Original Sixteen to One Mine, Inc. - Forum Topic: "Miscellaneous"



	September 7, 2010 Tuesday

Forum
Topic:
Miscellaneous

By bluejay
06/30/2010 10:55PM

Are we becoming debt serfs?

http://www.youtube.com/watch?v=J3Dw-i7ylV0

By Michael Miller
06/30/2010 12:43PM

The lead heading of Brent Cook’s article makes a bold statement: Geologic success can only come about if a company is exploring in the right place—a terrain that is capable of hosting a major deposit. His next important point is: Gold mines and discoveries are in Short Supply and that major companies are facing a big problem. He offers the reader a solid opinion: economic gold deposits are extremely rare. He closes,“ Now is the Bad News ”: It Ain’t easy.

I like what he wrote yet even with his 25 years as a geologist, consultant and investment adviser, he is not a miner with high level management responsibilities. Therein lies a problem for a thorough analysis of a mining operation or exploration proposal. Therefore therein lies the problem for you, the seeker of participating in the current bull market of gold.

I can add to Brent Cook’s fine knowledge and other writers with similar expertise in the multi-faceted analysis of gold. A key word that Brent used in describing the rarity of gold deposits is ECONOMIC. For financial survival the underlying values of a deposit are reported in various types of “reserves”. Only one is relevant in comparing the risk/reward and return of capital of a proposed operation. It must be provable. This is the life long industry standard for economic reserves. It must pass the economic test. Probable, inferred, resource or hope and gut feelings do not lend themselves to an economic evaluation for investment. They may have secondary value, but if the operations cannot function over time, they are meaningless!

Mr. Cook closes with the following: “If, for example, you are a company exploring for gold, you have to know where you are, and, more importantly, where you are not in these geologic models. If you are an investor in said company, you had better know too. It means all the difference between making a fortune on what the market has presented you—a sweet spot where the major miners need new deposits and can afford to pay top dollar for discoveries—and missing a real opportunity.”

Original Sixteen to One Mine, Inc will honor its 100-year or centennial anniversary in 2011. Competent geologists and others familiar with its history in Alleghany, California predict that more gold remains in its properties than the 1.5 million reported ounces mined. A world-class deposit is one million ounces. The company knows where it is and it knows its geologic models.

The majors have shied away from the Sixteen to One because many in management misplaced their mining balls for security. This is a social complete turn around from the Fred Searles or Maxie Anderson and other mining men of the past. Corporate security and bureaucracy have replaced the spirit of miners. Why? Because the financiers deserted the industry or have invested in foolish non-economic exploration schemes. Money talks and gold mining can be a costly adventure. Less talk…more rock.

Thanks, Bluejay for introducing Brent Cook. Now I’ll introduce him to the oldest US gold producer and invite him to Alleghany for a look.

By bluejay
06/30/2010 12:21PM

The current politicians, in general, are over-paid losers.

The following quote from Martin Armstrong( http://www.martinarmstrong.org ) illustrates this point so well:

"There is no hope that politicians will save us for they only form committees to investigate after the shit-hits-the-fan. They will not risk their career for a future problem that may hit on someone else's watch. There was a politician and an average man standing on the top of the Sears' Tower when a gust of wind blew them off. The average man being a realistic-pessimist, immediately sees he is about to die and begins praying while the politician, the ultimate optimist, can be heard saying, "Well so far so good" as he passes the 4th floor."

By bluejay
06/30/2010 10:39AM

Brent Cook talks about the challenges facing gold miners:

http://www.kitco.com/ind/GoldReport/jun292010.html

By lj
06/30/2010 8:11AM

Bluejay: “How do you screw up a place with the growth capability of California?"

The answer: Rigid ideology will do it.

By bluejay
06/28/2010 11:54PM

The Economist "Rising Government Debt is a Ponzi Scheme"

http://globaleconomicanalysis.blogspot.com/2010/06/economist-rising-government-debt-is.html?source=patrick.net

By bluejay
06/28/2010 10:59PM

A reality check on what's ahead

http://blogs.forbes.com/investor/2010/06/28/home-prices-could-drop-50-as-the-great-recession-resumes/?source=patrick.net

By Michael Miller
06/25/2010 3:07PM

To our friend Bluejay and other 's upset with the decline in the quality of life in California.

I feel qualified to answer the question on the previous entry below. It is one man's opinion but based on a lifetime of schooling, recreating,earning money, serving as a government appointee and an elected government official, alleged felon (thank you CDAA), parent, employer and producer of gold in this great State.

My faith in the people of California, the natural resources of California and the latent wisdom of all Americans provides me a calmness that better times are ahead of us. I'll take on that writing task next week.

Everyone is very business right now readying for the shareholder visit to the mine. The place looks great and the crew has almost finished topping off our preparations. Mining gold is serious business and so are we. And you supporters and advocates help. Thanks for caring.

By bluejay
06/25/2010 9:58AM

California is doomed.

Still, California isn’t Greece. It’s home to Silicon Valley, Hollywood and a $27 billion agriculture industry. “It’s unbelievable,” says Bob Nichols, CEO of Windward Capital Management Co. in Los Angeles. “How do you screw up a place with the growth capability of California? It’s so dysfunctional.”

http://www.bloomberg.com/news/2010-06-25/states-of-crisis-widen-as-46-governments-in-u-s-face-greek-style-deficits.html

By bluejay
06/22/2010 10:53AM

Excellent informative conversation with the smart east Texas Mike concerning the Gulf blow-out, a short primer on drilling along with comments on the economy, M1, M2 and M3 money supplies, gold and the banks.

Texas Overnight with Charley Jones out of Dallas.

http://www.krld.com/pages/75514.php

Go to audio
Select Texas Overnight
Select interview from 6-21-10

By bluejay
06/21/2010 8:47PM

California on "verge of system failure"

http://www.theglobeandmail.com/report-on-business/economy/california-on-verge-of-system-failure/article1609891/

By bluejay
06/14/2010 11:08AM

"Throughout history, it has been the inaction of those who could have acted; the indifference of those who should have known better; the silence of the voice of justice when it mattered most; that has made it possible for evil to triumph"

–Haile Selassie

By bluejay
06/13/2010 4:53PM

Dave

As most folks are aware of, we have a two party con-operation of control in effect at election time - both basically wanting the same thing as they continue degrading the constitution which so many sad lives were lost in defending. These people have no shame.

They will do whatever they want until people stand up and say something like this: I don't want the fox guarding my chicken coop anymore.

"Most of the representatives are only interested in the status quo." The statement originates from someone in the U.S. Congress that recently wrote a letter to Mr. Martin Armstrong stating this. In November we'll see how tired and mad voters have become with the trashing, little by little, of our Constitution.

I remember some years back a phrase from the "Dallas" show, probably Jock Ewing said this, "no one gives you power, you take it!"

I think we know who the power grabbing mongers are: you don't have to look any further than to the hacks in government. Whose real bidding were they secretly conducting when the Glass Steagall Act was ordered torpedoed? You don't have to look far: Who benfitted?

The Rothchilds in London, who control about half of the earth's wealth, always seem to write their own financial future by contolling events along with manipulating the flow of information. Remember all the money they made on British government bonds following the outcome at Waterloo in 1815?

I turned in my federal reserve notes long ago for the real thing. Our Founding Fathers had every right to require gold and silver to be used in exchange as I'm sure they knew a thing or two about the bankers and government debt.

By Dave I.
06/13/2010 11:36AM

The previous statement by me was assuming that there was actually gold in the new gold dollars. A wrong assumption. After further study the actual material for which this coin is made is as I quote Wakapedia: "The coins are made from pure copper with a manganese brass outer clad. Unlike most other coins in circulation, the selected outer alloy has a tendency to tarnish quite severely in circulation, as is the case with most brasses, resulting in a loss of the golden "patina"." Fooled again. If this is the case then how does the state pay there debts in Gold and silver?

By Dave I.
06/13/2010 10:22AM

The United States Constitution:
Article I:
Section 10:

"No State shall enter into any Treaty, Alliance, or confederation; grant Letters of Marque an d reprisal; coin Money; emit Bills of Credit; Make any Thing but gold and silver Coin a Tender in Payment of Debts;" There is more to section 10, but reference to gold and silver for payment of debts, is the particular responsibility of states that needed to be high lighted.
As I understand this constitutional responsibility of States is a requirement for states to have accounts at the national treasury in gold and silver to pay their debts. Federal Reserve notes, are not a gold and silver note. Weather we like it or not the gold and silver standard is the defacto coin of the nation. Then again we do have it. how much gilded gold is in a gold dollar?
The ratio of the value of the gilded gold on a dollar to the perceived value of the dollar is and can be interpreted as the true value of gold in dollars.

By bluejay
06/13/2010 10:00AM

Unbridled confiscation and theft is not just a State of California endeavor.

David DeGraw in the following short video with Max Keiser explains how it works on an international scale. You'll be surprised to find out who the financial death squad leader is. It's an old game: How do we steal someone else's wealth?

All these entitles, believe it or not, are allowed to operate in destroying the wealth of the people by our permitting them to hold powerful positions. Are we really that naive? The current problem for the Mine is, how do we get an Arkansas sized tick out of our lives when the courts are greatly stacked in the favor of prosecutors?

You take your case to the common sensed people who put these scoundrels in there in the first place.

http://www.youtube.com/user/MaxKeiserTV

By bluejay
06/11/2010 1:18PM

The Paradox of Regulation

by Martin Armstrong 6-03-10

An opening excerpt. The balance can be accessed from the following link:

http://www.martinarmstrong.org/files/The-Paradox-of-Regulation-God-vs-Man-6-3-10.pdf

God v Man

"Here is a strange phenomenon that is inherent in any action. My mother perhaps had the best maxim: "Even a good thing to excess is bad." This phrase she use to say when I was growing up is such a profound wisdom, we get caught up in all the nonsense that we become blind to the effects of what we are actually doing. I have observed this phenomenon for decades both live and in my study of history. I call it the Paradox of Regulation for what happens is quite profound. The more we try to regulate something, the more we in fact Deregulate. Indeed, where god set down a simple list of just 10 Commandments, man has frustrated his world by trying to constantly improve upon them to the point there are over 15 million laws, rules and regulations that all try to say the same thing, but in the process turn the world upside down. This is the source of our problems and the torment of political vacillations. If we could just get this one right, we would solve most of our problems in society."

-----------------------------------------------------------------

Mr. Armstrong speaks the truth. Wouldn't it be far simpler for the Company to just have to listen to the county Sheriff? Let him be the authority figure watchdog on the block with the Company's affairs with the caveat that he or she has to answer to an elected local citizen's over-sight committee. Let them be responsible for the 10 commandments and in the process get rid of the anti-Christ in the form of a politically appointed Water Board who doesn't want to exercise any compassionate creative reasoning with us but hand out tickets to support their ridiculous occupational presence and outlandish incomes.

Environment issues are important but having a rag-tag group of Ligislators use it to confiscate wealth is a CRIME against mankind in the eyes of our creator.

How many governments of the world had tried to indict a company and its officers for murder in an obvious accidental and traggic death of a miner in performance of his duties? Enough is enough!

By bluejay
06/10/2010 8:30PM

The blow-out in the Gulf, at the hands of ignorant and money thirsty British Petroleum, will prove to be the most catastrophic event against the environment in all of world's history. Even Obama has shown he is no leader by failing to take complete charge by just naively supporting one of his large campaign contributors.

I hold our government responsible for the continuing and pending destruction of the entire Gulf, the Atlantic Ocean and along with all of their inhabitants plus the sea birds that are suffering and dying a slow death being laden with crude.

The following is an interview with an elderly gentleman well experienced in the oil business. At the end of the interview his final comment of the atrocity against nature is garbled out. I ask, for whose benefit?

http://www.msnbc.msn.com/id/21134540/vp/37560013#37627680

We are living in another disgraceful period in world history where out-of-control corporate power not only is stealing our money via New York investment banks but now, it is destroying our planet.

How ironic it is that the flat-lander Central Water Board is chasing a ghost in the mountains with their their little rules book attempting to destroy shareholder's wealth when, in fact, there has been no damage at all.

By bluejay
06/01/2010 12:11AM

More money was lost in all types of bonds following the start of the Great Depression than were lost in stocks.

Bankruptcy talk spreads among Calif. muni officials
Jim Christie
Thu May 27, 2010 4:51pm EDT

(Reuters) – Two years after Vallejo, California, filed for bankruptcy protection, officials in nearby Antioch are also tossing around the ‘B’ word.

Antioch’s leaders earlier this month said bankruptcy could be an option for the cash-strapped city of roughly 100,000 on the eastern fringe of the San Francisco Bay area.

Antioch’s fiscal woes are standard issue for local governments in California: weak revenue from retail sales and property taxes is forcing spending cuts, layoffs and furloughs.

But cost-cutting measures may not be enough to keep Antioch’s books balanced, so its city council is openly discussing bankruptcy.

"We just want to alert people to the possibility," Antioch Mayor Pro Tem Mary Helen Rocha said.

Orange County Treasurer Chriss Street would not be surprised if more local governments across the Golden State sound a similar alarm.

Street expects more talk of municipal bankruptcy across California because local government finances are in such dire shape — a situation underscored on Wednesday when a top finance officer for Sacramento County projected a worse-than-expected shortfall for the county of $181 million, which could force more than 1,000 layoffs from the county’s payroll.

More…

By Rick
05/30/2010 6:10PM

Visiting with Rita and Sean yesterday, and the energy is still flowing!

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Fax:
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(530) 287-3223
(530) 287-3455
corp@origsix.com

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(530) 287-3540
goldsales@origsix.com

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