August 18, 2022 

How to Approach Thin Veins & Cost


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 ]

 By AJ

01/24/2020  4:32AM


Do you have any guidance on how to pick some shares up? Thanks!
 By dickdavis

01/23/2020  5:52PM

You are right! Own shares and visit the mine, attend the yearly shareholders' meeting and at the meeting take an underground tour of the mine annually. Visit the museum, inhale California's gold mining history. Dine at Casey's.
 By AJ

01/23/2020  1:18PM


I'm interested in purchasing shares of 16:1 for personal interest. I don't know anything about mining but I love the historical aspect of the mine. I figure if I ever wanted to tr and tour the mine it's probably easier if I own shares, and even if I could see it without owning, I'd rather own some just because.

I've been trying to get in touch with 16:1 via email to post an offer on the site, but haven't heard back. Anyone have any advice on how to track down a willing seller?

(I'm willing to pay more than 2 cents a share haha)
 By Michael Miller

01/13/2020  10:00AM

Please note that our website time stamp is on Hungarian time. It is 4:59pm in Alleghany right now. Mildly snowing and beautiful.
 By Michael Miller

01/13/2020  9:58AM

No ouch. I think that equals a good large pizza and a couple of craft drafts. maybe a salad. The guys are in the game again. it cannot be a tax sale because this is 2020. At thhis price, I can buy all the outstanding shares for about $200.000. Anyone interested in sellig.
 By karld

01/13/2020  6:04AM

3750 shares traded at 2 cents today. Ouch!
 By Michael Miller

12/13/2019  7:30AM


Finished listening to Ron Paul YouTube you sent me today.. I first heard him in the late 1970's in Nevada City. Hard money people were rare. I met some (old and wiser than I) and hung out with them. Few today will spend the time to understand dates like 1913, 1933, 1971 and December 31, 1974, that Paul mentions. Gold can be more like an insurance policy than an investment. It is an investment since it can be traded.

At today's price and what may follow, most people are left out, which leaves silver as a choice. Gold relates to stock investment as product does to all other stock company whether it is a Tesla or pork bellies. Supply, demand and price are relevant.

Even middle income/asset America will have financial problems buying physical gold. It may be more shifting assets but those with non-flexible assets have nothing to shift. Even if gold is $2,000 an ounce and I had none but wanted to join gold, I'd look for another way to play. I did and do this finding undervalued gold companies with real potential. This options remains but again, people must become learned.

Perhaps one of my strengths is understand the penny or junior gold companies, their properties and much more. Acquiring physical gold differs from buying into a company like Sixteen to One. A one thousand grubstake of physical gold costs $1,475,700.00. A thousand share grubstake in Sixteen to One will cost less than $1,000. Risks accompany both and differ. But rewards in a future bull market differ significantly.
 By fredmcain

10/21/2019  3:29AM


Thanks for the post and the information. Buying “grey shares” for OSTO (or for any thinly traded “penny stock”) has become very problematic and erratic.

I’d had an order in with my broker in my IRA for nearly two years and was not able to get any. Everytime I entered a good-till-cancelled order it would just expire after 60 days. Then I’d have to enter a new one.

Lately I had an order getting ready to expire again so I added a second order and bumped my offer price up by a penny. Then all of sudden boom-boom! They BOTH executed at once. Go figure! There is no logic in this.

I spoke with a small broker a few years ago who explained to me that years ago when someone would attempt to buy a “penny stock”, the broker would call around looking for shares. No more. It’s all done by computers now and most “grey shares” or “penny stocks” trade under the radar so that that the computers simply cannot “find” them.

So, why do I do this? Two reasons. Number one, I hate to say, the “grey shares” are a whole lot cheaper. But since I cannot get my broker to provide me with a certificate, then I guess I’m getting what I’m paying for.

The other reason is a more pragmatic one. Right now I happen to have more cash sitting in my IRA doing nothing than I have in my bank account. So buying shares on our company’s stock board right now is not an option for me. That might change, though.

Best Regards,
Fred M. Cain
 By Michael Miller

10/18/2019  7:50AM

Good fortune to the existing shareholder who bought 20,000 shares of OSTO this week. The price as stated in my Schwab account was $0.109. The grey market mystifies even the professionals. But…a trade was executed and reported.

Someone ,somewhere must run grey market activities. For you followers of the website and a buyer or seller interest, try internet brokerage services. Let me know your success as buyer or especially seller.
 By Michael Miller

10/17/2019  2:00AM

A dozen calls (as recently as yesterday) are ringing with interests in buying shares. We have a new transfer agent and expect prompt responses in the future for share transfers.

If an existing shareholder wants to sell shares, write me and name your price. The grey market is still grey.
 By Hans Kummerow

08/23/2019  4:29PM

I agree with you, Scoop. London is still attractive. But please be aware that you would be listing at an exchange that is owned by China.

08/13/2019  2:27AM

Australian Securities Exchange and Toronto Stock Exchange mining companies report liquidity has been low and the depth of institutional investors has decreased. Juniors struggle to raise capital in recent years, particularly in North America. Listing on London Stock Exchange (LSE) is an option.

Twelve mining companies made their debut in London last year. Mining is a key LSE sector, representing more than half a trillion dollars of market capitalization. One hundred sixty five mining companies are 23% of the global market capitalization of mining companies. One hundred mining companies are valued under $100 million.

In Canada the ability to raise new capital has been particularly difficult given the focus in the region on other business sectors. After it was legalized in the country in October 2018, cannabis-related firms have not been favorable for mineral explorers. Interest in cryptocurrencies has also made it hard for juniors to raise capital in Canada. London market has a deep pool of institutional capital, meaning that even in difficult times capital should be available. Juniors must work hard to prove themselves, regardless of whether listing in Toronto, Sydney, Johannesburg or London. London appreciates quality, production and near production companies.

The deep pool of available capital in London means that international mining companies are increasingly tapping into the UK's investor capital to support new projects and expansion. Companies will ultimately follow the money when listing.
SCOOP says: Sixteen to One is quality, has production and knows where major near production awaits your drills.
 By Michael Miller

07/19/2019  8:31AM

About twenty months passed since an entry on this topic. A shareholder asked recently, “When will OAU finally seek real financing even at the cost of dilution?” It is a solid question except who are and what is “real financing.” Hans Kummerow started this thread on January 13, 2015. I replied the next day.

Here is how real financing should investigate and initiate with our Company. Establish a partnership with like-minded people or just handle it yourself. Place $3 million into the partnership on your terms with the other partners. Negotiate to enter into a limited partnership woith Original Sixteen to One Mine. Earn a GROSS gold payout thirty days after production in refined .999 fine AU. Other benefits can be included once the initial financing is returned, such as: right to purchase gold below spot, stock option.

Now, if there are any real financiers who lack a gold position or want to strengthen their existing one, call me. Once we affirm who you are, come to Alleghany and learn details about the most proven and underappreciated (financially) gold opportunity IN THE WORLD. If anyone knows one with greater upside related to risk, call me so I can join.
 By fredmcain

07/08/2019  7:28AM


YES ! Right on! I had problems myself with the girl at the old transfer company returning my calls and stuff.

I hope this is an improvement.

Fred M. Cain
 By Michael Miller

07/02/2019  2:05PM

We hired a new transfer agent; former was not responsive for making transfers or communicating with Rae and our new agent in Reno. I flew to Spokane and drove to Post Falls, Idaho Monday June 24, returning Wednesday June 26 with our documents, now in the hands of Nevada Agency and Transfer Company. Check it out if you want. I expect significant improvements for all.

This change is important for future buyers and sellers using our “STOCK” topic of the website. Buyers and sellers are matched but we could not close the transaction. Problem solved.
 By Hans Kummerow

05/13/2019  4:25PM

Dear Mike,
what you are writing is very true. A 17 year old expert opinion is worth a fresh look.

And the Toronto Stock Exchange TSXV has grown into the biggest source of venture capital for mining companies worldwide during the last 17 years.

OSTO-Stock would stand out quite tall at TSXV in a comparison to all those junior miners who are listed in Toronto.
 By Michael Miller

05/09/2019  8:56AM

Hello faithful participants in our historic FORUM. I appreciate the experience and wisdom on these pages. I thought I’d read the starting this topic seventeen years ago. It is impressive and worth a fresh look. Enjoy. May 15, 2002 at 2:56AM

05/15/2002 2:56AM
Dear Mr. Miller:

I do not feel bad about 16 to 1 loosing it's listing on the Pacific exchange as it was never a good place to list. Not one of the stock listing services such as Yahoo Finance or AOL Quotes would access any stock listed exclusively on the Pacific Exchange, and most brokers would not track anything on it either due to higher commissions. What is the use of having it listed if the listing can not be accessed? I think one main reason for the lack of trading volume in OAU is it simply was impossible to access for most investors unless they went to your web site and found out it was actually listed. Remember that only 27 stocks (including OAU) were unique to the Pacific Exchange, not making it worthwhile for any automated quote system to access them.

Now, as to where to list. DO NOT list on a Canadian exchange. The most logical one the Canadian Ventures Exchange (CVX) is again another exchange that is not accessed by most Net stock reporting services. Much worse, it is not accessed by the majority of brokerages. When I tried to have my broker at Prudential get some CVX quotes, I was told that no broker in the SLC office had subscribed to the option of accessing CVX quotes as Prudential did not trade in CVX shares, even though they trade in most foreign exchanges. Again, what is the use of being listed on an exchange that no one can access or trade on?

NASDAQ: This was originally just a computerization of the old pink sheets. Unfortunately, they have totally forgotten their roots and have since imposed requirements almost as stringent as the NYSC. This is such a disaster to small companies they set up the "NASDAQ Small Caps" listing for companies who do not qualify (mainly because of low share prices) for main NASDAQ listings but who want to avoid the "stigma" of the NASDAQ BBS - the Bulletin Board System is really the current remaining equivalent of the old pink sheets and serves very adequately for making a market. The only real stigma is that there are no real listing requirements other than at least one broker - somewhere - makes a market in that stock, and thus it attracts companies who do not file annual reports, fraudulent companies, etc. so it is a buyer beware type of listing. As nearly every active stock trader realizes this, it just means a bit more due diligence. As long as OAU continues to meet SEC reporting requirements AND produces hard copy reports and mantains a web site, I do not see any reason for not listing on the BBS. You can try for the "Small Caps" listing part of NASDAQ, but I do not know what the requirements are - it is certainly much simpler to list on the BBS - unlike listing on "Small Caps", that can be done without any formal exchange approval.
One advantage of BBS over Canadian - all listings are fully accessible by every brokerage, traded by every broker, and listed on every Net stock reporting service. For those reasons, I would personally prefer BBS listing to the old Pacific listing.
 By cw3343

05/07/2019  12:16PM

yesterday the shares traded at 10 cents, one 1600 share trade, and one 1400 shs.

No big deal, except the increase from the last trade was 99,899.99%
Not many can say they had a stock that went up that much in one day!
 By Michael Miller

04/25/2019  2:59PM

Wednesday April 24, email from Steve, former director and specialist on Pacific Stock Exchange. My reply.

Nice to hear from you today. Wow,a trade at $0.0001. This may be the record for market insanity regarding share value.

You and I likely know more about the public market for OSTO than anyone. I agree with you, but before going into this trade of 234 at $0.0001 which may not cover the $4.95 trade cost, our move towards a market is underway. Relevant factors affecting gold ownership are under exposed but a strong shadow market exists. Foreign gold players are kicking action as are big gold producing companies. Exploration juniors remain mostly phony; however a few good “penny” stocks are out there. My OSTO shows the 234 volume sale.

Sixteen continues to break tradition, as you wrote. And yes, few, too few know about us. This is changing. The gold market is heading for new territory. Russians, Saudis, Europeans, big producers, South Africa and even USA are active. China already has its yuan backed with its gold market. You know this and much more. Can Blue jay rejoin the FORUM? Your analysis is appreciated by readers, I’ve been told. I miss Blue jay.

Sixteen’s relationships with federal and state agencies have improved. A past negative is neutral. Few small gold companies compare: we produce gold, are operating and permitted. Our country is stable and our mine is patented. Others hype the Exploration theme: promises that take years, if ever, before production. Outstanding shares are huge: 400,000,000 outstanding or more touting their moose pasture. BS: no operating permits and zero revenue.

Many in our small, tight gold industry know about Original Sixteen to One Mine: coal miners in the east, silver miners in Idaho, financial people around the country, even Barrick and Newmont miners know about this traditional gold mine working in California. Memorial week end a conference of geologists is held in Reno. On June 1, fifty are busing to Alleghany for a tour. Their word is Excitement about visiting our historic mine.
The biggest reason promotion stalled is the nonsense of the grey market. How can someone make a buy? Those five, ten and fifteen cent trades could be lawyers cleaning estates or likely between some manipulating towards a low price, pretending that ten cents or less is our value. It isn’t. Fact: An existing shareholder added 10,000 shares at $0.50 a share recently.

I am so glad you wrote. I’m with you, let’s get it going!
 By cw3343

04/24/2019  3:24PM

all I can say re today's trade is OUCH! Unless someone was looking to purchase, then maybe they got a good deal...

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 ]


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

(530) 287-3223      
(530) 287-3455

      Gold Sales:  

(530) 287-3540

Design & development by
L. Kenez