day contract. David and I chose to take a trip to Montana to work on our projects there at this time. The 30-day contract turned out to be a joke. The men worked three days a week and left early quite often. At the end of the 30 days nobody came to talk to Mike about renewing. I got back just before the 30 days ended. A decision was made to shut down for the Holidays and regroup in January.
Incidentally two MSHA inspectors showed up the day after the 30 days was up and nobody was working. We told them we thought we had 30 days to notify them of a shutdown. Bruce Allard (one of the inspectors with a long history of butting heads with Mike) said that “no, if there is a change to our legal ID information we have 30 days to report the changes.” In the case of a shutdown the rules just say that we must notify them immediately. We looked up the code and it turns out the code just says “must notify MSHA” with no time specified. Anyway Bruce was not being argumentative. He said if they could just do a partial inspection of the paperwork that would satisfy them. I volunteered to do that with them so we went down to the mine office where the records are kept and everything was good. Bruce said we needed to notify the MSHA field office that we are not operating but are in a “maintenance only” status. According to Bruce if we are in a “maintenance only” status they will still come see us twice a year to verify that nothing has changed. Letters were sent to both MSHA and OSHA notifying them of our shutdown status.
Mike’s son Reid and Chico (a miner who has worked here on and off for about 8 years) have been doing maintenance & cleaning things up. Other than that no mining is taking place at this time. Mike may get another contract started in January and a few miners have expressed interest; however it will be under more controlled circumstances than the last contract deal.
Phone calls come in to the gold sales division everyday for slab. David has been able to scrape up bits and pieces but has to turn most customers away. Mike made a trip to Orocal today with a small batch of slab that will almost get the critical bills paid for December. We are once again playing the game of paying the most critical bills and working out payment plans, etc. with the others.
The remainder of the employees (myself, David and Kyle) was laid off on December 16th. The timing was such to prevent starting another year with the payroll service, as there is no need to keep them now. Kyle Hall (Office assistant for the last almost 3 years) got a job delivering mail for the postal service. She starts on the 29th.
The Worker’s Compensation policy is in good standing. I sent a payment to them today. I will have to call them around the first of the month to see if they will work out a payment plan on our balance due.
The judgment for attorneys was rendered in favor of the CDAA attorneys but in a lesser amount than what they requested. The judgment says “$88,376 for 16 to 1” and $14,012 for Michael Miller. Mike is already mulling over the idea of another appeal. He told me not to book anything until the final Judgment is recorded. (That might not be the right lingo). I remember, I think it is the “Judges Order” that still has to be filed. This will have the final language as to the amount being demanded.
Mike’s priority now is trying to market the specimens to a museum. Of course we wish that our little museum could buy them all but that doesn’t seem doable. A new safe was purchased by Underground Gold Miners Museum and is bolted down. This was done to protect the specimens already purchased.
We got a bit of snow this week, mixed with rain. There is about a foot on the ground. Didn’t warm up today although the skies were clear. Mike got stuck in his driveway but managed to shovel his way out. He was having a computer glitch on his computer at home, which I fixed today. I walked out there on my way the post office. A walk to the post office is a much-appreciated break from sitting at my desk all day.
in reply to: Clips from Alleghany #3079The mine is a refrigerator as a result of the past week’s weather. Ice sealed the track from the battery charging station to the portal. The maintainence crew had to chip, beat and blast the rail free from the ice. They needed the train for supplies.
Some rocks gave way and smashed the ground support. The steel sets held up in the travelway, so no miners were in danger. Rocks will fall. Miners are always in danger.
Scoop hung out at the office because the staff had propane, so the heat was on. This special office reflects the emphasis of management towards the underground over appearances. Mines should be maintained if there is value.
Mike was out of Alleghany selling gold that David created from inventory. One look at the inventory $$$ paints numbers so fart less than the proven actual $$$ that the gold is sold for. Gold as bullion is easy to buy and sell. The Sixteen gemstone also is easy to sell and at a price above bullion but very hard to buy. Rae was balancing bills. The office watch cats were hanging out so I just lifted a couple of stacks of paper upstairs.( Kyle was in training for the US Post office temporary job she won.)
Here’s one of the papers that got Scoop going:
Curiosity and Time on your Hands
Once upon a time I was a Director only of Original Sixteen to One Mine, Inc. I was not an employee or an officer, only a director. The chronology getting there is:
1974 Introduction to the mine. My first trip to find the Sixteen to One mine.
1975 Introduction to the company. First time at corporate office in S.F.
1976 Nominated to Board of Directors at annual meeting. Surprised all directors and officers, lost but recorded strong votes.
1977 The proxy fight is on. Elected in April at S.F. annual meeting. First meeting with all five of the directors and the lawyer I voted out.
1978 Gaining more shareholders’ proxies.
1979 Gathered enough shares to elect three directors and myself. I become the company president. Coup de ta and out as president.
1980 Stew the pot.
1981 Stew the pot
1982 *
1983 Blew the old men out of office and out of the game. Nominated and elected President at annual meeting in Sacramento.During the time between April 1983 and 2006, I created gold related stuff. This case contains the stuff. Since our belief is that stuff should be offered to buy, it must have a price. All stuff is carefully priced. A few items may seem outlandish, which means you need money as well as time on your hands and curiosity.
I sincerely hope you saw something as special as I.
in reply to: Another U.S. precious metals miner goes foreign #3078Whoops
Christmas/// been a rough monthin reply to: Another U.S. precious metals miner goes foreign #3077Hi All
Look’s like i will be trying to buy for over .75 cents next week,maybe Greenhorn will put some of the $8,000.00 profit he made back into the mine.
Merry Chrismas & may the New Year be GOLDEN!!!!!!in reply to: Another U.S. precious metals miner goes foreign #3076Hi Greenhorn,
Wanted to chat about your last entry on the FORUM. I realize you are traveling but maybe you’ll have a break to call (530) 287-3223.
My memory may be wrong, but you picked up some stock on the gray market for pennies and sold 1000 shares through our web site. I remember we talked about the market and the mine but not the details.
The gray market is a joke; but even though, the last trade was at $.75, which is the same as the bid on the web site. I know ten people who have placed limit buy orders ranging from $.50 to $.75 without them being filled. An A.G. Edwards broker is monitoring the trades. This increase occurred with just a little pressure on whoever was making the market at $.0001 to be professional. Also a letter to the SEC may have helped bring this market closer to our web market.
Both markets are illiquid, but anyone can now see what may happen with this stock with effort and some capital. Ten percent of this company with the guarantees given for $5 million will be the buy to remember once the public gets interested in precious metals again. Five million dollars is a small amount of investment when compared to other gold opportunities, which is why the NovaGold fiasco is important to reveal. The industry will be announcing more of these collapsed “deals” in future months.
A gold deposit like the Sixteen to One is rare and unusual. It is well suited for rare and unusual operators not large corporations. Ours is not an exploration program like the deals mostly around. The small exploration guys today are dreaming that a major will come to their rescue and spend money to put the exploration target into production. If not these exploration guys always spit out meaningless drilling reports that few understand to promote their property. Most of these properties have been looked at a dozen times already. For anyone venturing into a virgin prospect like Galore Creek, well you now know what can happen. The other unpublicized event that continues to happen is when third world countries change the game once money is spent. The record is lengthy and financially devastating.
Which brings me back to your idea. It is okay but unlikely. Another factor is always the bureau racy with any large company. It takes hungry men to win gold. Increasing the price of a share of a gold corporation can be done on a full stomach. We are hungry.
I think you are smarter than exhibited with your entry. As a legal and economic consultant, I would expect you to bring a sophisticated thought process to the Gold Sector. There is no better time to make a lot of money in it. There is no better opportunity around to make a lot of money cleanly and with minimal risk than what is on the table with Original Sixteen to One Mine, Inc.
I encourage intelligent people with the money to play or the ability to locate those that do to spend some time with me. I hope you meet these situations. Come on up for a visit and see for yourself.
in reply to: Another U.S. precious metals miner goes foreign #3075Do you think any of those folks might be interested in buying the entire operation and then investing further in it? The current stock price seems to make that an attractive option as compared to the $5 million deal.
in reply to: Another U.S. precious metals miner goes foreign #3074Mike, forward this to them, AKA their missed boat. Shucks, how about their share-holders?
in reply to: Another U.S. precious metals miner goes foreign #3072Many of you may have missed the stunning news released on November 26 by NovaGold and Teck Cominco Ltd. These two companies partnered up on a gold deposit called Galore Creek in northern British Columbia, Canada. They invested $665 million in infrastructure but decided the plans were faulty, the engineering studies were flawed and the cost analysis was grossly underestimated.
The companies intended to spend $2 billion, yes two billion dollars before mining an ounce of gold or copper. Construction estimates were raised to $5 billion and construction time increased from two years to five years. The two companies will spend a mere $100 million more of their shareholders money to wind down construction.
The Financial Post first published the story and quoted NovaGold president Rick Van Nieuwenhuyse, who told the Post, “other companies might have said, ‘just go ahead, and after we spend US$2-billion we’ll let everyone know it’s actually going to be twice that.’ We didn’t think that was the right approach. So I think when the dust settles, people will realize that we’re looking out for the best interest of our shareholders.” The article stated that one problem was that the massive ore trucks were too big to move through narrow parts of the valley.
I believe this is another reality check about all the hype of large companies funding the development of raw or virgin metal deposits in remote areas of the world. I expect more of these revelations will be announced. So, why have I taken the time to write this? Simple! Our infrastructure is in place. Our plans call for $5 million dollars. Our gold brings a huge premium over the $800 spot bullion price. Our geology supports our plans to find a lot of gold and make an obscene profit in the process. Can you imagine walking away from a $765 million goof and responding to its shareholders as NovaGold did?
in reply to: Technology #3071Mike,
Something that might be of interest to the reader (and myself) is a description of a false positive. Is there any one thing that was found more often then not (other than the lack of gold) or a set of physical properties that was noticed when heading for the target?in reply to: Technology #3070There was an important new development in gold detection in the Sixteen to One last week. It reduces the time to develop the soft wear required to distinguish gold from a positive signal that is not gold but some other physical characteristic that appears positive. It also greatly reduces the costs involved in mining the targets identified by ground penetrating radar (GPR).
People unfamiliar with our high-grade gold deposit and unfamiliar with the science of blind detection cannot imagine how significant metal or gold detection is. With equipment penetrating just the depth of four feet, we have mined millions of dollars of gold from areas left by past miners. Twenty to fifty feet is attainable now by all accounts provided by people or companies working with radar detection. With this new development it becomes practical to look at all targets without the former concern of finding nothing more that the dreaded “false positive”.
The next step is to bring in the best hard ware available. I do not know where it is but now am confident that we can afford to chase these targets without duplicating the problems encountered between 1993 and 1998.
in reply to: Technology #3073A “false positive” was a new concept for all of us at the mine. Between 1993 and 1998 six groups and a number of individuals came to Alleghany with either existing equipment of ideas and money to development a gold detection machine. We provided the opportunity and our contribution was to mine the targets that showed up from their detection.
After several disappointing results from our drilling, blasting and mucking the target, we became more and more critical of just what the scientists represented as a positive target. I learned that disappointment in technical research is to be expected and the scientists called these “false positives”. I did not think these were very positive after awhile but reluctantly adopted the language of science ie, “false positive”.
Some of the things we found during our part of the deal were: vugs, horses, old pieces of equipment, and dramatic changes in the quartz. A vug is a small cavity in a rock (quartz in our case). It may be lined with crystals of a different mineral or quartz crystals but the open space alters the detection response. A horse can be a splitting of the vein but what we usually identify as a horse is a large block of displaced wall rock caught along a fault or a mass of country rock lying within the vein. Signals act differently because of the physical differences between quartz and the country rock.
After many encouraging positives both false and true, we decided that it was impractical to continue the chase. Most of the errors were human(the need to get good results to encourage more working capital or sloppy work procedures); but one important concern is what is called the rock to sender interface. With radar it is important to get rid of clutter. If the rock to sender interface is not addressed, as much as eighty percent of the electrical signal creates clutter and negates much of the depth and reliability of the equipment.
in reply to: CDAA Conduct #3069Just consider utilizing some
citizenry “power”. I don’t
want to be anymore specific
than that.in reply to: CDAA Conduct #3068SOMETHING’S WRONG !! (and something’s right, of course.)
It’s been more than a few days and no boots have been on my doorstep, no rap on the door with hooded cloaks offering membership into the oblivion of the politically correct position. Hmmmm. What’s this called: a waiting period?
Actually, I didn’t expect it, not like the days when they deployed such frauds like ‘Goldmaster’ to do the dirty work. I relish the purity of my position on all this CDAA stuff: I have only the truth to remember.
Based on the return emails to my own forwords, there is a groundswell building, albeit, late to the party. It harkens upon the theory that when idiots (in this case the CDAA) wants to speak, stand back and watch them make fools of themselves…or to make an even more familiar truth evident: that when you vote yourself power you will lose it because your head is planted firmly in the ‘dark’…or even better yet, never put yourself in the position of an indefensible lie.
There is a positive wind blowing tonight.
in reply to: Clips from Alleghany #3067Have you ever wondered just how a gold producer sells its gold? Mike did a small transaction today and here is how it was done.
Bars of gold (dore) from milled quartz/gold are mailed via the US Post Office to Metalor, a refiner with facilities in Los Angeles and Massachusetts. Each shipment has a tracking number provided by the refiner. An assay is done and the raw gold is refined into pure gold and pure silver. This can take a week or longer. The Company then gets credited with the melt down amount measured in ounces.
Mike or Rae are authorized to sell the Company’s inventory. Either one calls the refiner in Massachusetts and talks to the trader. He quotes a sell price at that moment and if accepted, sells the ounces. Today’s price received by the Company was $797.70 per ounce. The high today was $806.05 and the low was $791.60.
The money is wired to the Company’s bank. The refiner charges $20 and the bank charges $10. The money is wired in two days; in this case it will be available on Friday.
The workweek ended today for the contract miners. No gold production to report.
The past week was cold and sunny. Monday night a tropical storm moved into the Sierra Nevada. Temperatures climbed to 61 degrees, not bad for December. Climate change may not be an evil fearful evolution for everyone in the world.
in reply to: CDAA Conduct #3066I don’t think it would be a good idea for ANYONE from the
CDAA to poke his or her nose inside the county line of
Sierra Co. EVER!!. They just might be dealt with like a
certain BLM functionary in another state could have been dealt with.in reply to: CDAA Conduct #3065There is a foul wind blowing in this State & Rick is right it stinks bad. The people who run the Sixteen love to mine gold “that is what they do” and i would like to see them open all their mines & put California back on the map as a gold producing State. Their are only two ways to produce wealth & that is farming and mining everything else is derived from these two activites everything from computers to cars & houses everthing, but the State of California seems to go after farmers & miners instead of helping them it’s like they want to be in contol of everthing & people working hard to get gold from the earth is something they can’t control so they send their lawyers in to disrupt them. I will be writing to my representatives & Arnold about this and will tell everyone that will listen. The Goverment is here to protect us but i think it’s us that need to be protected from them.
I would like to thank the people who run the 16 to 1 for giving me a chance to invest in a Gold Mine in my home State it is what made this State in the first place & if people would wake up to the fact that there is alot of gold left & let people mine it California could be a great State again instead of the laughing stock we are now.in reply to: CDAA Conduct #3064Read the message below to understand why I refer to the term “terrorist” lest I get sued by an illegal entity like the CDAA or get indicted for something that never happened.
Below, our friend writes of how the award is excessive and that we should make a deal through negotiation.
First, it’s not an award, it’s an abomination of justice. Second, negotiating with terrorists is not acceptable. Leave there no question about it, this is the description of the very the entity that just circumnavigated the in situ justices in the 3rd court.
I know you justices will read this, but I don’t care, because you deserve to read how outraged we are, and also how exposed you are to the ruling you just made. It stinks and everyone knows it. YOU KNOW IT. Especially you. You guys are as fraudulent as the CDAA.
What should happen: the CDAA was criminal in their omission of exculpatory evidence in their fraudulent Grand Jury indictment that promptly got tossed away. The CDAA should be prosecuted, PROSECUTED!! for lying to the Grand Jury, just like everyone else. Does North Carolina’s case, or Barry Bonds’ case make this any smaller an infraction of civil liberties?
Yet, who will??? There are just Chikens out ther. I challenge the California AG, Jerry Brown, to take action on this, before knowledge of it muddies any attempt to run for Governor of California again. I hope these words get Googled and searched over and over so that his very office is aware of how we are aware of this fraud. I’m right here. Come find me.
WHERE ARE YOU GUYS WHO ARE AS OUTRAGED AS ME????????????
This whole thing stinks. The Original Sixteen to One Mine did nothing to force them into a position to “make a deal, or negotiate”….it could be any of us. WAKE UP!!!!
This entry should be copied and blogged onto every discussion group on the planet. I’m starting it.
I can summarize the ciminal act with this:
“An accident happened, and ruled an accident by everyone in legal government. Vigilante crooks highjack a Grand Jury, lied to it to obtain essentially a “Murder” charge against an innocent private sector green-gold-mine operation, to gain political point as payback for their win of a non-competitive bid from the Labor Relations Board.
The charge gets promptly thrown out of court by the (thank God sober judge)when challenged, and the criminals say “Oh well, sure, we lied, we cheated and guess what? We’re immune from any damages. Try us, you’ll see” Mike Miller and the Original Sixteen to One Mine challenges this assumption and gets railroaded by the 3rd Court, who cites the criminals as being immune. Then the criminals (CDAA) sues for court costs, and wins a judgment, the only appeal is back to the very court which upheld their immunity.
THIS STINKS !!!!!!
The only other option is a citizens arrest, and believe me, it should happen. Who would prosecute?
I am going to fight this injustice, despite the mine. Despite the fact I’m a mere spect of dust out here, but I’m not going to sit silent. I have nothing to lose, except my life if fraudulently messed with like the CDAA did with Mike Miller’s and his friend, John. I don’t care, I’m fighting, not negotiating. Especially not with the likes of the CDAA.
Copy and paste and wake up. If this gets me in trouble, then it should It’s the truth. One thing my dad taught me: never lie, never cheat, because you never have to remember anything but the truth.
in reply to: CDAA Conduct #3063Excessive award. Negotiate,ie
Make a deal.in reply to: CDAA Conduct #3062Free speech in California is no longer a constitutional right according to three California appellate judges. A privileged class of Californians (not government employees) can say and do whatever they want without recourse to the law AND YOU WILL PAY FOR THEIR LAWYERS FEES FOR SEEKING FINANCIAL REDRESS FROM THEIR ILLEGAL BEHAVIOR TOWARDS YOU. THEY WORK UNDER THE AUTHORITY OF OUR JUDICIAL BRANCH AND ARE CALLED LAWYERS.
Assigned Superior Court Judge R. Michael Smith awarded the five CDAA defendants in our civil case $115,000 to be paid by Original Sixteen to One Mine…$100,000 and Michael Miller…$15,000.
in reply to: Miscellaneous #3061The “Sierra” free magazine has
a really good writeup on the
Sixteen to One that should
also appear in other media.
The article is relatively well
done and speaks well for the
mine.in reply to: Gold Enters Major Bull Market #3060Gold $801.40
Silver $14.48
Gold/Silver Ratio 55.35
Gold/XAU Ratio 4.74Dow Jones Industrial Average(DOW) 12,799.04 off 211.10
The DOW confirmed today that it has entered an intermediate bear market. The market just can not handle anymore writedowns from financial institutions.
The 200 day moving average line has been decisively broken to the downside by the DOW. Monday and Tuesday it appeared that aggressive hedge funds were unloading freight car loads of stock just under the 13,200 level.
in reply to: Gold Enters Major Bull Market #3058Some years ago in the Hall-
wood area adjacent to some
dredger tailings near Marys-
ville, a farmer drilled an
irrigation near his home and
the driller found Platinum
but not in paying amounts.
Tough luck!.in reply to: Gold Enters Major Bull Market #3059Gold $803.40
Silver $14.71
Gold/Silver Ratio 54.62
Gold/XAU Ratio 4.67What a difference a day makes!
Gold is up over $30 from late night’s trading in the Monday Asian markets.
I don’t know about you, but I’m starting to take offense watching the little tricksters, the bullion banks, jump to the tune of selling paper gold each time their handlers push the sell button.
All shareholders of gold mining companies in the U.S. have been severly damaged by the unethical exploits of the Fed and the Treasury Department to suppress the metal’s price for some years now.
Gold should be selling for well over $2,000 an ounce and it’s not and the gold mining companies hardly have a chance to produce profits because we are forced to transact our business in their rapidly depreciating fiat currency. The bottom line for us is, our costs are spiraling higher with no end in sight.
Jim Sinclair calls the CPI Index a cartoon. Keep reading jsmineset.com for current honest reporting of our financial system in meltdown that the media chooses not to cover.
The government has been trying to put the gold miners out of business for some time now. You just have to look north to Canada to see what our miners don’t have. Quebec for example, totally supports their miners and actually pays a good portion of the company expenses for mineral exploration. Nothing like this in California, all we have is Darth Vader’s dark legion of organized attorneys(CDAA).
Our U.S. Constitution clearly states that we are only to use silver and gold coins but the pimp money changers control the system. They make their own rules and no one stands up to them with any success.
GATA is one that tries for the miners. They currently have a lawyer attempting to disprove that our gold supply does exist at Fort Knox, West Point and in the vaults of Federal Reserve bank in New York so we can bring the government paid evil doers to justice.
Guess what? It’s all gone to “deep storage.” What’s that? It’s a trick to make us have to look for it in a maze in a place that doesn’t exist.
The only way to save ourselves is to as quickly as possible convert our greenbacks into gold and silver coins. Gold and silver coins appreciate, unlike the greenbacks which are losing their value at a 20% clip this year.
in reply to: Gold Enters Major Bull Market #3057Gold $789.50
Silver $14.50
Gold/Silver Ratio 54.38
Gold/XAU Ratio 4.57November 16, 2007
“One early-warning harbinger of inflation is the dilution of the dollar until it starts to lose exchange value against foreign currencies, and the dollar, with fits and starts, has been in a long-term bear market for several years.”
“A falling dollar is inflationary, as it takes more and more dollars to buy increasing amounts of foreign-produced goods we are now buyings. Wal-Mart’s soaring sales are a telling indicator, as they are China’s biggest customer for cheap goods produced by cheap labor.”
“Gold and oil are quoted in dollars, so up they go. And now the metals are rising, not just against the dollar, but against nearly all currencies as the metals grow in strength, with some dramatic retreats, WHICH ARE ONLY OPPORTUNITIES TO BUY MORE.”
“The falling dollar explains early strength in the metals, and there is a lot more to come, as we continue to flood the international money markets, and now we don’t even have to print them.”
“This is now the Age of Cyber-money, when less than 5% of the dollars are minted or printed, but are only computer entries at banks. We don’t even know how many dollars there are! The Fed has recently stopped publishing key money-supply numbers(M3) without explanation.”
Howard Ruff
The Ruff TimesThe day is slowly approaching where everyone’s realistic wealth will be commonly valued, not in dollars, but in ounces of gold.
in reply to: Gold Enters Major Bull Market #3056Gold $785.40
Silver $14.43
Gold/Silver Ratio 54.43
Gold/XAU Ratio 4.55It’s confirmed, the bullion banks were responsible for last week’s weakness in gold. Dan Norcini of jsmineset.com has evaluated the CFTC data released today and has applied it to the Gold(COMEX) – Commitment of Traders 2004 – 2007 chart and has made the following comments:
“Notice something unusual about this chart(the chart can be seen at jsmineset.com) – look at the commercial short position – not their net short position but the outright short position being held by the bullion banks – it actually INCREASED in spite of the $42 plunge in price on Monday followed by the $16 drop in price on Tuesday. Both of these days are reported in the release of today’s CFTC data.”
“This occured in spite of very sizeable fund long liquidation(over 13,000 to be exact). This is a very clear indication that the gold price was FORCED down by the bullion banks-there are only two occasions that I can recall in the past few years in which a price plunge of this magnitude have seen an INCREASE in the commercial short position.”
“On both occasions, it was evident that these players were deliberately attempting to force the price down. Normally, they lift or reduce the number of shorts on price downdrafts.”
“It is interesting to note that that the ENTIRE decrease in the commercial net short position therefore came about because of very large end user buying by the other commercials.”
The Wall Street Journal inferred in its Monday morning edition that gold can’t even keep up with inflation? No wonder, with the henchmen bullion banks hammering it lower each time it starts a good run.
Why was the order given for Monday morning? Would it have anything to do with the stock market closing down hard for last week and especially on Friday?
Would it have anything to with the Financial Accounting Standards Board implementing rule #157 for the coming Thursday(November 15, 2007)?
This rule expands disclosing about the use of fair value to measure assets and liabilities.
This rule is basically the Board’s establishing a measurement framework to expand disclosures associated with fair value measurements.
Rule #157 will force all financial institutions and other companies to call a spade a spade concerning financial instruments and their real value. The real value is the price these assets can be sold for into a willing market.
Unfortunately, many instruments like OTC derivatives have no market. Will these institutions mark them to zero? Their accountants might not but the auditors certainly will if they treasure their licenses.
There is a coming shock that will be felt by everyone, sooner or later. When people get the message, they will flock to gold, bullion banks or no bullion banks.
Somewhere down the road, physical gold buyers will have to square up with the short sellers. The big question is, where are the bullion banks going to get it from then? You can’t be selling paper gold on the COMEX until the end of time.
in reply to: Gold Enters Major Bull Market #3054Gold $816.80
Silver $15.10
Gold/Silver Ratio 54.09
Gold/XAU Ratio 4.35(Ahead of the shares opening in 9 1/2 hours)How ironic!
Just finished speaking of the difference in the current price of gold and its
anticipated advance ahead to its inflation adjusted real price and the following was just picked up as a preview of tomorrow’s Wall Street Journal’s article, “Gold Record Is A Distant Prospect.”Monday November 12. 2007
by Melanie Burton
“Gold made headlines last week by flirting with its 1980 peak price, but the precious metal remains far short of its inflation-adjusted record–and probably won’t see it soon.”
Ok, this is the start of evidently a massive concerted effort by the anti-gold establishment to beat back the price of gold. They have never before used this type of justification to support the idea to the public that gold is so bad off it cant’t even keep up with inflation like the stock market has over past years.
Expect all their forces, probably the bullion banks have started already selling tonight in the Asian markets with more coming tomorrow, to be directed fiercely against gold with a blast from their controlled media and their hired gun mouth pieces.
My wife just asked me the other day, “why haven’t we heard anything on the major news networks about all the strength in gold that I have been listening to from you lately?”
Guess what? They were instructed not to mention it. That tells me one thing, someone is really worried that gold is up so much.
It should be an interesting week for gold, probably lower.
I remember quoting the Boston Globe a few years back or so saying, gold is poised to sell off and is a bad investment. Since their brilliant comment gold has more than doubled.
DON”T LISTEN TO THE MEDIA FOR INVESTMENT ADVICE!!!!!
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