April 18, 2021 

Correspondence from the President of OAU


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 By cw3343

02/10/2011  12:39PM

It would appear that PG&E would rather not buy power from you, but instead sell you thier over-priced power, which is probably NOT produced from hydro/solar/wind. Uphill battle, but kudos for at least trying...
 By Michael Miller

02/08/2011  10:19AM

 By Rick

02/08/2011  10:05AM

Mike, did you ever hear back ffrom the Bam administration?
 By Michael Miller

02/07/2011  3:20PM

For several years the company has worked to install a Pelton wheel driven power plant. Ours is a green company before it became so politically fashionable. The dream died and I wrote the local paper with an offer to detail our derailment. No story yet, but below is a taste of correspondence between PG&E and us. We put in a time consuming effort to measure water flow, prepare a building plan and complete the requirements. As the great Mick Jagger sang, ‘It’s all over now.”

December 2010
Mountain Messenger

We wanted to install a nonpolluting hydro electrical plant (Pelton Wheel driven). Our water rights allow for this and there is a huge drop, therefore good head and power. We computed the water volume for several years and determined that we could produce about $4,000 per month. PG&E is required to buy back power in California. Money was tight and I wrote something on our web site. A stranger sent us $500 to get the paper work done. Unbelievable, huh! A shareholder volunteered to do all the paper work since he has done it in the past and is now producing electricity. All concerns of PG&E were met. Then here comes a demand for more money to study the project more. I wonder where this idea originated? Money is tight right now and I think that PG&E will ask for more. Yes is pisses me off!

The power lines throughout Sierra County were initiated due to the mines need for power. Money, money, money, let’s step down on this last working gold mine in the entire Sierra. What am I still doing here!

People get grants to study the yellow nose cricket or pink-eyed grasshopper. How about generating electricity in an environmentalist’s wet dream…water a reusable resource.

I guess I notified you to gain public support and give PG&E a scare. Power to the press when it has firm benefits. MMM

From Mike Miller to PG&E
October 15, 2010

The request for additional fees is odd. PG&E asked for and received $500 to conduct its investigation or study data for our connection. No additional money should be required. I will assume that you will reply and refute this. I hope not. If you do refute our understanding of PG&E as a supporter of encouraging conservation, please provide me with a chain of command up to the board of directors that shows just who passed on this additional charge. It is understood by Original Sixteen to One Mine that it is paid up and does not own PG&E any more money.

Michael Miller, President

From: Chung, William (ET)
Sent: Sunday, October 17, 2010 10:49 AM
Hi Mike,
I do apologize for the inconvenience and I'd be happy to discuss further with you but I believe there has been a slight misunderstanding. The application that was submitted spells out that there is a $500 processing fee. It does not state that this is an all - inclusive study.

If the Interconnection Request is submitted under the Fast Track Process, the non-refundable processing fee is $500.

In addition, per the Fast Track process, PG&E is obligated to conduct a Initial Review which was completed and the results were verbally communicated to you on September 21, 2010. Attached a hard copy version. We stated that this project has failed a few of the screens detailed in the Tariff. Subsequently, I discussed and offered to perform a Supplemental Review and stated that an agreement and invoice will be issued which was done on September 28, 2010. Below is the Tariff language related.

Sent today to MMM
(December 2010)

This is a notice that PG&E will withdraw this project. A formal letter will be provided.

Thank you! William (Myoung) Chung

PG&E's Generation Interconnection Services
 By Michael Miller

01/26/2011  8:55AM

Yesterday I posted a letter to President Obama. A reader complemented it and asked if I sent it. Yes, and I'll print the reply (if any). Letter below.

The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear President Obama, January 20, 2011

Thank you very much for ordering every federal agency to conduct a systematic review of existing regulations. It is long overdue, like two decades! This topic should transcend all political parties, policies and third party critics. Hang in with this.

Except for the lawyers, accountants, profit or non profit corporations which get revenue from over regulation by broadcasting fear or potential harm from some natural or unnatural act of man, all Americans will benefit from a serious enforcement of your Executive Order of January 18, 2011. Americans intuitively suspect that unwise regulations adversely affect our present and future qualities of life.

I support you and will continue to support your staff in sniffing out and cleansing codes that meet the criteria you spell out in this order. As the president of America’s oldest public gold mining corporation, I have first hand experiences that your staff will find relevant to your goals. Please authorize someone to work with me in bringing them to your administration’s awareness.

Your resolve to probe the federal agencies for abusive or valueless interpretations of legislation gives us hope that the pendulum voicing environmental concerns will move towards a balance that truly protects our health, welfare and security. On behalf of some blue-collar miners in northern California, I remain,

Sincerely yours,

Michael M. Miller,
 By Michael Miller

10/22/2010  10:22PM

It's been awhile...

There were two news episodes on the Sacramento KCRA TV about our California gold mine related to and stemming from the rescue of the Chilean gold miners: one on 5pm news and the second on the six o’clock news. For those who saw one or both, you may enjoy a little background story.

The KCRA newsroom got some nice guy in Calaveras County to offer (as a California gold miner, related to or similar to the miners underground in Chili) his experiences and comparisons of risks or dangers as a gold miner. What an insult the segment portrayed to its viewers! It angered me for KCRA to take the low road of professionalism. Come on!! Both presented a news clip featuring a hole in the ground as representing the Sierra Nevada gold belt underground mines. It bothered me all night. I used to dig holes like this in the vacant lot behind my house when I was seven years old.

When I got to the mine office next morning, I sat down to begin an angry letter to the station manager and the President of NBC. Damn it!! The public deserves more thought with responsibility and accountability!! Californians deserve more from newscasters’ discretions or lack of ignorance, especially from the Sacramento media. After all, Sacramento is the capital of the golden state. Truth, like gold rests at the bottom and this news clip was not a truthful presentation.

What the nice guy from Calaveras said was equivalent to, “Yeah, the underground is dangerous. Hah, hah. Each time you go in the mine, you gotta think, ‘This may be my last day alive.’ Every time you go underground, it’s a dangerous risk. You know, this may be my last day alive.” He apparently then climbed down a ladder into the hole and popped some light explosive (poof ). It remains great that a Californian man can climb down into a hole in the dirt for his dream of gold and a mine adventure. Good for him. He is not the issue with the earlier telecast.

It is the newsroom that pissed me off. It’s poor journalism, similar to the old story in the LA Times justifying the CDAA prosecuting the mine (and me) for murdering one of our miners.

I used to think that newspapers were not published as fiction. Opinion if fine, but responsibilities come with opinions. News is valuable, something to ponder and from time to time embrace IT AS YOUR OWN. That gold miner’s tale of risk and danger may be true to him, but it dishonors all the past and all the present underground gold miners in California. It should not lie as the truth. For truth, like gold, lies at the bottom.

The next morning I go sit at my desk, turn on the machines and begin my composition to KCRA and NBC. The phone rings and its Tom DuHain from KCRA TV on the phone and asks if I’m available to talk. Is this irony or what? He does not know my heated thoughts and heated passions about KCRA TV or about the two letters I’ve started to the bosses: about its arrogance or laziness or just inexperience with an untrained news staff. Tom has the deep experiences of history so I jump right to the topic at hand for me. “Did you see that pathetic story your station played in support of the great underground mine rescue?” I did not mince words. He didn’t see it but heard something about it this morning.

Tom covered our million-dollar day (1993), almost 17 years ago but our conversation flowed easily. He asked a lot of questions about the Chilean situation compared to ours in California. I answered. He asked if a crew could come up today for an interview and called me back to say he would be on his way to Alleghany in thirty minutes.

This made me happy because a letter to NBC bitching about crappy newscasts is one thing. BUT, allowing such unscientific, factual circumstances (site specific) damage (through brain washing the public unchallenged) was unacceptable. Now the Sixteen to One will give KCRA TV another look at a California gold mine operation.
 By Michael Miller

07/31/2010  1:20PM

To Forum Readers:

On July 30, 210, a seven man crew from the legendary BBC arrived a in Alleghany for its upcoming production about the effects of a super nova on heavy metals, especially gold. They came to the right place. The documentary is scheduled for showing around February , 2011. It was an interesting long day for me, as I ushered two separate crews around the underground workings as well as watching a sit down interview with the “face” for the English show. He is a bright physicist with a background in super nova theory. His understanding of our unusual gold deposit was lacking but over the course of filming, I expect to see and hear good results after final editing.

The other production crew (3 members) asked me to participate in an interview. No problem. The history of gold mining in California, humanity’s interest in gold for over 6000 years, this rare and special land called the Alleghany Mining District and the present and future of the mine and community are intelligently challenging. The camera and microphones have unforgiving memories, however so words must be thoughtfully spoken. Unknown editors far away will broadcast ones actions. Ninety percent of the filming falls on the editors’ floor.

One question put my brain in swirling motion. I knew that editors like solid and brief sound bites. Rambling would not do. “What is special about the Sixteen to One?” I started with the obvious: the high concentration of gold by weight in quartz. The Sixteen to One may not lead this category, but I know of none comparable outside Alleghany. We have historical maps, data and contemporary figures to lay a claim to lead the list.

My part of the program is scheduled for the “world market”, which includes the USA. Translators will dub over all conversations in other languages. Additional reasons for the Sixteen to One to be special (remember this is the interview’s question put to me) were: its long history of operation, the qualities of the quartz and gold, its accessibility, the old fashion or traditional method of mining. I missed others that may exist.

The list should be longer. Please help me out when the next interviewer asks, “What is so special about the Sixteen to One?” I’ll save your reasons and learn more about a subject dear to my heart.
 By Michael Miller

06/13/2010  6:16PM

September 2003
President George W. Bush
Washington D.C.

Dear Mr. President,

Sorry to bother you with this issue; however, since you know the Sixteen to One mine and expressed well wishes for its good fortune, I bring this to your attention. This is more of a heads up so your advisors become familiar with one fight Americans have in states with significant federal land. Letters will be sent to various levels of federal agencies connected with the Tahoe National Forest. I hope you assign someone below you in the chain of command to take an interest in this topic. We call it rural cleansing. It is the destruction of the cultural and heritage of those living and working beyond the cities.

I was impressed by your personal response to me on November 14, 2000, which is a treasured letter I have shared with non-believers. Even my friends were in awe that you would answer my letter during a time when America’s business and yours were so chaotic. As Presidents, you and I likely share the approach to our jobs about the importance of knowing what goes on in the trenches of our areas of responsibilities.

The following letter will be directed to Departments that oversee the Supervisor in charge of the Federal Tahoe National Forest in northern California. Politically, it is possible that your policies have not reached the career administrators, such as Steve Eubanks. I believe those in the field are following stale policies and direction from past representatives in Washington. Their implementations are not yours. Those, especially at the Director level, may be uninformed or intentionally conducting work that agrees with their personal beliefs. One example is Mr. Eubanks, who is disregarding the federal policy of multiple uses on federal lands. Everyone in the United Stated will suffer eventually as he turns the federal land into a single use, recreation.

To whom it may concern:
On September 2, 2003, I presented a claim for damages to the director of the Tahoe National Forest, Steve Eubanks. It was during a public meeting of the Sierra County Board of Supervisors. Mr. Eubanks took the claim from my hand but elected to disregard it and left it in the boardroom. While his actions create additional problems for the hard rock, underground gold miners, they provide the public as well as his supervisors a picture of how he carries forth his duties as Director of the public lands within his jurisdiction. There are no justifications for his arrogant and childish behavior. I request the following:
1. An investigation of his conduct in office with appropriate reprimands if deserved.
2. An explanation of the status of my claim for damages. Will my statutory time of notice begin on September 2 2003?
3. The Department of Agriculture’s directives in implementing the multiple use laws in California and particularly in the Tahoe National Forest.
4. The name, address and title of the most appropriate person for me to work with to:
a. Bring to light the misconduct of Mr. Eubanks,
b. The misappropriation of private property in Sierra County, California,
c. Possible violations in the Antiquities Act, Best Management Practices in environmental activities, overt actions in conflict with the local General Plan, misappropriations of funds and personnel and others.

A cursory examination of Mr. Eubanks’ leadership over the past five years that I and other residents of Sierra County, Plumas County and Nevada County are all too familiar with may not reveal the actual human and physical damage he has caused. The lives and livelihood of rural life in the areas surrounded by the Tahoe National Forest are in jeopardy due to his continuing disrespect for the law. Mr. Eubanks has stated that his crew “is consistent in how we approach the issues.” This is a good policy as long as ones approach is environmentally, socially and legally in the right. An impartial investigation from the highest level of our federal government’s executive branch will be greatly appreciated. The legislators are not the problem this time. The laws are not being followed by those responsible for their execution. Unfortunately, this reflects poorly on the leadership of our country.
Sincerely your,
Michael M. Miller
Comment…June 13, 2010

Mr. Eubanks retired. The US forest service remains bias against the development of natural resources. Recreational activities continue as a primary development, which is social and has no positive impact on America’s GDP. Our forests are in dire need of management, which includes clearing under story and harvesting. We are sitting in a fuel rich tinderbox. Misguided environmental whiners, who call themselves “progressives” or “activists” have coward our politicians into dangerous policies regarding the health of the nations forests. Most residents in Sierra County realize the dangers but are powerless to turn-the-tide. Fire!! The question is not, if. The question is, when. The life cycles of our precious forests were blindsided by the narcissism of youth, who now approach senior citizens. Empower today’s youth to turn environmental protection onto a 21st century path.
 By Michael Miller

06/09/2010  6:53PM

To Shareholders and readers:

A leading stockbroker from a major company called last week for an update on Original Sixteen to One. During the conversation he said, “ This $1200 price range should be helping you. Should gold reach $2,000 an ounce that would be even better.” We talked about our company, what was going on and what I expected. Then a thought hit me, “Isn’t this something noteworthy. You said gold at $2,000 an ounce as if it were a realistic possibility. Just a few years ago mainstream professional brokers would never have considered such a possibility.” Times have changed.

The irony is that the professional investment community does not know what to do with gold. They have no historic perspective to rely on. Americans have shunned gold because the dollar is the world’s currency or storage of value. I experienced this conviction during the 1970’s after gold became a free commodity. Gold advocates were called “gold bugs” and in a rather derogatory tone.

To all Original Sixteen to One Mine shareholders, relax with your investment. We own a great world-class gold deposit. We have the permits to operate, the equipment to mine and the talent to succeed. Have patience but feel secure that you are in the gold game.

I hope you can make the annual shareholder meeting on June 26 in Alleghany. I promise you will see a new and fresh side of the operation.

For those who cannot attend and readers who have yet to become shareholders, I’ll write a report of the meeting. Since I have no influence on the spot price of gold, I care not a whit how many dollars it takes to buy an ounce of gold. The $1200 or $2000 figures are fine. So is $850 or $3000. This venerable company celebrates its 100 years of incorporation next year. The spot price of gold during this period has ranged from $20.67 to $1248.
 By bluejay

04/30/2010  1:15PM


That reported purchase works out to be about $0.00007 a share when the shares were trading, roughly, between $1.20 and $1.30 each. Are you sure that wasn't the reported date of the transaction?

In March of this year the shares were as low as $0.003.

If this guy were peeling out of the shares in April he could have made $30 million.

The hype Mike saw was a ploy to suck in investors while this guy took some unbelievable percentage gains in a month, alone.

The high on the stock was $1.75 in April preceded by that $0.003 low from the first half of this year in March.

I checked out their website and they have two properties on the way outer-fringe of current gold producers at Red Lake. I saw no meat in what I read. I just perused a bunch of fancy talk using the "what ifs" and the "inferences."
 By cw3343

04/30/2010  11:25AM

Good Letter...
Perhaps this latest 8-K datedd 4-19-2010 sheds some light on the value of the shares:


Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 19, 2010

(Exact name of registrant as specified in its charter

Item 5.01 Changes in Control of Registrant

On April 19, 2010, Steve Rix, the officer and director of Big Bear Mining Corp. (the “Company”), acquired a total of 30,000,000 shares of the Company’s common stock from Aaron Hall, the Company’s former officer and director, in a private transaction for approximately $2,000. The funds used for this share purchase were Mr. Rix’s personal funds. Mr. Rix now owns 21.51% of the issued and outstanding shares of the Company.
 By Michael Miller

04/29/2010  5:12PM

To the Great Body known as “The Public”: This letter is for your benefit.

Is it negligence? Could be just incompetence? How about fraud? Or is the following just plain ignorance? Whatever caused a confident editor of the “Gold and Energy Advisor” a Mister James DiGeorgia, to mail 1.5 million letters that: 1. Praise, 2. Recommend, 3. Encourage, 4. Brag about himself, his insights, his wisdom and 5. Promote Big Bear Mining. He must be exposed. He should send another 1.5 million letters out that explain his prowess in the gold business. He needs to be accountable. You need to beware of inducements to buy gold.

If a widow or orphan (these are the criteria used in California to validate restrictions on selling stock publicly) is contacted, disclosure must be impeccable. Mister DiGeorgia is promoting the purchase of stock. The big bold heading of his adviser letter is: Buy $5,000 of “BGBR” Stock Today.

Why am I spending time writing about James? He is messing in my industry! His behavior taints an already questionable industry that is, the honesty of the junior gold public company. As retired director Charlie Brown so eloquently said one day, “I’d rather own a company that mines gold than a gold mining company.” Get the difference?

A friend of mine received Mr. DiGeorgia’s letter and asked me to review it. Big Bear Mining has nothing but a promotional web site. If you cannot access financial reports and detailed stock information on a junior’s web site, forget the idea of investing in it. I went to the SEC filings and pulled up its 10K. If grammar school children were shown this 10k and asked about how this company looks for investment, the response would likely be, “Forget it. This one has no value.” How come a man who talks investments on national TV, writes investment books and sells his advice promote a company like BGBR?

Here are just a few items contained in the SEC filing for the year ended December 31, 2009. Incorporated 2005; options only of claims…no ownership; no plans to buy any equipment; no plans to hire employees over the next twelve months; no permits to operate. There is so much more that raises red flags.

Now for some stock info: 138,950,000 shares outstanding held by 39 shareholders. That alone will make most (not all) gold advisers toss this junior in the trash basket. Not Mr. DiGeorgia. He writes that “The stock may already trade at $4+ per share and you may be too late.” There is something called market cap or shares outstanding times share price. I checked yesterday’s share price for BGBR ($1.13). This means that the market cap is $153,261,850. This is a big number especially for a company whose assets total $1,317 cash. BGBR owns no gold properties. All this is reported on the SEC filing, which was filed on March 31,2010.

Need I say more! So, Mr. DiGeorgia, explain your behavior. It is no defense that on April 28, 2010, you pulled your “BUY” recommendation for BGBR. I’m fearful that other advisers will follow this shoddy portrayal of gold explorers, gold miners or gold dreamers as the under appreciated narrow industry struggles for serious investment capital. (They certainly have in the past but so have advisers in real estate, dot-coms and medical technologies.)

Investments have risk; however a junior gold company can be evaluated to identify both risk and reward. It is easy for me after living the second gold rush beginning in 1975. Maybe we are in the beginning phase of the third gold rush. Time will tell. My advice is to use care with a look at gold but take the time to do so. I sold some gold this week because I needed some cash to buy something else. I was a reluctant seller. I traded gold for cash to trade for another valuable asset. Mr. James DiGeorgia, I’m not calling you at your (800) 819-8693 number but will answer your call if you chose.
 By martin newkom

02/01/2010  3:45PM

Ah! Kanaka Creek! My wife's Grt.
Granpa referred to it as Kanaka
Bar in the olden days (early 1850's) when he and his dad mined
"The" creek. Picked up some"Bigre"
nuggets from the bottom and then
went to San Francisco and opened
a meat market, later selling it
and going for some different "gold", WINE, in and about the
area of Healdsburg, Calif.Both
gemtlemen came from France, sailing around the "Horn", 173
days from LeHarve to San Francisco.
 By Michael Miller

01/30/2010  2:07PM

Mr. Don Russell
Mountain Messenger

Assemblyman Jim Nielsen is vice chairman of the California Assembly Budget Committee. He wrote an article entitled, “Hope and hard choices”, published in various newspapers on January 27, 210. Excerpts of his article follow.

Political public servants (appointed and elected) must act with great urgency to bring the budget into balance. It is imprudent to wait for Washington to bail out the state. The long-term solution to this crisis is to remove governmental barriers to economic growth and make California job creation the state’s number one goal. New taxes are never the answer. “While most of the budget focus has been on taxes and spending, the long term answer to our budget plight is reviving the economy.”

Next is his statement that resonates loudly with the Sixteen to One mine. “Stimulating business by creating investment incentives, removing egregious disincentives, like the excessive regulations of the Air Resources and the Water Resources Control Board, educating and training our workforce, all are critical to achieving and stimulating economic recovery and adequate revenue to state and local government.” Yes, yes, yes!

Last week I attended a valuable two-day work seminar on safety in mining and tunneling presented by CAL/OSHA. Mr. Hart, the principal engineer of the Regional Office commented that several years ago he said that when gold ends its bear market slide, get ready to see great interest in the gold mines of California. He asked me what happened and I told him. He then said that when the richest gold mine in the world sits without a production crew, how or why would investors seek out gold in California. Think about that. What does that comment mean to you?

The Sixteen is a great gold mine. History proves this, as does contemporary production. The operation is permitted, therefore avoiding the necessity to spend significant dollars and waste two to five years in illogical paper work. The mine is on private property, not the contentious public lands. Millions of dollars bought a solid infrastructure with local services readily available. Management is experienced. And best of all the mine boasts economically proven yet unmined ore zones.

Joe Namath made his famous, wild and crazy prediction in 1968 that the New York Jets would beat the Baltimore Colts in the Super bowl. They did. Michael Miller makes the prediction today that the Sixteen to One will no longer need to seek outside capital to fund its operation by the next annual shareholder meeting in June.

What can you do? Assemblyman Nielsen is right. The Water Resources Control Board lost its way, probably due to third party special interests, to eliminate mining in California. Those outside forces are wrong. They need to be educated. California must get to work on producing new wealth…like gold. The Sixteen to One does not hurt the environment, never has over its 114-year history. The proof is readily available. One must just open his eyes. Kanaka Creek thrives and is beautiful.

This is the message: California needs productive jobs; get real with governmental agencies; we need your regulation but you must base it with honest enforcement; our young men desperately need to earn a living right now; baby needs new shoes and the truck needs new rubber.

The Sixteen to One mine is “shovel ready”.
Michael M. Miller
January 30, 2010
 By Michael Miller

01/06/2010  11:39AM

Thanks nose.
Vera, Bill’s wife, reminded me yesterday that the Sixteen to One mine was Bill’s first mining job. When his last final was taken at Harvard, Bill and two other boys drove straight out of Massachusetts headed west for California. They took the old Henness Pass ( a pioneer route over the Sierra Nevada Mountain Range north of the more well known Donner Pass) from Nevada to Alleghany and camped on the ridge just above the community. In the morning they drove to the mine office and began mining that day. Bill was very excited about getting to work in the mine.

Vera said that Bill had a good life and always loved mining. He chose not to become a gold bug but was always happy when gold was found.

Bill spent many years compiling information about the Alleghany Mining District. His book is very close for submission to a publisher. We all will have a fine treat when his book becomes available.

Other youngsters have told great stories about the Sixteen to One and other mines of Alleghany and their experiences in the 1930’s and 1940’s. The quartz veins, the magnitude of the work and the brilliance of the gold that is peppered throughout the deposit seem to have drilled a permanent impression into their young brains. It takes ones breath away for a moment even years later. I have yet to encounter anyone with actual experience working here that has not had experiences like these. And best of all no one has every suggested that the gold is gone, mined out with none or little left. Quite the contrary!

Quoting from the 1992 Underground Gold Miners of California photo essay the entry for March offers reason for these impressions of high-grade mining:

“This business is not for light weights. The biggest pocket of gold in the Sixteen to One mine was over 89,000 ounces. The area was about the size of a living room.

Don’t call it gold fever.
Don’t call it greed.
Call it a challenge and
A desire to succeed.”
 By Nose 4 Gold

01/05/2010  9:24AM

Mike: Don't forget, Bill Fuller also worked as tramer in the mine. This was often part of your education.
 By Michael Miller

12/31/2009  3:34PM

Please see the posting today under the News category. The photo was taken around 1990.
 By Rick

12/29/2009  7:15PM

Sadly, the institutions of full-belly green politics aren't even on the ballot.
 By bluejay

12/25/2009  3:08PM

My wishes to all the same, Merry Christmas!

The 16-1 operates in a disgraceful State which insists in acting stupid in regards to its responsibilities to care for its residents. By neglecting to embrace its gifts from Mother Nature and putting them into production in creating jobs and much needed revenue, it has chosen to show the world how really inept the State is.

Begging Washington for money to keep its Unemployment Insurance Fund solvent while the State keeps the past glorious days of its gold mining potential in moth balls via history books is as stupid as it gets when not subsidizing the rejuvenation of a potentially large gold mining industry when it could help save the State.

Our legislators have had it too good for too long and now we are all paying the price in wealth destruction. They have been influenced by the real estate lobby to keep California excessively environmentally pristine just to support their commissions of selling more and more while delivering its mining industry back into the Dark Ages.

I don't know how long it will take to get rid of these nitwits in office but hopefully 2010 should deliver a meaningful message to them all from the people that they have failed. These are the same people along with help from appointed financial czars in Washington that created such a massively dangerous housing bubble that we are all now clearly paying for.

A sad forecast by Martin Armstrong states that residential real estate holdings will be the worst investment in the years ahead with the exception of a three year minor rally taking place in prices between 2012 and 2015. After 2015, it's all downhill for 33 year continued beating.

You'll never hear any of this from our representatives because it would mean job losses for them all and besides, it hasn't happened yet.

It's not all bad news for everyone, the Chinese will benefit when we and our children are all forced to sell to them just to survive as the years pass. It wouldn't surprise me if the Chinese show up soon in our mining district with their dollars in hand an attempt to buy up everything for pennies on the dollar.

If anyone thinks the Chinese aren't very interested in gold then they are naive. If you believe they haven't done their homework where gold still remains in past gold producing districts, then think again.

The Chinese are coming. I just hope the State of California doesn't bury us first before we have the time to negotiate with them or, possibly, someone else.

Next year should be exciting for those folks with gold investments. Go Gold!
 By oakrockranch

12/25/2009  12:37PM

Merry Christmas to Michael Miller, his family, staff, volunteers and supporters of this legendary mine. May 2010 bring great success to the 16-to-1.

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