December 17, 2017 
 Sunday 
 
 

Forum
Topic:
Miscellaneous

       

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 By Michael Miller

05/03/2008  2:45PM

It is doubtful that anyone working in mining in northern California failed to cross paths with Charlie Schultz. My experiences with Charlie spanned thirty years starting at the Morning Glory gold mine in Alleghany and ending at the Empire mine in Grass Valley in 2006. He gained respect because his intentions were usually ‘on-his-sleeve’, his conduct was respectful and his attitude was positive and helpful. When this topic surfaced on the FORUM my thought was, “Hey and hurrah, old Charlie got someone to put his thought (of course related about mining) on our web site.” Charlie stayed away from computers, FAX machines and cell phones. He drove the California State Parks people crazy because he communicate the old fashion way.

Charlie and I had a rip-snorting laugh over his first death. In 2004 I was looking for Charlie to accept the position of inspector during my contract with the State of California and the adit project. I got Charlie Schultz’s number and was told by his daughter that he recently died. I was shocked. I told her how fortunate we in the mining business were because of such a great man to see us through our regulatory maize. I went on and on about how wonderful her dad was and how I would miss him. She invited me to his funeral and to speak because many of his relatives did not know him very well. I said that I would.

A couple of days late Charlie phoned me and said he heard I was looking for him. I said, “Charlie, I thought you were dead!” He replied, “Wait, let me see. No, I may be old but I’m not dead yet.” I told him the story. We had a few laughs during the following two years we worked together at the Empire.

My first run in with Charlie was during his inspection at the Morning Glory. Tom Woodfin and I were opening the underground workings when he showed up. He was very gracious and did a surface inspection of our operation. Tom and I built a wooden bridge across Little Kanaka Creek about five feet wide, twenty feet above the water with mine track down the center. We pushed all our supplies and equipment over the bridge to get to the portal and used it many times each day. We never got around to putting railings on the sides and never were really concerned about the lack thereof. So, here comes Charlie walking across that bridge. He stops and says, “Boys, don’t you think a couple of railings are needed here? I think one of these regulations would require it.” I didn’t want a citation but had to give Charlie a reply to his question. I said, “No, Charlie, we don’t see the need for any railings. Its safe and besides it keeps anyone walking on the bridge alert so they won’t fall off. It keeps us on our toes.” He just looked at me for a while, probably wondering what to say next. Finally he said, “Well, I see your reasoning but railings will be better. Next time I come this way, I’d like to see them on this bridge.”

After Charlie finished his inspection he sat down with us and told us his hobby was collecting pocket watches. He went to his car and brought back a nice case full of pocket watches, open the case and told us something about each watch and how much it cost. We thanked him for the look and he left. Tom and I were quiet for a while. Tom said, “Mike, do you suppose we were expected to buy one of his watches?” I said, “Tom, the thought never occurred to me but maybe we should have or maybe we should on his next visit.” We had more visits from this federal mine inspector but we never bought one of his watches.

Charlie visited us one time when we had successfully de-watered the next level of the mine. We would scrambled up and down the 100 plus foot decline using a rope for support. Building ladders took time and money, things in short supply for us, plus we saw nothing unsafe. Charlie stood at the top of the shaft and looked down the dark hole. I said, “Charlie, the pump is down there. Do you want to see it? We can walk down for your inspection.” Charlie gave his great typical look of a wise experienced man and said something I have never forgotten. “Mike, mine inspectors don’t like to go down ropes like this because they don’t know who may be standing up top with a knife. Next time I come I’d like to see some nice ladders or stairs down this shaft.”

This is how Charlie treated us and I bet how he treated many of the men he inspected. There was never any doubt that he cared for our safety. He had a lot of respect for the miners working at the face of danger. He also knew how to get the best results to encourage our safety. Every time he left us, we immediately carried forth his gentle wishes or demands out of our own respect for him and his position. He quit the federal program and became an advocate for the miner as federal policies changed towards inspections. Instead of Charlie’s way, mutual respect and mutual admiration for all in the business of mining, inspections became enforcement via citations and financial penalties. We miss you, Charlie.

So later today I’m going to the store to buy two bottles of whiskey. One will be the cheapest on the shelf because Charlie would drink anything. The other will be the finest because he deserves the best there is. Charlie, heres to you. The pit of my stomach feels an immense pain for your loss, but my eyes and mouth are all smiles right now just thinking about you. I am honored to have known you. Tap ‘er light.
 By Fireman

05/02/2008  11:16PM

Sorry to hear of his passing. Charlie was a good man, helped me out anytime I needed some. I received my mine safety training from him back in 1996, Thanks Charlie!
 By highgrade

05/02/2008  6:47PM

For those of you that knew Charlie, he passed away last week in southern california after an unexpected complication from an illness. Charlie was known by many in the area and a respected mine inspector throughout the region. We will truly miss is canid miner spirt, and all that he did to keep our operations in business. I am glad I had the pleasure of working with Charlie over the past several years.

RIP Charlie
 By Rockroby

03/17/2008  1:46PM

Mel
I would have to say a Fisher Gold Bug 2 with a good set of headphones,their are some that are better for finding gold but they can cost over $3,000.00.
Good Luck
 By Montana_Mel

03/17/2008  11:42AM

I want advice on purchasing a new metal detector. This will be my first one. $800 is my limit. I live in Montana and will be visiting GPAA mining claims in Montana and Idaho. Any advice is greatly appreciated.
 By Rae Bell

03/07/2008  12:16PM

Patented claims are essentially private property. They started out as unpatented claims and the owners went through a legal process to make them patented. The process was easier back in the days when the government wanted the west to be settled. Now it is almost impossible to patent an unpatented claim.

Unpatented claims are claims to the mineral rights on government land. Certain paperwork has to be filed annually on these claims. Assessment work must be done or a fee paid. If you own more than 10 unpatented claims you have to pay the fee which is $125 per year. The Sixteen to One owns 110 such claims so must pay $13,750 annually to BLM to retain these mineral rights.
 By Dick Davis

03/07/2008  11:04AM

Thanks for the question. I wanted to know too, so I Googled: Patented Claims.

Patented claims are those whose title is held by the claim owner not the Federal government.

Unpatented claims are those upon which the claimant has only the right to explore for and to mine certain minerals.
 By gfxgold

03/06/2008  12:05AM

For those of you who would like to know the detailed statistics on the international gold market, go to the CPM Group Store at http://store.cpmgroup.com/ and purchase a copy of the CPM Group's Gold Yearbook 2008. It includes analysis of supply and demand trends, bullion and futures market activity, projections for the next year, and detailed statistics on mine production, secondary recovery, central banks, fabrication demand, investment demand, prices, futures and options activity, and other aspects of these markets.
 By gfxgold

03/02/2008  9:39PM

Mike,
I had a thought about how to get the word out about the 16 to 1. It's a little bit low key. It might not produce any results in the way of investors but, you just never know. Have you thought of putting some short video's on YouTube? http://youtube.com/
Taking excerpts from past video's would be an easy way to start. You might even get some volunteers to help you out.
Just go to their website and type in your favorite gold mining term into their search engine and see what comes up. I really like some of the open pit mining explosions they have for viewing.
Maybe, some of the other Forum contributors could chime in on this idea.
 By Rick

02/10/2008  7:24PM

Anyone who wants a copy of the letter I've previously mentioned, just ask.
 By Michael Miller

02/06/2008  2:38PM

The year-end inventory of silver is 325 ounces. Some is in the form of “shot”, pure little droppings used by jewelers. The balance is jewelry, such as mini mine bars and mining related charms. There is no pure silver ore in our deposit. The silver is a bi-product from the refining process. The “gold” that we find is actually about 84% fine au and 15% fine ag. After refining the bullion (.9999 gold) is ready for market. So is the silver.
 By martin newkom

02/06/2008  1:52PM

Mike, do you get any silver
and/or platinum out along with
the gold?
 By Michael Miller

02/05/2008  6:48PM

The year-end financial draft in completed and awaits review by company accountants and the directors. Once accomplished, the company will file the financial information with the Securities Exchange Commission (SEC) via the electronic process commonly called EDGAR. These filings occur four times a year. The company has had timely filings since 1989 or seventeen years or seventy-one filings without being delinquent. They are called 10-Qs (quarterly) or 10-KSBs (annual) and are available on either the SEC web site or go to our web site. The annual report is sent to all shareholders of record each year.

For the year 2007, gross revenue was $831,558.65. Year-end evaluation for the increase revenue from the increase in the spot gold price accounted for $$66.941.61. The balance of $764,617.04 was from gold sales of jewelry, specimens and the rareness of gemstones, the famous Sixteen to One quartz with gold.

Gold production during the year 2007 was the skimpiest in the company’s long history of mining. You are able to follow the frustrations of the company by reviewing the messages written by Scoop under Clips from Alleghany in the FORUM. Gold production was a pitiful 88.26 ounces. It still seems unbelievable. I do not know the average spot price for gold but will use $700 an ounce, which amounts to $61,820 of revenue from new mine production. Pitiful!

If you wonder where the other $702,835.04 in revenue came from, it was from inventory. Are you still with me on the math? Okay then, the next piece of information required to analyze the company’s financials will be some inventory data.

Beginning inventory for 2007 was 1,025.95 ounces of fine gold (fau). Ending inventory for 2007 was 739.28 fau. The inventory was depleted by the difference or 286.67 ounces. Using the estimated spot bullion price of $700 an ounce, it amounts to $200,669. When this figure is deducted from the $702,835.04, the remainder is $502,166.04. Now you have some solid data. Can you figure the how this happened?

The diamond market does not come close to the excitement and profit of mining the Sixteen to One. Bluejay, I do not know the various grades of diamonds, but they are very subjective and easily mistaken. The Sixteen to One raw quartz has ten grades. All have a different price. Once a jeweler puts his mark on the gemstone, the price (grade) escalates accordingly. While there are similarities between diamonds and gold, gold stands alone in liquidity, safety and storage. The Sixteen to One quartz and gold deposit stands alone against all other producing mines be them diamonds or gold.

When an entrepreneur or gambler or speculator steps up with some money, we will find lots more. In the last decade the greatest annual production was 5,869.92 ounces fau. If you have figured out how much money we make from the Sixteen to One gold deposit, you should be a player in the next game of mining this most unusual and special mine.
 By bluejay

02/04/2008  4:22PM

Today, Rockwell Diamonds(TSXV:RDI) reported diamond sales completed on January 29, 2008 for the previous year's December diamond production from their South African properties.

The company stated the completed sale involved 1,863.53 carats averaging $2,316 for each carat. Two stones, including a white 25 carat diamond sold for $19,000 per carat.

Then the idea came, how nice it would be for our shareholders to be advised of our monthly sales. Why not?

I hear from the Forum that gold production is sparce. I also know that we have financial obligations of current expenses plus monthly debt payments. Although there is a dore bar sold here and there, the bulk of our gross sales must be coming from gold and quartz slab.

If mine production is slow or nonexistent, is our gold specimen collection going to the saw? If so, what pieces have been sliced up and what pieces remain?

It would also be nice to know how much the grades are fetching these days? Unlike diamond sales which have many grades, our slab doesn't have that many clases.

The board should direct that shareholders be given a closer look at what is happening with our gold sales and our gold inventory.

If other shareholders of other companies are receiving detailed accounting of their product sales and inventory, then why can't we?
 By Crush

01/17/2008  8:59PM

Now, if thers no stain on it like rust and it ways a bunch an comes from a good place like this mine OAu yuor rich.
 By Michael Miller

01/17/2008  12:04PM

The consensus is your rock shows several metallic sulfides, primarily pyrite. While a trace of gold may be associated with the sulfides, it has little value. Oxidation is obvious and gold does not oxidize. So, when you see a rust color or rainbow colors, oxidation has taken place.

Four of us looked at your pictures and agree. Fortunately the company geologist is in Alleghany and was one of the four. Now, we could be wrong. It may look different in person. An option for you is to break off a small representative piece and send it for assay.

Thanks for trusting our judgment and visiting our web site.
 By hardhead

01/16/2008  6:23PM

hi and thanks for the reply. first of all I would like to pay off a bill or 2 gold mining isnt the only thing thats been slow . and I dont really need the rockbut I got it and if I can benefit from it good.also I will consider your valuation but I will not give it away since it is likely to be the only one I find. I dont need a expensive education . will send lics thanks larry
 By Michael Miller

01/15/2008  10:17PM

It was a low year for gold production, so you can sell your 10 pound rock to me.

Why are you selling it and what are the reasons you want to sell it now?

Do you want me to set the price? and will you accept my valuation? It's cash and carry to strangers. Send the picture to the corp@origsix.com

One picture will never determine the value of a quartz with gold.
 By hardhead

01/15/2008  7:59PM

Hi I am new to the forum but have been interested in gold and a compulsive hunter for a while . I was wondering how to determine what a quartz rock with gold in it is worth and where to sell it with out getting an expensive education. any help would be appreciated . the rock weighs more than 10 pounds I can send pics if it helps . thanks again.
 By martin newkom

01/12/2008  7:47AM

I wish Mr. Sorlein could have
known my uncle, William Forman
who was a well-known mining
attorney both in Nevada and
Nation-wide and was the Chair
of the mining and metals di-
vision of the American Bar Assoc. He was raised in To-
napah, NV; went to Hastings,
not Harvard but was a super
lawyer in his field. Both he
and Mr. Sorlein were very
gifted and lucky and missed.

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© 2017 Original Sixteen to One Mine, Inc.
PO Box 909
Alleghany, California 95910
 

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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