July 5, 2022 



 By RupturedPelican

06/06/2022  1:25PM

The idea of a tech company coughing up $8.5 million to buy the controlling interest in a gold mine, which is totally outside their area of expertise, boggles my mind.
 By fredmcain

05/23/2022  7:38AM


Although I believe money could be made at the 16 to 1 mine by offering train rides and additional mine tours, I recognize your point about the location being rather "off the beaten track", so to speak. I have never been to the mine, but it sounds like quite a drive even just from Auburn.

I also strongly agree with your skepticism concerning Quartzview. Where in the world can we ever find someone with as much knowledge and experience with this mine than what Michael Miller has? That's gonna be a tough row to hoe. It almost seems to me like Michael in not replaceable.

Fred M. Cain
 By cw3343

05/18/2022  9:53AM

My guess is the tracks and ore cart system will stay in place. I know very little about mining, but it seems like it would be prohibitively expensive to replace all of that.
Ore cart rides for the public sounds great, I would do that immediately. But Allegheny is in the middle of nowhere and they get maybe one tourist a month, if that. Plus, it’s a disaster from a liability and insurance standpoint.

Perhaps someone in the know could elaborate on Quartzview’s plans for the mine? I am a bit skeptical about some silicon valley company coming in and thinking they have a better idea whilst ignoring 150 years of underground mining knowledge and experience.
“everything woke turns to shit” -Donald Trump
 By fredmcain

05/12/2022  7:29AM

One concern that I've had (in addition to the inability to keep my shares) is what will the new management do with the 16 to 1's truly historic rail haulage system?

I have asked this question in the past but never received a satisfactory answer.

It seems that so-called "trackless mining" has somehow become more "sexy" or simply "correct" in the modern mining business.

But other than the loss of a genuinely historic railway, there are other issues that dispensing with the railway would entail.

For one, in order for trackless trucks to work a mine, underground passages have to be made much bigger. Not just bigger but MUCH bigger.

Sides and backs (ceilings) of the underground passages need to be secured to prevent cave ins using wire or some other substance.

Ventilation has to be greatly improved to expel exhaust emitted by rubber-tired “trackless” mining vehicles.

Some newer, rubber-tired underground mine trucks might now be available powered by lithium-ion batteries. But such vehicles are hugely expensive, and,….

Rail vehicles encounter far, far less friction than rubber-tired vehicles and therefore use less energy.

So, the question comes up, as a mining operation, do we really need to take on more debt in order to convert the operation to trackless mining? Especially if it means an aesthetic loss of a truly historic railway, quite possibly one of the last in the state of California?

The answer to this question almost seems like a “no brainer” to me.

Both the Iron Mountain mine in Michigan's Upper Peninsula and the Copper Queen Mine in Bisbee, Arizona (both of which are no longer actively mining) have offered train rides to the public at large. This can actually be an attractive and additional source of revenue.

Fred M. Cain,
Topeka, IN

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