November 21, 2017 
 Tuesday 
 
 

Forum
Topic:
Miscellaneous

       

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 By oakrockranch

02/25/2009  10:44AM

To move previously mined gold as collectible specimens is an acceptable practice for any mine to gain cash revenue in down times. But in today's market, I don't think it's reasonable to expect these treasures to move at eight times (8x) the spot price. I realize some of these examples have added values due to their art appeal, gross size, sculpted beauty and historical provenance, but you may want to reassess their price points objectively. I too believe you're "sitting on a gold mine" and wish the best of times for the 16-to-1. I additionally hope your other funding connections materialize so you can get back underground. :-)
 By Michael Miller

02/24/2009  3:31PM

Bluejay, get a grip! I cannot fault you but please, doom and gloom is selling news casting across the world. I understand your concern. Our finances, our mines and operations are utterly unlike those companies you cited below. The only thing we have in common is we all are gold producers. These companies are selling their mines. Oh how sad for their owners. We are marketing our gold collection not the gold mines.
Our debt can be handled from sales of previously mined gold. Another solid funding possibility is maturing right now that is attractive for working capital and our future. Readers of this FORUM must rest. Doomsday is not in our future. That people with useless money sitting around in lackluster investments who know of the real gold opportunities at the Sixteen to One mine may still be on the sidelines as currencies decline in purchasing power is sad. We (shareholders) are not on the sidelines of the interest in gold. Time will measure the degree of our success as we work towards securing the right funds for the mine. Take a breath. Everyone is having a Tsunami at this moment. Gold is there in our ground, lots of it. We just need to get it. A very competent group of people advises the Sixteen to One.
 By bluejay

02/24/2009  11:05AM

To the board:

Here's a good example of what happens when outstanding debt starts to consume a mining company:


Van Sun/Reuters say Teck to sell Hemlo interest


2009-02-23 08:54 ET - In the News

Also In the News (C-ABX) Barrick Gold Corp


The Vancouver Sun reports in a Reuters dispatch Saturday that Teck Cominco has agreed to sell its 50-per-cent share of the Hemlo gold operations to joint-venture partner Barrick Gold. The unbylined item says the sale is part of a plan to raise cash and pay down debt. Teck will sell its share of the operation -- located in Western Ontario -- for $65-million (U.S.). Barrick, the world's largest gold producer, already owns 50 per cent of Hemlo. Vancouver-based Teck cut costs and began selling assets late last year to pay down billions of debt taken on to finance last year's $13-billion (U.S.) takeover of Fording Canadian Coal Trust. It agreed to sell its Lobo-Marte gold project in Chile in November and has said its other gold assets would be the first (to) be divested.

We need to turn the gold specimen collection into cash and pay off our debt. Does the board not understand that the whole country is in financial crisis and with our debt we classify as being in line for extended financial trouble going forward?

If the continuing delay in liquidating the collection continues, will someone from the board please inform us how that delay works in our favor?
 By Teri

01/18/2009  10:19PM

I don't know if the idea's been tossed around, but has anyone considered contacting the Smithsonian about publishing a story on the collection and its sale?
 By Rick

01/15/2009  9:57AM

Unfortunately one of the most compelling stories to unfold over this century concerning the mine was the politically motivated "assassination" of justice perpetrated by the CDAA and subsequently railroaded through by the courts, all of which "impacted" (a most understated description) the momentum of mining.

I don't advocate or suggest this be the focus for a story in the Economist...maybe they'll discover it here.

Anyway, instead let's do the metal detector angle, and show their impact when initially introduced underground, highlighting the potential that still exists in virgin ground.
 By greenhorn

01/13/2009  9:28AM

Some ideas for an Economist story:

o Historic ties to the gold rush live on in a quaint byway;
o True believers have kept the small operation going even while gold mining has become an industry of massive scale in most places;
o When found, the mine's deposits are so remarkable as to be of fairy-tale quality;
o There's doubtless more to be produced, although it is a classic hit or miss proposition;
o The mine's operators are puzzling over what they can do to attract more capital from investors to continue the search.

As a fellow Economist reader, it seems to me that the magazine will want to make such a piece seem quirky or a bit humorous, but that shouldn't detract from its ability to get the story out.
 By Michael Miller

01/12/2009  2:03PM

Yes to your thoughts that exposure is a vital goal for the mine to get working capital and get back into gold production. Exposure has many forms. First, whom are we trying to reach? You guys figure out eBay, I do not have the background. With the gold collection it includes philanthropists (people serious about historical maintenance, education, art, nature and the preservation of something beautiful, rare and worthy) individuals with disposable wealth, adventurers, visionaries (people who can turn this great collection into a money making, touring display.

The biggest goal is finding people who either recognize or may recognize the tremendous investment gains that will follow the implementation of our working plans, who also have a risk/reward mentality and the currency and guts to check us out. Maybe they are philanthropists or opportunists, greedy or fearful of the expectations of future economic trends; but it makes no difference in the ultimate success of becoming a player with the Sixteen to One mine and company. We will package a program that addresses risk/reward. Our plans are well thought out, practical no matter how the global economy treats gold and realistic in application. There are millions of ounces of gold still deposited in our mines

To this end, I want your input and will explain. At the encouragement of a caring friend, I wrote The Economist magazine for its advertising rates. Wow! Rates are very very expensive and completely out of touch. Why not a story instead? Below are my letter to the west coast editor and her reply. Your request is to write reasons or areas of interest or as she asks, “What do you think the most fascinating story angles are?”

The Economist has 1,400,000 subscribers worldwide with 750,000 in the United States. The angle should appear to its worldwide readers. I have lost confidence in the good old fashion of gut level investment capabilities of Americans. We are so over sold on the dollar that we do not see beyond its predictable slide. Send me an email if you want or post it under this topic.


January 8, 2009
To: A. S. K.

The New York office gave me your email address so I could present a topic of interest for The Economist readers. I am a long time subscriber of The Economist and value it as a top source of objective information. My business for the past thirty years is in the Gold Sector, an investment and business sector that rarely makes your magazine. I actually am a Californian gold miner, president of the oldest US gold mining company and the longest producer of gold in America. Also we are rather small, sometimes called a boutique operation, which I used to think was odd but have learned to embrace its meaning.

I won’t begin to detail why I am positive that your readers will appreciate and find interesting and useful an article in an upcoming Economist. But I would like you to accept an invitation from me to check out this most unusual gold operation.

The mine is about two hours from Sacramento going towards Nevada City, then north towards Downieville. Gold is a topic of interest now because of the financial turmoil and uncertainties associated with all currencies throughout the world. I believe you will find several stories here in Alleghany that your readers will devour with relish. Also many good people will be stepping into gold in the coming months and years and unfortunately many will make tragic financial mistakes that should be avoided.

I would enjoy showing you or your designee this California gold operation and discuss other points of interest in the important Gold Sector of business. My phone number is (530) 287-3223.
Sincerely,
Michael M. Miller


January 12, 2009 (answer)
Dear Michael,

This does indeed sound fun, and I'd like to visit some time. Unfortunately it can't be very soon, because I'm rather backlogged and you seem to be quite out of the way. (Could you give me an address for Google Maps so that I can plot some drive times?)

I'll add you to my planning list.

In the mean time, do you want to email me about 100 words about what you think the most fascinating story angles are?

Connecting gold to the gold rush is certainly always fun.
Regards, A.S.K.
 By oakrockranch

01/09/2009  11:12AM

All good ideas Rick. I am in agreement with keeping a presence on eBay for the mine. at least have something running every other week or so. I was happy about the one sale on eBay and the interest in the specimens in general. I was on the otherhand quite surprised the RM piece didn't sell. That piece felt to me to have a higher perceived value and was unique in its offering of part art and part gold. Also, as for reserves, I too have found that running anything with a reserve tends to scare off bidders. Personally, I would have listed these without any reserve and started the bidding at $1. The trick to eBay is to start a "frenzy" and attract attention to the auction by a high percentage of bidders. A low starting price and no reserve gets everyone in the game thinking they will win the piece for a song. When in reality, when all is said and done, there are usually a couple bidders who will run it up to levels higher than expected. Granted, there is always the risk of the auction "dying" during the last day and the item selling for less, but I'd say 90% of the time I have been pleased with the results.

Listing the whopper is another tactic that could generate great interest in the mine. I'll have to look into the cost of doing it though as eBay charges fairly high fees for expensive listings. I'm all for it though if the cost of parading such a fine example warrants the fees. I can discus this with MM off line. Getting in with the Bonhams folks is another good idea. The whopper would surely steel the show even if it didn't sell. BUt there again, I don't know what their "seller fees" are for taking on such a mammoth item worth over a million.
 By Rick

01/09/2009  10:44AM

It's time to head up a new topic. Ground-swell interest is building for all things gold, and OAu's two recent offerings on eBay is a good start, yet only that. Maximum exposure for interest in the mine requires more than an occasional sale. We've watched the two eBay items this past week, one selling and one not.

I have a new suggestion: listing specimens on eBay should continue, but if there is to be a "reserve" let's instead consider listing them with a starting bid that would be that reserve amount. It shows valuation from the start and eliminates the questions of what the mine figures is the correct scale for specimen gold.

If the point is exposure and not necessarily the sale, then let's go BIG. List something so spectacular and high-end that people look at it for the novelty effect. Put the Whopper up for an outrageous price for that matter....people would talk for sure.

The recent Bonhams and Butterfield auction centered upon spectaular gold-quartz specimens from an old famous private collection of Original Sixteen to One pieces...I knew I'd want reference so I purchased a catalogue (beautiful 250+ page glossy color publication) and received the "prices realized" document after the auction closed. Very enlightening. The cover photo and presumed highlight of the auction was a 35.4 ozt crystalline specimen estimated at $100,000-$120,000; it didn't sell but everyone sure knew about it.

The highlight and surprise sale was item #1293, a 36.7 ozt slickensides piece that although estimated at $60,000-$70,000 did meet a reserve and sold for $52,500.

The point I'm making isn't necessarily the sale price or the estimated prices, but the exposure the whole concept received.

The mine should consider these avenues: (1) keep the eBay interest going, listing items on a weekly basis, perhaps a few with sacrafice "no-reserve-low-starting-bid" (which in my experience usually sell for higher amounts than those with reserves anyway), and then put up a MAXIMUM EXPOSURE item with an outrageous starting bid simply for show...after all, if it sells, the mine would be ahead of the game; (2) enter specimens into the next Bonhams natural history auction with the same objective; (3) remember the objective:

Obtain interest in working capital to go mining for the next generation of spectacular specimens through maximum exposure, while recognizing that the romantic past can and will repeat itself. that
 By Hans Kummerow

01/06/2009  1:10AM

I'm away from my desk for a few days. After I return back home I shall try and find out how gold-quartz slabs could be channelled into the jewelry trade over here in Europe.

Europe has a very positive attitude towards the incoming new President. Under US and California Law - would it be legally possible to mint some sort of gold-silver medal to commemorate the inauguration of the first black US-President on January 20, 2009? Such a medal could probably be marketed above daily metal market prices over here in Europe.

And the media hype around inauguration would create an ideal surrounding to collect orders - payable upon delivery.
 By Michael Miller

01/05/2009  11:49PM

Try going to a chat room where entries are kept chronologically. I lose all sense of continuity. If the Forum grew to 100 or more topics, the task of reading them or participating in a topic is like having a library without an index file, hard to keep reference material friendly. A decision was made to keep about 20 topics active, which is what we are doing. If no one adds to a topic, like the miners prayers, it may go into the misc. file.

We do our best to keep a sense of balance within the entries and rarely edit a writer's entry. Actually the misc. is an interesting file to reread once in a while. The Forum had 30 topics. It looked like more would be coming in. Something had to be done. You will find very few Forums where a new reader can easily access old entries. We are always open to constructive suggestions for improvement. Please remember the stated intent of this Forum. Glad you care enough to write.
 By oakrockranch

01/04/2009  1:16PM

Thanks for your support Bluejay, as well as from other parties. I too think it is the right step to "expose" the company and its assets. Albeit a small one on eBay, with repetition we could be on to something. Even a simple step of directing consumers to origsix.com in the text is a benefit of running these auctions. You never know who may see these and drill deeper to discover what the 16 to 1 has to offer.

A future step would be to prepare some on line banner ads on "gold" sites that would provide a direct link to the 16 to 1. With the addition of a new landing page that explains in layman's terms just what is happening and what opportunities exist for investors.

Bluejay's idea of grading gold specimens is quite sound in theory. I'll contact PCGS to see if they would be interested in such a service. I think having a third party grade each specimen would bring a whole new level of confidence in buying on line. I see so many crappy pieces of arsenopyrite or other "low-grade" examples on eBay that have been cleverly photographed to appear more golden, hoping to attract innocent buyers. If we introduced a solid grading profile that indicated purity, weight, etc we'd be far better than any other specimen merchant, and thus garner the highest prices and repeat customers.
 By bluejay

01/04/2009  12:32PM

I think Rick has hit the nail on the head by using the word, EXPOSURE.

What the company has been lacking is positive exposure and what we have with oakrockranch's efforts aided by his 100% perfect reputation as voted on by eBay users along with his masterful marketing efforts is a great start in improving the company's exposure to some degree.

It's an exciting beginning plus it's also an important step in the right direction.

What we have as shareholders is the ownership of possibly the best high grade gold exploration targets in the world. If we continue to market our potential with our past produced products it may very well help to stir up some interest for some outside investment capital.

I know issuing certificates of authenticity to origin of the offered specimens is a benefit to marketing but how about a grading service putting their stamp of authenticity on the specimens concerning eye appeal and rarity or whatever?

There is an outstanding grading service presently operating in Newport Beach, California by the name PCGS. Originally they were a coin grader and they are currently the most respected one in the industry. I have noticed that they are doing other collectibles lately and wonder if oakrockranch might consider contacting them to see if they have ever thought about grading specimens or would even consider entering the graded specimen field?

Wouldn't it be positive for the company to have their specimens graded by a reputable grading service and eliminate all the unknowns that a prospective might have which might tend to make that person reluctant as a buyer?

PCGS's graded coins have eliminated all the unknowns concerning condition, rarity and authenticity and as a result they are bought and sold usually sight unseen. They trade like stock certificates would on stock exchanges and in the OTC markets.

Maybe Hans might have some ideas on possible ways in marketing our jewelry and specimens in Europe. Ever since Hans has joined in on the forum my spirits concerning the company have been lifted.
 By gfxgold

01/03/2009  11:53PM

I find most 16 to 1 gold specimens by using advanced search and typing, Alleghany California. Not that I'm looking for gold specimens. I look for anything to do with Alleghany.
If you're looking for the best category to list specimens, look at what everybody else is doing and do it, too. Use every possible descriptive word that you can in the title, just in case someone is only searching titles and not the descriptions. I think if someone is serious about finding a good specimen on ebay, they will find it!!!
I see that the same three bidders are after the two specimens that are listed.
Maybe I should list a specimen from the Osceola and see what happens.
 By oakrockranch

01/03/2009  1:44PM

Good points on the listing categories Rick, although every segment does add more cost to the auctions themselves. I'll consider that next time around. The good news is I just looked again this morning, and item #150318914223 has already met reserve. Thanks for watching. :-)
 By Rick

01/03/2009  9:47AM

It took awhile to find the specimens in my normal catagory searches. I usually look under "gold specimen" or "gold quartz" where most listing are found. After using the advanced search method and entering the item number I found them.

I suggest expanding the listing catagories to include both "gold specimen" and "gold quartz" in addition to the current "precious metals." We'd get a much broader and complete base attention.

Excellent photos and presentation!!!! Now let's use all our resources to achieve maximum exposure.
 By oakrockranch

01/02/2009  10:17AM

Just letting you all know, I have posted two auctions of the specimens Michael sent me. They are running live on eBay right now and can be found under the following item numbers: 150318914223 and 150318914539. Get the word out and let's bid up these beauties!
 By bluejay

12/31/2008  11:21AM

Question for the board.

Which of our properties have liens against them, naming the contra parties and the amounts?
 By ztuz

11/14/2008  3:18PM

For the second year My job as a helper was more intense than just Tramming and Mucking. My duties now included drilling and blasting. Since I was skinny my tasks also include exploring old tunnels that we would blast into. Most were full of water. It was eerie walking in a tunnel that no one had been in for a hundred years. There would be candles and empty bottles floating in the water. It was quite exciting.
During the second year I was given the job as a helper to a diamond core driller (Frank Henerson) tending chuck. One vein that stood out was later assayed out to 800 ounces to the ton. I don’t know why but we never pursued it.I was 17 so I was not consulted on that one.
 By ztuz

11/14/2008  3:00PM

Originally I was going to be at the Brown Bear for two weeks with my Father.
When we were packing to go home I said that I would like to stay at the mine for the summer.
We asked the President of the company. If I could stay and he said I was a good worker and that it would not be a problem.
For the first year I was given the job of trammer.My daily job consited of shoveling a ton of ore into the ore cars and then pushing out to the dump. I averaged twenty tons a day. I worked for a year at that job. After a year of observing and helping Paul Contini the Forman I was promoted to Helper. By that time the company had bought a train engine and they hired my Brother to drive it.
It was kind of strange living in Deadwood. Most weekends the other guys that lived there with me would leave and I would be alone. It gave me a lot of time to explore the area. It was really spooky being there alone .

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