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Correspondence from the President of OAU

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 By Michael Miller

05/11/2018  11:40AM

With a growing interest in gold, I’m spending time compiling Sixteen to One data from old records and hours of work. Geologists and others are looking for mining opportunities and information. The letter below isn’t one for those interests; however, I snorted after reading parts of it. Bill Murphy is Chairman of the Gold Anti-Trust Action Committee. He exposes the manipulations within the precious metal industry. I saw this letter and the line, “The public will get another hosing in a couple of years as others pedal their stories” came true.



March 23, 2009
Dear Bill,

We spoke when you were looking for plaintiffs in your lawsuit against Blanchard. I said okay, but I guess our company was not needed. I would have been proud to be a party to your exposure of fraud or collusion.

I still am President and now our company has become both the oldest U.S. gold mining corporation and the longest producer of gold in North America. It has not been an easy trip. Nevertheless, I look forward to every day and am positive that gold has a solid future for another decade or so.

I tried to participate in Le Metropole Café. It was very unsuccessful. I notified you by e-mail at least three times over the past eighteen months of the troubles but heard nothing back. I had signed up for a trial membership. It was a technical disaster that never got solved. For a year or longer after signing up, I continue to get e-mail notifications from Le Metropole, but I have no password or ability to open them. I wrote explanations to your web master to give me a real trial or stop sending these worthless e-mails but nothing happened. Will you look into it, please?

The gold sector is different from thirty/twenty years ago. Events will not duplicate. Interest has waned. My involvement dates to 1974. As a real gold producer, a junior at that, I see very few articles about how to evaluate the small companies. I don’t find the articles about the large companies that compelling either. (I broke bread with past presidents of three of the big companies and rubbed elbows with many small company executives.) Right now I have little hope for true improvement in the Big Guys, the analysts, promoters or newsletter writers. The public will get another hosing in a couple of years as others pedal their stories. The past has hurt those who actually take the risks of gold mining, something the owners and management of Sixteen to One mine have done in the last three centuries. You have a tool to help the real gold miners and a naive public. I would like to learn more about Le Metropole Café and perhaps become an educator, not to shamelessly promote but to combat ignorance.

If you have the time, please give me a call, check out the FORUM on our web site or if you have no time or interest, please tell your web master to quit sending me emails that I cannot access. Hope the best for you and your publication.

Sincerely, Michael M. Miller
 By Michael Miller

03/23/2018  1:46PM

Our office (Alleghany) lost all satellite internet service for two weeks less one day, today when it resumed. Northern California rural areas, the extreme rural spots like Alleghany do not have cell phone as well. The cause was the inaccurate disconnection from our provider, Hughesnet discontinued our address not the address it was ordered to turn off. A technician is necessary to make the reconnect on site.
Rae, Edda and I spent hours, many hours communication with voices all over the world to get it fixed to no avail. Among zero emails our website was silent.

I was in a grocery market in Oroville when its computer service went down. What a scene! Shoppers waited with full and partially filled baskets. The cash registers would not work. After about twenty minutes waiting everyone left and left our baskets. I was in the bank one time when its computers went down. Adios dinero!

Can you imagine the scene when this happens on a larger scale: no money exchange, no purchase of gas or food, a ruckus on every roadway.

Thank you for staying informed about our business in California’s greatest goldfield. We are somewhat backlogged and will knock away at keeping you UP TO DATE.
 By Michael Miller

02/13/2018  8:44AM

Why is the United States reliant on China and Russia for strategic minerals when we have more of these valuable resources than both these nations combined?

This has nothing to do with geological impediments. It is politics and business or more broadly, economics.

Rarely do I see a news report with this economic reality that is vital to America’s industries. The rapid decline in mining jeopardizes American security. The U.S. Geological Survey reports Americans are 100 percent import dependent for 20 critical and strategic minerals (not including each of the "rare earths"). It gets worse. America is reliant for another group of 30 key minerals. Who will sing for the miners? (I’ll tell you later how I asked Willie Nelson to sing for the miners as he sang for the cowboys).

This import dependency continues to grow as forces continue to misrepresent the effects of site specific regions where nature influenced our mineral wealth, our deposits. Why? Ignorance is blight against governmental and private planners to look to and anticipate future needs

The Trump administration is working to reverse decades of policies that have inhibited our ability to mine our own abundant resources; however Washington DC cannot solve this dilemma. When flying throughout the United States, I am always amazed at how much land resembles “open space”, even in the most populated state, California.

“No nation on the planet is more richly endowed with a treasure chest of these metals than the U.S. The U.S. Mining Association estimates there are more than $6 trillion in resources. We could easily add $50 billion of GDP every year through a smart mining policy” writes Stephen Moore. Stephen Moore (born February 16, 1960) is an American writer and economic policy analyst. He founded and served as president of the Club for Growth from 1999 to 2004. Moore is a former member of the Wall Street Journal editorial board.

Thank you, Mr. Moore. You have publicly addressed long standing, social and growing behaviors…IGNORANCE. My industry knows the extent and many reasons for America becoming a second rate resource country. I am less familiar with how the multinational corporations think but have close up and personal experiences for small mining operators.

Rare earth minerals are the seeds for building new technologies, and a strong case could be made that these strategic metals are the oil of the 21st century. Yet here in California an economic deposit of these vital multifaceted minerals has changed ownership under suspicious machinations.

Mr. Moore explains, “The suite of 15 primary minerals -- which the U.S. has in abundance domestically -- has been referred to as "the vitamins of chemistry." They exhibit unique attributes, such as magnetism, stability at extreme temperatures, and resistance to corrosion: properties that are keys to today's manufacturing. These rare earth elements are essential for military and civilian use for the production of high-performance permanent magnets, GPS guidance systems, satellite imaging and night vision equipment, flat screens, sunglasses and a myriad of other technology products.”

...

 

  
 
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