August 18, 2022 

How to Approach Thin Veins & Cost


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 By Rick

07/28/2010  7:00PM

Dave, I will. Yup, I agree. (I't not bragging when it's true.)

Perhaps you, and all of us can send this page around to those not in the know.
 By Dave I.

07/27/2010  3:50PM


That is the best I have seen written as to the need for a responsible environmentalist to our nation. Please write the Washington Post this statement, It is honorable and to the point to who we are.
 By martin newkom

07/27/2010  3:37PM

It really is lousy that the
closing of the Pacific Exchange
caused the company problems with
the creation of the "other" mar-
ket. One of these days Mike, our
President will find a solution.
He is pretty clever!!
 By Rick

07/26/2010  8:18PM

I'm an environmentalist...yet evidently not "officialy" because I'm also a conservative with a rational mind...


I keep my personal environment clean at home the best I can; I don't litter, in fact I pick it up, the stuff left by others; I'm not in favor of dirty air or water, in fact I actually prefer clean air and clean water (contrary to those who melt my conservatism into my love for life and somehow think I like dirty air and dirty water); I love animals, all of them; there isn't a toxic waste-site that I wish wouldn't have happened; and I can go on and on and on.....

..and yet, I am labeled (not on this forum but in general) as "hating the environment" because I am a conservative.


This is classic. A classic version of "When did you start hating your kids" kind of box that opportunists with crappy motives stick us in, when they think they can get away with people not paying attention to the truth.

I actually don't know any anti-environmentalists...except, wait....Hmmm....

Yes I do! The environment of rational thought is under assault! The environment of freedom is under assault; the environment of private sector autonomy is under assault. And yes, the environment of pristine waters of Kanaka creek was breeched by an intrusive magmatic vein of quartz laden with sulfides (ahem...arsenopyrite) during the last volcanic activity up there where Allegany town arrived with the discovery of gold along the way.

That darned environment! Prosecute the environment, NOW!!!

What a farce and blasphemy on reality, when labels are assigned and misappropriated with politcal deeds in mind.

After all, we are all environmentalists. We sleep in the bed we make.

Yet, I, for one, will never rest when a government tries to define my environment. This smacks of why our country won our independence, and why our Constitution was written.
 By Michael Miller

07/17/2010  10:48AM

Here we go again with disbelief about how OSTO shares sell in regulated public marketplaces!

An existing shareholder wrote this week that his standing order to buy OSTO stock was filled at $0.15 a share (3800 shares) with Ameritrade. His pal called to report that he bought shares at $0.25 with Schwab. Other shareholders have standing buy orders with brokers at higher prices. The last actual trade our company handled for a seller and buyer went off at $0.60. In this case, as always, the seller sent his share certificate to Alleghany and the buyer sent her money. After the transfer agent got all the information, it sent new certified stock certificates to each party. It is like getting a deed to the property you just bought. That is what a stock certificate represents…ownership.

I called the lucky buyer. He is elated to get such a bargain. He had forgotten his standing order and was surprised to learn about his new addition. I encouraged him to order out his shares, which he said he would do. I asked him to tell his friend to do the same and let me know when the transfer is completed. If you are unaware of the trend in stock ownership, it is to eliminate stock certificates for all companies and just have a data entry to prove ones ownership. The movement is on a fast track.

I hope to hear from the buyers when they get the certificates. I will then go to our independent transfer agent to identify the seller. It will be thrilling to tell the seller that his broker screwed him out of $1,710. His $570 check could have been $2,280.

Why does the stock brokering industry and public companies lead this movement to eliminate stock certificates? Stock certificates have a tradition of artistic beauty and value. Many people collect them. Years ago some shareholders joked with me that everyone needs a worthless stock certificate hanging in their office or playroom.

Stock certificates mean a lot more to the financial industry and individuals than an barbaric paper trail. Stock certificates lessen fraudulent manipulation or manipulation that may not be illegal but not disclosed. Have any readers ordered an Original Sixteen to One Mine certificates and struggled to get results?

I also personally sign each certificate. So does the corporate secretary. The Wall Street Journal could do its readers a real service to do an in-depth analysis of this issue. Will our stock investments be more secure when all certificates are a thing of the past, an old relic of yesteryear? I think not. How about you?
 By bluejay

11/11/2009  7:06PM

Last on gold is $1120.30, another push into all-time high record territory.

Hoping to remove the cheap spam with an intelligent thought process from one of the masters of Wall Street.

Yra Harris Shares His Wisdom
Posted: Nov 11 2009 By: Jim Sinclair Post Edited: November 11, 2009 at 10:10 pm

Filed under: General Editorial

Dear CIGAs,

Aussie unemployment numbers just came out and were much better than expected!

DEBT,DEBT,DEBT for that theme was alive and well in the world today.

Hirohisa Fujii the finance minister of Japan was raising concerns about the recent sell off in JGBs as the rates on ten year Japanese debt have risen 20 basis points over the last 2 weeks. There is growing concern that Japan will have trouble financing their growing national debt that is now over 200% of GDP. This is not a new story but one that has been kicked around for several years and seems to be gaining adherents in the world because of all the other government debt that has been floated since the global recession has deepened. We will pass this off as a concern of crowding out – as the low yields on JGBs cause them to be replaced by other sovereign debt.

Yesterday that great luminary of credit analysis, FITCH, raised a warning about British gilts being downgraded from AAA which caused the sterling to be sold off.

We will note that this that warning the gilts have been up for 2 days so something else must be bothering the pound, like resistance, so we send you to the charts to see if the sterling can hold support.

The Greek government has also come under attack for budgetary malfeasance but that is a problem for the European Union so its impact is diluted. But if these DEBT concerns rattle the Japanese and the BRITS, what about the U.S. budgetary morass? Anybody want to buy 30 year treasuries? And the talking heads proclaim that GOLD is devoid of reality.

We also remind those who are quick to criticize the Japanese that 95% of JGB’s are held domestically while the holdings of U.S. debt are global. We are back to good old John Connelly – it is our dollar but your problem but with Mr.Obama in Japan and China next week we will see for how long this tired old phrase holds.

There was an interesting story out on Tuesday that the Chinese Investment Corp [CIC] has agreed to purchase a 15% stake in the large U.S. energy company AES. The agreement also includes the buying 35% of the firm’s wind power unit for another $570 million for a total investment of 2.1 billion dollars. This may not be deemed a significant amount of money but its importance lies in the concept that the Chinese are testing the Americans to see if they will block this deal under the auspices of CIFIUS.

Remember the last few times the Chinese have attempted to buy into U.S. assets they were rebuffed under the guise of strategic value to the U.S. With Obama in China pressing for possible appreciation of the Renminbi? The trade off may well be allowing the Chinese to purchase high technologically valued assets in the U.S. If the CIFIUS committee were to block this deal, we won’t know for a while, look for great friction to develop between the U.S. and China

Also out of Asia, tonight the Taiwan central bank announced that they are banning foreigners from putting money in bank time deposits. This is a new type of effort to place constraints on capital flows like the Brazilian 2% tax announced last week. We must stay alert to more of these actions as emerging markets attempt to halt the rapid appreciation of their currencies. The impact on the Brazilian REAL has been negligible but we can look for continued efforts to do so. If this becomes contagious the equity markets will be the recipient of that pain.

From the realm of the absurd we have our man Timmy Geithner in Japan reiterating his strong dollar mantra. Do they ever tire of looking like idiots on the world stage? The last time Geithner was in China college students openly laughed at him in a Q and A session he was having and that was in June.

What exactly has the Secretary of Treasury done to put any bite in that statement? We want to report that the Rick Mishkin piece in the FT elicited a couple letters to the editors that followed upon our criticism. One was written by an economist we admire greatly, Andrew Smithers, who noted that of course you can discern a bubble. Smithers has done a great deal of work on valuing Wall Street by using Tobin’s Q theory so when he is critical you should take notice. There are no good bubble periods for they only create pain further out in time as we saw with the bursting of the bubble. The Fed held rates far too low for too long and created the housing bubble. Enough said. And then his eminence Sir Alan followed Mishkin with a speech in which he discussed how the recent equity rally was smoothing the way for recovery. Oh the rehabilitation of Greenspan is a work in progress. Reminds one of Lin Piao.

Yra Harris
 By cw3343

11/10/2009  11:34AM

To Investor:

I kind of thought the same thing years ago, as far as "fake" gold companies. But then I bought some shares and went to the annual meeting. If you make it up here, be sure to attend the meeting. You can tour the gold mine and it is an experience that you will never forget.
They also own the Brown Bear mine, which is not in operation, but used to produce quite a bit...
 By Investor

11/10/2009  7:56AM

Mr Miller,

thank you for your new message. I am very positively impressed about what I see here. This very vibrant forum shows the good substance this company has, instead of some other companies, which, even better evaluated, are just "fake" companies. Your very expressive message also make us to think about it. I will certainly stay involved.

Best regards,
 By cw3343

11/09/2009  3:54PM

Very interesting that the last large trade was a non-USA investor. Thanks to this person for letting us know what is going on. Can't blame him/her for buying, if the firm filled the trade isn't the investors fault... INVESTOR-I respect your right to keep the brokerage information private. It really would not matter much. I was able to buy shares once at .05-10 per share a few years ago...
At some point I will get around to seeing if I am able to issue the shares out.

One thing I noticed, per Bank of the West's 2nd quarter 13f filing, is that they are sitting on 22,500 shares. These shares were not on thier filings from a year or so ago, so it must be a relatively new holding. I am waiting for them to post the 3rd qtr filing, to see if the shares are still held.
Anyone can look up this public information on SEC.GOV website.

Reason I bring this up is that, a few years ago, Bank of the West had a large position like this, and dumped it. But we do not know what price, or when they sold. Other reason I bring this up, is that Bank of the West is owned by BNP Paribas... Not trying to infer anything here, it is just a interesting observation on my part.
 By Michael Miller

11/09/2009  9:02AM

To Investor,

Thank for your added comments yesterday. My brother lives in Quito, Ecuador and is here with me in Alleghany for a short time. I’ve traveled in his home country for thirty years minus eight years when he return to San Francisco. I also visited Chile, Argentina and a brief stop over in Peru. I was invited to take part in a gold mine 25 years ago. I declined for several reasons, including labor concerns and security matters. Foreign operators in Bolivia and Peru have had problems with the mines. You live in a great country with much to offer future generations. I’m glad you found this company and you are fortunate to have purchased so many shares for next to nothing.

While the United States, especially California is over reacting to self centered environmentalist and the Sixteen to One faces unreasonable challenges from time to time, our situation is quite positive overall. Some of my mining friends agree that California is the most proven gold belt with the least mining activity in the world. That’s a reality worth considering for careful investors.

You are right: few people know about the Sixteen to One. I do like Wall Street and know its importance to our culture and society. The Company was set to join the American Stock Exchange with Spear Leeds as its specialist years ago. We were quite excited but an unusual fabrication was presented to the SEC about one of our most famous gold specimens, “the Whopper”, which led to an SEC investigation. Nothing was wrong but it clouded our admittance to the exchange. The SEC never answered our requests for the identity of the liar who caused us the problem. So, Wall Street should be our friend.

Analysts, stock promoters, investment advisers and brokerage houses are very useful to all companies. We chose years ago to play the game straight up. It may hurt our public marketing program but it continues to be the preferred way we conduct our business. I could tell you numerous stories (true, of course) about the junior gold paper pushers, which serve us no purpose. Honest promotion is well respected in old school mining teachings. It is a necessary part of the management for there are times, such as now for the Sixteen to One that an infusion of working capital is necessary to pick up the pace for gold production. The company with 82 million outstanding shares is being manipulated. Buying stock low and selling it high may be the only reason some investors plunge in. We really are gold miners. We’re gold miners because our gold mining properties really have gold. It may take a little longer but when we are funded, even with the modest amount currently sought, the results should sprint past all those gold companies pushing moose pasture, uneconomical “reserves”, and bought analysts, promoters and newsletter writers.

I have contacted Investment Bankers, venture capitalists, natural resource brokerage houses and start up companies with cash and no property worth a nickel. Whether is is uncertainty, or some other reasons, I cannot gain an interest to even check us out. Something is wrong with the present and future for gold and specifically our Company for the lack of interest. It could well be our approach. It could well be our management.

Like you, I too would like to see OSTO "more actively marketed in financials". No, “people have just forgotten it” as you close your last entry. People just are not aware that it exists. People who know the Sixteen to One usually never forget it. Stay involved.
 By Rockroby

11/09/2009  5:57AM

No need to be rude,just wanted to know the Country so I could see if you had any gold mines in your neck of the woods to take advantage of.If you make a killing off my Country and State good for you,I am making a killing right now off of JAG,COLUF & a few others in your Country.I like Brazil and plan on traveling their in the future.More power to you,but if you spent some time researching the mines in your Country you might have been better off,California will not let us mine our gold without a fistfull of lawyers your Country will.
Again more power to ya.
 By Investor

11/09/2009  2:17AM

I am not interested in what you are thinking.

No problem in telling the country: Brazil.

The brokerage firm I will not disclose.
 By Rockroby

11/08/2009  5:12PM

Bluyjay was right,he only said you got one third of 1% and not sure what the problem is in telling us what Country you're from and what brokerage firm you used since your the one who brought it up.Starting to sound more and more fishy to me.
Please explain
 By Rockroby

11/08/2009  10:55AM

Could you please tell us what Country your living in,and what respected brokerage filled you order.
 By Investor

11/08/2009  10:22AM

I chose 16 to 1 because, after analyzing micro-caps gold mining companies, it is far the biggest bargain, the cheapest one.

For those others who feel touched by being quoted, please consider that one can be aggressive without directly quoting the other person. I think that is the case of the message which I refuted erroneously. Depending on me, let's just forget it. White flag.
 By bluejay

11/08/2009  10:03AM

If I am to be quoted on this board, I would appreciate it if I am extended the same courtesy that I extend to others when I quote them by not changing the words around and in the same breath extending inappropriate advice.
 By Rockroby

11/08/2009  7:14AM

I do think you got lucky and got 47,000 shares for the price of a medium pizza.Could you please give us a little more information,like what well respected brokerage house you made the trade with?and what country are you from?what made you choose the 16 to 1 instead of other producing miners?
I myself have looked to the past and have seen the same things happening just like 1979(when i was young,dumb & poor)so I have been dumping all the cash I can get my hands on into gold and silver companies.
Like IAG,EGO,GSS,NGD,NXG,JAG,RBY and the list goes on 42 in all so far and would like a few more.
I have shares of the Sixteen to One Mine on both my UBS & Etrade accounts and will be sending them $2,000 soon to get some certs at home so I can put them with the gold and silver I have in a safe at home,might pull some of my others out to get physical shares I can hold myself.
I myself can't get a buy through Etrade right now even at .55 cents for a thousand shares and if I go through UBS it takes time but will go through at anywhere from .05 too .45 cents(have too many shares in my UBS account)
I think most of us involved in this company would just like a little more info on the trades you made.
Thank You
 By Investor

11/08/2009  4:38AM

Mr. Miller,

Thank you for your message. I really appreciated it.

I really do not know why foreigners are not calling America’s oldest gold company with buckets full of dollar. Maybe they do not know it exists.

I work for myself. I do not represent any kind of group supposedly able to heavily invest in a mining company. That is why I fear I am not able to find some other foreign investors to do it.

Nevertheless, I can tell you some subtle impressions from one that just came across this bargain through internet searching.

First of all, this company certainly has a “charming” appeal: gold mining is fascinating and impacts the subconscious of people. Communication, as a whole, also seems to not be a problem: you have a very good website. So, what is wrong? Maybe the suspicion that all of you show in your messages against “Wall Street” precludes you to search financial professional help to better evaluate this company. If you do not like Wall Street, why not Toronto?

I certainly not believe in a “perfect marketplace”. There is a joke about two economists which see a gold coin on the ground and do not bend to catch it, arguing that if it were real some one would have taken it before. The same occurs in Stock Market. The examples I mentioned in my first message are absolutely real. When I used to negotiate stocks only in my country, there were only 300 companies to choose. When I decided to start to analyze American companies, I was introduced to a universe of more than 10,000 different public companies. I guess it may occur that some of these companies are so “forgotten” by analysts as it causes the incredible to occur: the whole company having a market value of an old car.

In order to change it, I encourage you to contact any Investment Banking. Maybe they present you a plan to increase the market value of the company to a more realistic value as it enables the company to really go public in a follow-on stock issuing, picking up the so needed resources at a real pricing. The valuable assets that you mentioned in your message may be the support to fund it.

I cannot answer to you why the start Gold Corporation with 82 million outstanding shares, no operation and questionable assets, as you said, has a market cap of USD 101 million. Maybe the stock promoters were competent to do it. However, if you disregard completely “stock promoters”, please do not complain about the reality.

When you just go across CNBC Stock Screener (, create a custom screen and selects “gold mining” in the option “industry” in the category “company overview”, you obtain 181 matches. If you rank them by crescent Market Cap, you will see “Batavia Mining” and Bolivar Gold” with no market cap and Original Sixteen in third place with the “incredible” USD 2.67 k Market Cap. In the other extreme of the ranking, you will see as the most valuable gold companies Barrick Gold (USD 44 billion), Goldcorp (USD 32 billion) and Newmont (USD 23 million). I am saying that just to tell you (what you probably know) that the intermediary positions are occupied by all kind of gold mining, but much of them are negotiated in Toronto, which is the specialized Stock Exchange for small and pre-operation gold mining companies.

Just to sum up, I would like to see the Original Sixteen to One Mine, Inc. more actively marketed in the financial markets. It seems that people have just forgotten it.

Best regards,

To Mr. Bluejay, please just study math. 47,110 shares are not 1/3 of the company. It is only 0.35% of the company.
 By bluejay

11/07/2009  11:03PM

The information submitted to our forum page concerning buying 47M shares for less than $10 is highly suspect. Sorry, I don't believe any part of it, nor do I believe any real trades took place at the suggested price of $0.0002.

How can this person buy at such ridiculous prices when there are bids from other shareholders at 10 cents and under in NY.

This whole thing is a fairy tale of buying a 1/3 of a percent of the company for about 10 bucks.

Sorry, I can't swallow any of this. The only way to buy shares this way is to be a registered trader or market marker for the 16-1 in NY. Why would a registered trader ever permit a customer order to buy so cheaply? Just think about it, what is the lowest price any shareholder paid for our company's stock in NY? Was it ever $0.0002, of course not.
 By Michael Miller

11/07/2009  1:08PM

To the new foreign investor (see entry below).

I appreciate your logic and the time you spent telling our web readers about your successful purchases. It totally baffles economic/investment/speculative thinking that foreigners are not calling America’s oldest gold company with buckets full of our much-needed dollars. Can you offer an explanation?

Management has always treated its first corporate duty as the gold mine. This has been consistent sine 1896 when the Sixteen to One vein was located. Nothing has changed in over 100 years. The next duty is to grow our mining assets, which also has continued over 100 years and up to our last acquisition in 2005. Next comes profitability and marketing gold, which leads to cutting dividends. (Remember that in the USA a corporation will pay a tax and each shareholder will also pay a tax, so shareholders face double taxation.) A dividend in gold is a real possibility with this Company.

Besides the tax consequences, another way for the corporate owners to take down a profit is to sell out of the company, thereby giving up the prospect of dividends. When I hustled proxies between 1975 and 1983, shareholders repeatedly told me stories about how much the annual dividend check from the Sixteen to One helped them through the depression and other hard times. I believed their stories because the Company’s records prove it was a generous payer of dividends. Creating an honest (if possible) marketplace for buyers and sellers to barter a price is one of management’s high goals. Why? Two reasons drive this objective: our treasury shares (unauthorized or unissued) become a tool for the Company to grow our assets without dilution (if management is smart about negotiating for new assets). The 100-year history of the Company indicates that its management has been very smart in dealing with its treasury stock.

With regard to our weak financials, our balance sheet is horribly unrealistic. There is nothing management can do about challenging GAAP and its guidelines on booking asset value. Our properties are booked at ancient acquisition prices; standing timber, water rights, gold inventory values, capital improvements, goodwill and more are either non reported or terribly understated. Many small gold companies misrepresent their worth. Right now a start up, public traded gold corporation with 82,000,000 outstanding shares, no operation, $300,000 of questionable assets has a market cap of $101,000,000 (shares outstanding times share price). Stock promoters have pushed the share price above $1.24. What a joke!

Management is not hanging around Alleghany, wringing its hands in despair, spending dollars unwisely or drinking all the beer, wine, vodka or whiskey in town to wash away the blues. Frustrated, yes. Not sure how to meet some real investors who have the ability to smell a hot deal and jump on it before some other smart investors take action would be an accurate appraisal of the times, yes. Damn, gold over $1,000 an ounce and likely to go higher. Damn, where have the adventurers gone? Have the gold bugs of the 1970’s and 80’s all died? Are they extinct or just endangered specie sulking in fear? Do the youthful capitalists think this attack on the dollar will vanish?

I like what Rockroby wrote. Instead of sending the Company your cash, find us some foreign investors, people interested in joining this gold mining operation. They will never regret it and all shareholders will high five you at the next annual meeting in Alleghany in June. I’ll be at the front of the line.

You are encouraged to contact the broker and order out a stock certificate to protect your investment. It will be personally signed by me. Regards.

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© 2022 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910

(530) 287-3223      
(530) 287-3455

      Gold Sales:  

(530) 287-3540

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L. Kenez