March 29, 2020 
 Sunday 
 
 

Forum
Topic:
Miscellaneous

       

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52 ]

 By Michael Miller

02/05/2008  6:48PM

The year-end financial draft in completed and awaits review by company accountants and the directors. Once accomplished, the company will file the financial information with the Securities Exchange Commission (SEC) via the electronic process commonly called EDGAR. These filings occur four times a year. The company has had timely filings since 1989 or seventeen years or seventy-one filings without being delinquent. They are called 10-Qs (quarterly) or 10-KSBs (annual) and are available on either the SEC web site or go to our web site. The annual report is sent to all shareholders of record each year.

For the year 2007, gross revenue was $831,558.65. Year-end evaluation for the increase revenue from the increase in the spot gold price accounted for $$66.941.61. The balance of $764,617.04 was from gold sales of jewelry, specimens and the rareness of gemstones, the famous Sixteen to One quartz with gold.

Gold production during the year 2007 was the skimpiest in the company’s long history of mining. You are able to follow the frustrations of the company by reviewing the messages written by Scoop under Clips from Alleghany in the FORUM. Gold production was a pitiful 88.26 ounces. It still seems unbelievable. I do not know the average spot price for gold but will use $700 an ounce, which amounts to $61,820 of revenue from new mine production. Pitiful!

If you wonder where the other $702,835.04 in revenue came from, it was from inventory. Are you still with me on the math? Okay then, the next piece of information required to analyze the company’s financials will be some inventory data.

Beginning inventory for 2007 was 1,025.95 ounces of fine gold (fau). Ending inventory for 2007 was 739.28 fau. The inventory was depleted by the difference or 286.67 ounces. Using the estimated spot bullion price of $700 an ounce, it amounts to $200,669. When this figure is deducted from the $702,835.04, the remainder is $502,166.04. Now you have some solid data. Can you figure the how this happened?

The diamond market does not come close to the excitement and profit of mining the Sixteen to One. Bluejay, I do not know the various grades of diamonds, but they are very subjective and easily mistaken. The Sixteen to One raw quartz has ten grades. All have a different price. Once a jeweler puts his mark on the gemstone, the price (grade) escalates accordingly. While there are similarities between diamonds and gold, gold stands alone in liquidity, safety and storage. The Sixteen to One quartz and gold deposit stands alone against all other producing mines be them diamonds or gold.

When an entrepreneur or gambler or speculator steps up with some money, we will find lots more. In the last decade the greatest annual production was 5,869.92 ounces fau. If you have figured out how much money we make from the Sixteen to One gold deposit, you should be a player in the next game of mining this most unusual and special mine.
 By bluejay

02/04/2008  4:22PM

Today, Rockwell Diamonds(TSXV:RDI) reported diamond sales completed on January 29, 2008 for the previous year's December diamond production from their South African properties.

The company stated the completed sale involved 1,863.53 carats averaging $2,316 for each carat. Two stones, including a white 25 carat diamond sold for $19,000 per carat.

Then the idea came, how nice it would be for our shareholders to be advised of our monthly sales. Why not?

I hear from the Forum that gold production is sparce. I also know that we have financial obligations of current expenses plus monthly debt payments. Although there is a dore bar sold here and there, the bulk of our gross sales must be coming from gold and quartz slab.

If mine production is slow or nonexistent, is our gold specimen collection going to the saw? If so, what pieces have been sliced up and what pieces remain?

It would also be nice to know how much the grades are fetching these days? Unlike diamond sales which have many grades, our slab doesn't have that many clases.

The board should direct that shareholders be given a closer look at what is happening with our gold sales and our gold inventory.

If other shareholders of other companies are receiving detailed accounting of their product sales and inventory, then why can't we?
 By Crush

01/17/2008  8:59PM

Now, if thers no stain on it like rust and it ways a bunch an comes from a good place like this mine OAu yuor rich.
 By Michael Miller

01/17/2008  12:04PM

The consensus is your rock shows several metallic sulfides, primarily pyrite. While a trace of gold may be associated with the sulfides, it has little value. Oxidation is obvious and gold does not oxidize. So, when you see a rust color or rainbow colors, oxidation has taken place.

Four of us looked at your pictures and agree. Fortunately the company geologist is in Alleghany and was one of the four. Now, we could be wrong. It may look different in person. An option for you is to break off a small representative piece and send it for assay.

Thanks for trusting our judgment and visiting our web site.
 By hardhead

01/16/2008  6:23PM

hi and thanks for the reply. first of all I would like to pay off a bill or 2 gold mining isnt the only thing thats been slow . and I dont really need the rockbut I got it and if I can benefit from it good.also I will consider your valuation but I will not give it away since it is likely to be the only one I find. I dont need a expensive education . will send lics thanks larry
 By Michael Miller

01/15/2008  10:17PM

It was a low year for gold production, so you can sell your 10 pound rock to me.

Why are you selling it and what are the reasons you want to sell it now?

Do you want me to set the price? and will you accept my valuation? It's cash and carry to strangers. Send the picture to the corp@origsix.com

One picture will never determine the value of a quartz with gold.
 By hardhead

01/15/2008  7:59PM

Hi I am new to the forum but have been interested in gold and a compulsive hunter for a while . I was wondering how to determine what a quartz rock with gold in it is worth and where to sell it with out getting an expensive education. any help would be appreciated . the rock weighs more than 10 pounds I can send pics if it helps . thanks again.
 By martin newkom

01/12/2008  7:47AM

I wish Mr. Sorlein could have
known my uncle, William Forman
who was a well-known mining
attorney both in Nevada and
Nation-wide and was the Chair
of the mining and metals di-
vision of the American Bar Assoc. He was raised in To-
napah, NV; went to Hastings,
not Harvard but was a super
lawyer in his field. Both he
and Mr. Sorlein were very
gifted and lucky and missed.
 By HardRock Aristrocrat

01/11/2008  10:17PM

I stood there whiff of powder smoke the wonder of its smell.
The open stope above me the broken muck below me fell.
I kicked away the quartz
I watched a boulder fall.
I shoveled away my youth
it was my life all in all.
I moved away a mountain
one shovel at a time.
I threw away my youth
my hell was my sublime
I wondered in the muckpile
as I scraped and picked the face.
How others could endure
to live such a boring race.
Those who lived in town
in their "normal" life they lose.
They never make a miner and are only good for selling shoes.
They will never see the hand of God Never seen the plea.
With every round that I took
His work was given me.
I bow to the Master the maker of the earth.
His servants called the miner
they truly know His worth.
The gold is for the seeking
where the vein matrix runs
Powder smoke in heaven
like ounces by the tons
 By Michael Miller

01/11/2008  11:04AM

Many of you may remember Dick Sorlien. I encourage you to go to our web site under Company, past directors and read his resume. When the power came on last night we found an e-mail from his wife, Becky, sent January 7 that Dick died that morning. She wrote, “Dick enjoyed so much his association with both of you and the Sixteen to One board and crew, so thank you for being a special part of his life.” Following is my response. Dick was one of my mentors. Here was a double Harvard grad, a Philadelphia lawyer and a very important businessman, who took an active interest in our gold mine, our company, our community and me. Words will not express his loss. He would drive us crazy at times with the way he worked out issues or problems, kind of a delving into the what ifs of the situation. He was a thorough man with the highest ideals and ethics. He was a rare individual amongst lawyers, more of a throwback to the American lawyers who signed our constitution in 1787. If any of you have a story to share about Dick, please do so for me and the rest of us who hold him dear in our hearts.

January 11, 2008

Dear Becky,

Cai (Dick’s nephew) told me several months ago of Dick 's condition. We talked about how much Dick influenced our lives and what a joy to have him in our lives. I have many memories that are not only in my head but continue to affect the way I live. In other words, Dick is still with me and always will. I have said this before. Other than my father, Dick has been the greatest male influence in my business persona. He taught me so much. His thoughtfulness gave and gives me courage to persevere when times are rough. I know his interactions with me were consistent with the way he conducted his professional life and led his demanding business life.

I also had several occasions to be with Dick during non-business times. One lasting memory was when the two of us traveled to Arizona. He wanted to see everything, didn't want to miss a beat. We drove by some museum or interesting place on the way to our destination. After passing by this interesting place he said, "Wait, stop the car. Let's go back and look at this." I was taken back because we had to see one of his friends and time was against us. Dick probably caught my concern and said, "We may never pass this way again so let's go have a look." I think that says a lot about one way to pass through life. Everyone is busy but there are times when what is before you at that moment becomes preeminent. Dick reinforced that for me. I don't remember what we wet back to see but I do remember Dick's expression as he quickly mulled over the pros and cons of taking time away from one important thing and giving it to another. I am sure this became routine in his legal practice and could be one explanation about his deep love for gold mining.

I remember one time we packed thousands of ounces of gold out of the mine during the time the directors were meeting. Everyone was excited, especially Dick. It did not represent money to him but something much more. I could see it in his eyes and the way he held and looked at the quartz and gold. To remember these past events brings tears to my eyes as I write,

We were twenty years and a day apart in age. Until a couple of years ago I never gave a thought that Dick would not be here to counsel with. His advice was from his heart and tempered with his brilliant mind. He deserved that mining highest award, the gold hard hat, we had so much fun giving him.

There is nothing I can tell you about Dick that you don't know. You made him so happy. He bounced with joy around you. I wish I could be there next Monday to see you, his family and friends and be a small part of those who knew, worked and played with him.
My love and well wishes are with you.
Michael
 By martin newkom

11/23/2007  9:19AM

The "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.
 By martin newkom

10/11/2007  8:51AM

I was recently told by a clamper that the reason the
chinese remains were exhumed
and sent back to china was that
their bodies were considered by
them and others to be owned
by the emperor in china (but
their spirits stayed?)
 By martin newkom

10/10/2007  8:09AM

The Tightner house was built
by a Mr. Locey who was related
to the wife of John Armstrong
who was my Granpa's brother
and partner in Armstrong Bros
in town.
 By Rae Bell

10/09/2007  2:28PM

With it being October and all I was hoping some people would come forward with some ghost stories.

As kids in Alleghany we were all convinced that the Tightner Mansion was haunted. It had been vacant for many years. We all heard the piano playing one night and ran home as fast as we could.

Then there was the boot ghost. A certain resident in town whose name I will not mention would put his boots side by side each night when he went to bed. Every morning one boot would be moved so that it was perpendicular to the other one. This lasted for about a year then ceased.
 By Rick

10/08/2007  8:23PM

This is a bit out of character for the recent climate of debate, but of serious consequence:

Next year's election's outcome may spell out a prescription for behavior if we're not vigillant...We don't need that.

We don't need a facist directive to dictate what we wish to achieve in the private sector. (Hmmm, who does everyone think I'm pointing to?)

It's this blatant: whether there becomes a mandatory set of rules of behavior or not...whether freedom rings, or just goes "thud" when we try to ring the bell.

Let's all beware. Watch Out! Freedom is at stake, when a complete faction of the population is identified as being stupid and dumb enough to buy into it, it's prudent to stand up and talk, write, or scream.

If I need to spell out the rational for my entry tonight, I am well prepared to explain when anyone asks.

I'm preaching to the choir.
 By audiger

10/04/2007  3:18PM

Bullion is gold, silver or platinum in a smelted or refined state in the shape of bars, ingots or buttons etc. prior to coinage. Refined fine bullion is generaly used to create coins. Once coined it is called a bullion coin.
 By martin newkom

09/28/2007  2:44PM

My aunt also told me about the
chinese cemetery near town. The
last time she was there she
asked about and no one could
recall where it was located.
A Clamper friend of mine told
me that it was a Chinese custom
that the bodies were buried
here and later exhumed and
shipped to China, so maybe thereare no more chinese buried
in Alleghany, but maybe their
spirits are still around, no?
 By Rae Bell

09/28/2007  7:52AM

There's nothing to be scared of. People love ghost stories! Actually it was the heater kicking on that kept my friends awake.
I've never heard of a ghost doing physical harm to anybody. I have a theory that people who come here for the first time are more sensitive to paranormal activity than those of us who have lived here for a long time. Then there are the Tommyknockers.....plenty of ghost stories from underground. I once felt a very definitive "tap tap" on my right shoulder underground but nobody was there.
 By Rick

09/27/2007  10:02PM

Is anyone in Alleghany missing a long red plastic scooper spoon? One turned up unannounced in my utility drawrer after a trip up the ridge last spring. None of my neighbors nor I had ever seen it before. I put it on top of my refrigerator and it hasn't moved lately.
 By northernlinebuilders

09/27/2007  9:38PM

Well first i want to say thanks for the info, keep it coming...Rae Bell from my reseach you are the curator at the museum and you might know what's really going on... I've learned a lot from the museum web site, but can't find any thing else about ghost's/hauntings. Martin Newkon let me know if ther is any thing eles to the story or where to find more info. gfxgold I found this site through your site and I signed your guest book. I also read the story about the friend of yours that went to the Morning Glory Mine&Mill. The crew has only been in the house for 2 weeks and they have at least 8 more weeks, and after that I will be able to give you a better story. I was going to go stay a night or two with my husband but I don't think I will(scared) of the house.

Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52 ]

 

  
 
© 2020 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

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

      Gold Sales:  


(530) 287-3540

goldsales@origsix.com
 



Design & development by
L. Kenez