November 21, 2017 
 Tuesday 
 
 

Forum
Topic:
Miscellaneous

       

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 By ztuz

10/29/2008  2:24PM

I started working at the Brown Bear mine in 1972.
At 16 years old and a height of 6'5" It was hard work to say the least.
I went to Deadwood origanally for two weeks vacation with my Dad who had bought stock and knew the owner.
 By oakrockranch

10/29/2008  8:50AM

The audience of eBay is world-wide.

As far as pricing goes, I have found the "free market" to be the best method on eBay. Time and time again, I have seen auctions die off because of excessive pricing, whereas an open bidding situation with a low start price stimulates greater interest and thus a higher close. I have had the best success by running "no reserve" auctions on items in the 5-10K range. Considering the high-value of most 16to1 items, there may be a need for a fair reserve price (protecting the asset).

A bit of PR and advertising before any eBay launch would also be helpful to drive traffic to the auctions and create a sense of urgency or call to action.
 By bluejay

10/29/2008  7:43AM

e-Bay marketing is a good approach. I hear over a million people make their living selling here. The big pieces would probably be well received by successful gold writers as well as heads of gold mining companies to be put on display in their lobbies or in their offices.

When items are put on e-Bay the audience is quite extensive.

The most difficult barrier to cross is not pricing these items at Alice in Wonderland levels.
 By oakrockranch

10/28/2008  10:25PM

I'm obviously on board with this. Mike may have some hoops to jump through (but then he's good at that) to settle any contract terms or commitments with Halobird-Kagin first. IMO, the sum of the individual parts is always greater than the whole. I'd be happy to do a "test" sale on eBay just to see where this could go.

Let's hear from others please...
 By Rick

10/28/2008  7:04PM

I'm putting this topic back on top, because we should all chime in regarding this....

Let's go...speak up!
 By Rick

10/26/2008  4:34PM

Sectioning the gold collection may in fact even enhance the value overall, as there are specialists who collect in their area only. Best example: section off and offer only pieces of the sculptures...yes, they are fashioned of extreme highgrade gold-quartz, and may be of special interest, especially as individuals. Nobody's going to crush them. (After all, if one is sold, who wouldn't want to aquire the rest?)

Market places are amazing. Test the market. I think the eBay suggestion is a good one, and not simply because I made it. Put a reserve price on one of the sculptures and see what happens....publicity reigns and generates interest.

Back to sectioning the collection. Competition drives the free market. If in fact there is an entity or two that has their eyes on the entire collection yet have been dragging their feet, sectioning the collection may set off alarm bells...

Mike, let's consider this. Actually, when I think of the Sixteen to One gold collection and where it stands historically, I must admit that I envision the pure aesthetic as-found specimens only, (not to diminish the value of the sculptures, for they stand on their own as collectables)...hence the suggestion that a purest may welcome the collection of specimens only.

Just a thought.
 By Michael Miller

10/23/2008  1:35PM

A major part of my job is to evaluate the corporate assets while seeking the necessary working capital to go mine more gold. The balls I juggle vary. Right now there are different parties with credible interests in investing that have no interest in the gold collection. This is nice, so I have prepared an answer to those who have hundreds of thousands of available dollars but not millions.

Before the Company takes any money it needs pledges totaling $600,000. This is a minimum amount that gives management the assurances that it will succeed in mining more than $600,000 of gold. I am confident of this! It will not build the new shaft nor refine the gold detection process or get us moving in a public marketplace. It will, however, put us back underground and mining gold. How much gold remains to be seen. Therefore,we may not need to go to investors again because the upside potential for major ounces from the places we will be mining is quite great.

Splitting up the gold collection will likely take time. Maybe not and I will explore this avenue.
 By oakrockranch

10/23/2008  11:12AM

I still suggest selling the collection in smaller lots to generate immediate cash and lower debt. Why hold out for one giant sale? If the collection were divided into groups of "like" items (ie: jewelry, carvings, slabs, specimens) they would appeal to the different market sectors, allowing more buyers to surface. To find one buyer (or coordinated group of investors) who wants everything for $3.5 million is IMO a long-shot. And honestly, does it really matter where and to whom this stuff is sold to? I thought the goal was to generate cash and get things moving again. Why not try every option, tap all prospects and exhaust other options. Your thoughts?
 By Michael Miller

10/23/2008  10:03AM

Management is actively seeking sources of working capital. For more information, write me or call.

The Company and Proposal

Original Sixteen to One Mine, Inc (the Company) is a California corporation with thirty million shares authorized and 12,867,250 outstanding. There are 1,642 shareholders. The Company has a history of trading on the Pacific Stock Exchange (now defunct). It files reports to the Securities Exchange Commission and maintains a public market on its web site. Management consists of a board of directors and officers elected annually. Its president, Michael Meister Miller (1983 to present), has been a director since 1977, and is responsible for the day-to-day operation. He has thirty-four years of gold mining and corporate management experience. Former Directors and seasoned professionals maintain an active interest in the affairs of the operation and are called upon for specific situations.

The primary operation is the Sixteen to One mine from which more that 1,200,000 troy ounces of gold have been retrieved since the mine began operation in 1896. The Company began doing business in its present form in 1911 and has operated continuously. It employees fifteen people and operates year round. The Company has a long history of acquiring significant gold properties. Consequently, its assets are recorded well below market price. (See Addendum A for a market analysis.) Its real estate is offered as collateral for the requested money. Recent purchases are the Brown Bear Mine (1994), Plumbago Mine (1999), and Gold Crown Mine (2005). Total gold production from all the Company’s mines exceeds two million ounces (over one billion dollars). As important as this statistic is, the professional opinion that less than twenty percent of the gold bearing vein systems have been utilized is most relevant.

For accounting purposes gold revenues are accrued when the metal has been recovered. For tax purposes revenues are not recognized until the gold is sold. Rare high-grade gold and quartz is sold at a significant premium above the daily “spot” price for bullion. Gold inventory is recorded at the bullion price without an allowance for its proven added value as a precious gemstone or prized specimen. Over the last decade the Company established and retains a world-class gold specimen collection valued at $3.5 million.


The Company is one of the world’s pioneers in electronic gold detection technology. Beginning in 1992 and continuing to the present, it has worked with numerous companies and individuals to improve the sensitivity and depth of detection equipment. With each improvement it has retraced prior areas in the vein system previously mined and found additional gold. The historical results prove that with better technology more gold will be mined. The budget ($250,000) allows for finalizing the detector, conducting programs where signals are identified and massaging a software program for the miners to use on a regular basis. Currently, detection has not exceeded seeing four feet into the quartz. The Company has a realistic expectation that reliable detection from ten to fifteen feet is possible. The Company is a leader in underground gold detection. This new tool will change the face of gold mining in California’s Sierra Nevada goldfields as well as other areas with quartz and gold deposits. The Company will own the equipment.

Much of the mining equipment in use today has been a standby in the small vein underground mines for many years. The drill-blast-muck sequence continues to be the most cost efficient method of mining; however improvements in these areas have increased efficiency for the Company. Because of its use of and knowledge of metal detectors, the Company developed improved ways to process its high-grade gold and mill its low-grade ore. There have been many changes in the gold industry over the last two decades. The Company plans to rejoin the public marketplace at this time by listing its stock. Another relevant fact that has changed over the past decades is the reduction in real gold producing companies. The major companies have been growing through acquisitions and mergers. The choice for investors that are seeking some type of gold position has shrunk, leaving Original Sixteen to One Mine, Inc as an honest choice for joining the current interest in gold.


Financial Summary: The Company files quarterly and annual financial statement with the Securities and Exchange Commission (SEC).
 By Michael Miller

10/07/2008  10:33AM

Mick, you have an historical artifact. It may be worth something to a collector. Yes, Original Sixteen to One mine but not from that corporation. A man from Southern California bought the mine in the mid 1970's and worked it off and on. Our company got several large boxes of documents after the purchase. The Gold Crown has some very interesting targets but the Sixteen to One has the best.
 By mick

10/06/2008  7:10PM

Just came across a Gold Crown Mining Corporation stock certificate.
#133,incorporated in the state of Nevada, dated Oct. 16th,1951.
Transfered to my mother in law on June 8th, 1960.

what is the value today?
Thanks, anr regards to all.
Mic
 By Hans Kummerow

09/29/2008  10:28PM

Thank you Mike.
 By drayegon

09/26/2008  6:30PM

It is going to look like Black Friday all over again. Is the Fed going to make it even worse by the bailout on wallstreet. Biggest problem we have is the supply does not even come close to the demand. Less Gold is being produced and fed into the mainstream. They have stopped selling Gold Buffalo's and Gold Eagle's. They are even now beginning to admit they do not have enough gold to sell it to the public. 73 dray
 By Michael Miller

09/12/2008  9:08AM

Thanks for the responses. It’s a great help and looks like I may meet some interesting people. Now, had an idea last night.

Gold interactive web sites are like preaching to the choir. How about some sites which are hostile to gold, natural resources development, domestic productivity, and display economic or political stupidity? Ignorance is the enemy. Open, honest clear and direct facts evidence and information are the antidotes. I am confident that California’s gold belt as well as America’s other industrial minerals can be environmentally extracted with a 21st century mentality. It will make the United States a stronger global player.
 By RScrivner

09/11/2008  6:48PM

Hi Michael,

I just sent you an email reply to help.

Reid
 By Michael Miller

09/10/2008  12:45PM

Gold will likely remain a item where investors and speculators can increase their wealth for four or five more years before it settles back to its traditional stability or they may see their wealth bleed away. Profit is most likely when volatility is in the air, as it is right now. Americans have a very poor understanding of the Gold Sector. This is true and unfortunate, as many will get caught up at the wrong times to buy, sell or use the stock market to make profits. Ignorance is the enemy and knowledge the friend BUT where do we go for our knowledge?

This topic is called HELP because I need your help, very specific help. Within my circle of business friends a powerful amount of knowledge about the Gold Sector exists. Many of us have been in gold at the beginning of the twentieth century gold rush, which began in 1974. We can challenge questionable opinions and talk about gold in ways that cross many facets, important facets to get an historical perspective, a current description and within reason modest speculation about the future. At the least we can offer others some things to look for and evaluate before risking their money.

So here is my request for HELP: develop a list of gold related web sites. I want to participate in web site that discuss gold. If the sites are all hype and no substance, they need to be challenged. If they are serious, I believe we have something to broaden the discussion. If you can identify some sites (good or bad) let me know at this topic or send me a direct e-mail at mmiller@origsix.com
 By colby

07/15/2008  11:50AM

one place I used to pan was up the river below helltown, ca (with permission)
 By mesher5

07/14/2008  11:18AM

Thank you gfxgold for your reply. I will look at those websites to see where it takes me. Steve
 By gfxgold

07/13/2008  9:43AM

There are many websites that deal with open areas for panning in California. A couple sites to get you started are: http://miningold.com/states/ca.html
and http://www.goldfeverprospecting.com/cagolopapr.html
With all of the fires in California this year, it may limit where you might want to go. As for the smoke, some days are better than others, depending which way the wind blows. If you do find someone who is willing to let you go on there claim, a percentage of the gold found is the usual payment. That could be anywhere from 10% to 30% on the average (get the agreement in writing). Of course, a lot of times, if you are only panning for a day or two, someone might let you pan for nothing. If you see someone dredging, there's a good chance that they own the claim. It's always best, if someone is willing to let you pan, to ask them how much of a percentage do they want, up front.
Happy Gold Hunting.
 By mesher5

07/12/2008  3:03PM

Could any one point me in the right direction? I am traveling to the area from the UK for a vacation with my children of 7 and 5. We would like to go prospecting. Does any one have a claim or know of an area we could camp and prospect. Willing to pay a fee for the use. Thank you. Steve@stevemurray1.com

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© 2017 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

Phone:   
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E-mail:
 
(530) 287-3223      
(530) 287-3455
corp@origsix.com
 

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