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



	September 2, 2010 Thursday

Forum
Topic:
Miscellaneous

By cw3343
11/17/2009 4:21PM

I also heard a story sort of like this a while back. It was along the lines of people finding gold during the time Oroville Dam was built. I could be wrong, but I think they were finding it in the lake bed, and also in teh piles of removed dirt. Fascinating stuff.

Also makes one wonder if they could do any good with a metal detector, now that the lake level is very low...

By hbsco
11/16/2009 4:30AM

interesting but true story:

My grandfather, a civil engineer, was one of the contractors that won the Oroville dam contract (at the time, the largest earthen dam in the world). He was also involved in the bidding of contracts and won many interesting contracts worldwide. There are a number of interesting facts connected to the building of the dam, but the one I'll mention now was one he experienced first hand as one of the top engineers on the site. There was a guy who had been hired to haul dirt from the quarry site to the dam site. Not an exciting job by any means. The company was impressed with his work and several times wanted to promote him to a foreman type position but instead he kept turning it down. Finally the company got smart and found out why he kept turning down opportunity. As part of his normal job he was required to ensure he got a full load of dirt with each haul, so after dumping a load of dirt it was common to wash down the part of the truck carrying the dirt. Well my grandfather found out that in the hosing down of the dirt, that often gold nuggets, etc were found in the bottom of the truck.

I never heard what happened after that, but I do know my grandfather was well liked by everyone.

By martin newkom
11/15/2009 2:53PM

I read where the gov't of India
has bought 200 metric tons of
gold boullion from the Intn'l
Monetary Fund.
Also, There is a well known
Sacramento contractor namely
A. Tiechert who now is meeting
payroll for the entire firm
because of the high gold value
and from the gold they are
mining from their rock quarry
east of Sacramento and south of
US 50.

By bluejay
11/14/2009 10:27AM

An interesting fact that is surprising:

Although Idaho produces little gold, the United States Bureau of Mines says that Idaho has more mineable gold than any other state. In recent years, as the price of gold has risen, many old mines have been reopened and the value of gold produced in Idaho has grown steadily.

By bluejay
11/02/2009 9:23PM

Sorry, the below article was not yet finished.

Repeating and correcting:

http://www.centurymining.com/news/pdf/10142009-1.pdf

In case you aren't familiar with "flow through share financing" the following pretty much sums it up according to the Toronto Stock Exchange. Can you imagine this, California offering tax incentives to kick start this industry and keeping it alive and running well?

Ontario Focused Flow-Through Share Tax Credit
Download PDF Information Bulletin 6315, November 2006

This publication is provided as a guide only. It is not intended as a substitute for the Income Tax Act (Ontario) and Regulations.

Purpose
The Ontario Focused Flow-Through Share (OFFTS) Tax Credit is intended to stimulate mineral exploration in Ontario and to improve access to capital for small mining exploration companies.

Definition of flow through shares
Flow-through shares are an expense for shares transaction governed by an agreement between the issuing company and the investor, as defined in subsection 66(15) of the federal Income Tax Act (ITA).

The OFFTS tax credit
The Ontario Focused Flow-Through Share Tax Credit:

provides eligible individual shareholders with a refundable tax credit of five per cent of eligible Ontario expenses
harmonizes with the federal government's existing 100 per cent bonus deduction, and its 15 per cent investment tax credit created in October, 2000
applies rules and structure similar to the federal flow-through share (FTS) Canadian Exploration Expenses (CEE) program (some changes to federal definitions have been made).
Individuals who qualify for the federal tax credit, and who purchased shares from a mining exploration company after October 17, 2000, will be able to claim the Ontario tax credit.

Corporations, and corporate partners, cannot claim the OFFTS tax credit.

By bluejay
11/02/2009 9:11PM

I've been reading in the past few months that there are quite a few exploration company financings taking place concerning Canadian companies. Most of these financings have been done through private placements, mainly, with the minority being public placements involving brokerage companies acting as the underwriters.

Without any discussion concerning why private versus public placements, both are encouraged by the local provincial governments to stimulate their economies in keeping them financially healthy. Prospective investors get a tax credit for investing in exploration companies assuming they file their annual earning with that local Province. i.e. Quebec and Ontario etc.

The following is a recent news release from a company that collected over $C5 million for their exploration and start-up expenses concering the extraction of gold.

http://www.centurymining

By bluejay
10/29/2009 7:21PM

I think that's a step in the right direction. Count me in.

By jtaingoldcountry
10/29/2009 1:27PM

It's short notice but there's a big resource / exploration investment conference coming up in Montreal in November, and it's focused heavily on mining and precious metals. There will be numerous speakers and specialists, booths with over 45 publicly traded mining companies, and a bunch of investors (more info at http://cambridgehouse.ca/index.php/montreal-investment-conference.html). If there's a way MMM or someone can attend with to work the floor there, that could be a chance to locate an investor...or at least some real leads. Those kind of guys will be there, and will know others. Maybe make up a bunch of presentation folders with Executive Summary, Use of Proceeds, etc. to pass out. Talk to other companies and other players. I've also got some rough marketing material I could provide. I'd be willing to chip in maybe $50 if necessary if Michael or someone appropriate could make it for this purpose. If 20 or more shareholders could do this maybe it could cover most of the expenses of getting there and staying a couple nights? 16 To 1 is a real win-win for the company and the investors if we can find a right match. It's a good opportunity to dialogue with many people who might just recognize what an opportunity the company is.

By Rick
10/27/2009 6:16PM

I implore the current Atourney General of the State of California, before you run for the next Governor of the State of California again, to please address this blatant aggregious disregard of Constitutional Law: investigate CDAA vs. Original Sixteen to One Mine.

By bluejay
10/16/2009 10:47PM

All lcoal economies these days seem to be suffering and I would guess that Grass Valley isn't any different. For years the owners of the Idaho-Maryland Gold Mine have been attempting to get the mine back into operation. Although everyone will agree that environmental considerations are important, the State regulators it seems are not making it easy for owners to get the mine up and running again. If the mine were operating today there would be from 200 to 400 new jobs for residents of Grass Valley and the surrounding areas.

California has so much potential to add jobs to its shrinking job market if only regulators would only get real and take a look, if that's possible, at what could make things a little better.

In the years ahead gold will be benefiting local economies around the world as it continues to advance in price while the economics and governments that support mining companies for its extraction contribute to them. Mining could be creating all types of jobs with the mine workers plowing their paychecks back into local economies and supplying badly needed revenues for local governments.

The kind of personal turmoil that is caused by eroding wealth and income casts heavily upon us all along with the knowledge that the State gets deeper into the red and may never be able to balance their books again without the beginnings of some major type of creative reform that attempts to halt this vicious countertrend.

Our current mess is being orchestrated by political and business clubs for themselves and their friends at the expense of our future. A Russian philosopher has his own thoughts concerning our dismal state of affairs. Mr. Igor Panarin is predicting a complete disaster for our country. Not only will life change forever but the country will fragment into pieces. The Wall Street Journal even considered Mr Panarin's reflections noteworthy and printed them on its front page.

Basically, the following quotation sums up Mr. Panarin's forecast:

"Panarin's disintegration divination comes complete with a map. In it, Alaska goes to Russia. Hawaii goes to Japan or China. "The California Republic" — the West from Utah and Arizona to the Pacific — goes to China. "The Texas Republic" — the South from New Mexico to Florida — goes to Mexico. "Atlantic America" — the Northeast from Tennessee and South Carolina up to Maine — joins the European Union. And "The Central North-American Republic" — the Plains from Ohio to Montana — goes to Canada."

Our past excesses along with all the accumulated debt from them brings us to this place in time where we may have gone past the point of no return.

When circumstances dictate the need for change, political organizations bury their heads in the sand and tax wealth. If this isn't half-ass backwards I don't know what is. Instead of acting foolish by assessing an indirect tax on a proud Californian gold producer of profits and jobs for the economy and revenues for the State, the Water Board needs seriously to get another kind of religion.

A complimentary start for the Water Board and other State agencies would be to listen with an open mind at the needs of envionmentally friendly miners, not to curse them with name calling, taxing and legal actions.

California was admitted as the 31st state in 1850 as a result of the discovery of gold at Sutter's Mill in 1849 and the significant placer amounts that were found that year and the following one.

The State's newly found wealth quickly brought it the new title of the "Golden State." One wonders what will become of the State if the millions and millions of ounces of gold continue to be held hostage in the ground by an inflexible rules book and the power crazed unelected public officials who hear and see no good from some of the hardest workers in the State, the Alleghany miners.

The political appointees and the elected ones need to accept that California's past and its future will, under hell and high water, always and forever be supported by the gold mining industry. In California there are 13,470 historic gold mines and prospects(the data is from the California Geological Survey and Office of Mine Reclamation in 2002). Someone must have thought gold mining was a good business and the government agreed with them. Sure, some operators abused the environment but that was yesterday when we were dealing with wars and the population was smaller. Now because of the past lack of respect for Mother Nature we really need to be self responsive and viligilant and yes, offenders need to be dealth with in an effective manner that corrects REAL threatening problems.

Gold is widely dispersed throughout California with it being more concentrated in the Sierra Nevada's, the Klamath Mountains and in the Mojave Desert. We haven't even heard yet of the big name mines yet to be in California's mining future because of the fact that California is still known around the world as being "mining unfriendly" because of excessive and abusive regulations.

An unfortunate aspect of the State regulatory process for folks in their potential cross-hairs is the regulator's carte blanche for excessive regulating and their being issued a big cop citation books. Who knows what really goes on behind the curtain?

What happens in Grass Valley to their economy is certainly not being supported in any swift manner relating to employing miners and support crews in starting up the Idaho-Maryland Mine by the State. In early 1996 locals got very excited concerning the reactivacation of the Idaho-Maryland as they drove up the price of the interested company's stock to about $7.50. Lately, the shares have remained in complete dormancy around the 5 1/2 cent level awaiting State guideline approvals. That's a time period of over 13 years while the Idaho-Maryland still awaits the workers and the local economy continues to shutter more as a result of the continuing excremental implosion brought about by both State and Federal regulators.

Their mantra seems to be, "Too Big to Fail, Too Small To Succeed."

By Rick
10/16/2009 5:35PM

FYI, Scoop's message cracks a smile and a frown because it is sadly true...the EPA and the CRWQCB and the rest of the effers are looking for random symptoms to blame and fund their existence, end up logging data with hystorical (note the pun) and discard the hitorical significance from a century removed (check your history records) and then scratch their collective heads, angling for a new now-time blame game funding angle.

Scoop's reference to the price of mercury relates to the monetary waste involved in any modern-day environmental study...spending millions looking for demons and failing to look in the mirror.

By SCOOP
10/15/2009 10:59AM

To minierbear. it's not a simple answer. Wiki answers with quotes at 36 cents a gram. 31.1 grams per ounce x 16 = 497.6 grams per pound or $179.13. A flask is 76 pounds and ranges between $500 and $600. Purity makes a price difference. The EPA spends $1 million or more for an ounce (in Grass Valley CA) and other places.

By minierbear
10/14/2009 10:35PM

what is a pound of liquid mercury cost ?.

By bluejay
10/01/2009 7:37PM

Our gold specimens for sale

I visited http://www.jsmineset.com tonight and saw a picture of Jim Sinclair showing some of his physical gold.

I did see a gold specimen that wasn't that too eye-appealing that appears to have come from the Red Lake Mine at Red Lake, Ontario. It might be a good idea to send him one of our gold brochures so in his next photo-op he can display some impressive 16 to 1 gold which is certainly more impressive.

Also, send some brochures to the managers of some of gold investment funds.

By 4familyfun
09/21/2009 7:07PM

Thank you Mr. Miller, and I do understand, its a shame things have to be so difficult. The rewards of all those little faces would sure be wonderful though. Thanks for the advice and your time.
Mom with 2 boys

By Michael Miller
09/21/2009 12:57PM

Dear Mother with two Boys,

Last week on the North Fork of the Yuba River, two men found some beautiful gold placer nuggets. I saw them at the Sierra Gold store in Downieville. They were nuggets, not flakes. They were striking in color and shape. The young fellow said the nuggets came from sluicing and panning. The find was impressive.

They dug under a large rock, using shovels and buckets. The river is low so they spent some time testing areas the looked promising. (Get your kids some good gold books or equipment at Sierra Gold in Downieville or other convenient locations, so your boys can use the experiences of successful gold finders in their mining.)

Your request of the Sixteen to One is one we hear frequently. What the other writer was saying to your request is that this company has responsibilities to its owners, and in today’s litigious society the rewards are not worth the risks of a lawsuit. Also the property is very large and the dangers are many.

You must not be discouraged to give your boys a “gold experience”. In the past our Company geologist has volunteered to prepare boy scouts for a geology or mining badge at the Sixteen to One mine. There are a few really exciting experiences that are free and available to almost everyone. Finding a nugget of California gold is one of those. Happy hunting. Remember: gold is where you find it and most of the gold in California has not been found.

By 4familyfun
09/18/2009 8:51PM

Not a huge corporation, just a mother with two boys, wondering why nobody want to help keep the love for this alive. You would think that you would profit off of something like this.

By martin newkom
09/18/2009 2:20PM

I would suggest to the party
who wishes to work the 16-1
tailings that he should consider buying out all the
other stockholders then that
party can rework tailings to
that one's heart's content,
orhterwise it will be the 16's
option to rework or not rework.

By 4familyfun
09/15/2009 10:38PM

I live here somewhat locally, and my family loves to prospect. Not having a whole lot of experience at prospecting though, its hard to know where to go that is safe, and that welcomes you. I have seen many pay and pan advertisements in other states that people really seem to enjoy. I know would love to work the tailings of your mine, and i'm willing to bet the gold i havent found yet (and that is quite a bit) that a lot of others would too. So I'm asking would you please, please, please consider it.

By chuck2251
09/10/2009 6:58PM

However, you may not be aware that suction dredge mining is currently regulated with respect to endangered and threatened species, with seasonal and size restrictions that prevent harm to these species. Suction dredge mining has been subjected to many studies that indicate this activity not only is de minimis to fish and their habitat under current regulations, but this is the only activity that occurs in our state waters that provides mitigation.1

Suction dredge mining creates dissolved oxygen and breaks up compacted gravels, creating the spawning areas, holes and cooler waters necessary for a healthy fish population. The DFG spends millions of dollars to create this same scenario for spawning fish.2

Suction dredge mining removes harmful lead, mercury and man-made debris from our waters. Washington has set up a program, in cooperation with suction dredge miners, to collect harmful metals and debris. Over a 12-month period the Washington Department of Ecology took possession of over 150 lbs. of mercury that had been recovered by suction dredge miners.3

California Mining Journal, Inc.
dba ICMJ’s Prospecting and Mining Journal
cc Honorable California Legislators
1 Effects of Small-Scale Gold Dredging on Arsenic, Copper, Lead, and Zinc Concentrations in the Similkameen River, Washington State Dept. of Ecology, March 2005, Publication No. 05-03-007.
Impact of suction dredging on water quality, benthic habitat, and biota in the Fortymile River, Resurrection Creek, and Chatanika

River, Alaska, US Environmental Protection Agency, June 1999.

2 Evaluating the Success of Spawning Habitat Enhancement on the Merced River, Robinson Reach, California Department of Fish and Game, 2002.

3 Miners Clean Washington Rivers and Streams, ICMJ’s Prospecting and Mining Journal, May 2007.

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Phone:
Fax:
E-mail:

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

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(530) 287-3540
goldsales@origsix.com

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