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It was actually up this morning on 100 shares. lol
stocks doing well.
Huh? We're talking about the ongoing BCSC trade halt. It's still in effect for this security, about which I was mistaken.
http://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&Names1=U.S.+Canadian+Minerals,+Inc.%0d%0a&XSL=SearchArticlesCompany
BCSC = BC Secutities Commission?
rbtree and okie why are you talking about another company on this board? What does BCSC have to do with Noble?
Is that not in violation of ihub rules?
Read between the lines. Okie will sell his stock for a profit.
Once he's done that he's gone. Now why would a supporter of this company's long term projection sell and leave?
If you felt so strong about a stock would you sell out?
Dear mods and ihub, please we are discussing USCN.
Like I said earlier. Read this very carefully and understand what it says.
Posted by: okie Date: Thursday, September 24, 2009 9:30:12 PM
In reply to: Stks_Not_Toys who wrote msg# 3490 Post # of 3497
What don't you like about it?
Do you disagree with it or agree with it.
As they should be considered stock plays most people are in them for a very short period of time.
Make money and move on to the next one.
Why would you have a problem with that.
Noble/USCN should not be treated any differently.
Oaks (aimho)
Well at least he admits to selling...
Posted by: okie Date: Sunday, September 27, 2009 4:01:19 PM
In reply to: bigbadjohn who wrote msg# 3539 Post # of 3558
I will probably keep a few shares..
long term just so I can stick around here...LOL
I would not want you to miss me!
Oaks
Does it show an MM on the bid? -- No!
It was a quote through TDAmeritrade
LOL silly pickle
that is the last bid / ask snapped right before it went to grey
it will always say that
there is no bid or ask on greys
Does it show an MM on bid and ask?
I don't have L2 these days.
Thanks.
Oaks
What's happening with the bid and ask is odd
USCN
Bid: 1.65
Ask: 2.50
Last: 0.99
Righto. I was mainly searching for info on another company, that apparently just had its temporary order removed, and got to the same page you were on. I think the bottom notice was just off the page. All I needed to do was scroll down. Sloppy.
looks to me like the Cease Trade Order is still active @ not canceled
RBTREE...
I typed in the exact name and it looks like it is still in effect:
http://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&XSL=SearchArticlesAdvanced&Attr3=1&IssuerPerson=*U.S.+Canadian+Minerals%2C+Inc.*&begins=on&x=23&y=15
Oaks (aimho)
Could not agree with you more!!!
I will probably keep a few shares..
long term just so I can stick around here...LOL
I would not want you to miss me!
Oaks
Very good news if this has been lifted..
Will have to find out first thing Monday.
IMO if the BCSC problem has been resolved, we should expect to see a new 15c-211 pretty quick.
Thanks Rbtree.
Oaks (aimho)
How do you know what Noble is doing...
have you called them?
Have you called the SEC and asked them?
Oaks
fwiw, the BCSC trade halt appears to have been lifted:
http://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&Attr7=1&Attr3=1&IssuerPerson=*US+Canadian+Minerals*&x=0&y=0&begins=on
USCN is a scam
seems to be ok
This is my only post that does not get deleted. I cannot post it twice in a day because that is against ihub rules, but I am allowed to repost as it pertains to this stock.
Read between the lines. Okie will sell his stock for a profit.
Once he's done that he's gone. Now why would a supporter of this company's long term projection sell and leave?
If you felt so strong about a stock would you sell out?
Dear mods and ihub, please we are discussing USCN.
Like I said earlier. Read this very carefully and understand what it says.
Posted by: okie Date: Thursday, September 24, 2009 9:30:12 PM
In reply to: Stks_Not_Toys who wrote msg# 3490 Post # of 3497
What don't you like about it?
Do you disagree with it or agree with it.
As they should be considered stock plays most people are in them for a very short period of time.
Make money and move on to the next one.
Why would you have a problem with that.
Noble/USCN should not be treated any differently.
Oaks (aimho)
Hence the thousands of pinks screwing investors by the minute day to day.
and the people buying this crap have been told over and over and over by the~
The bashers
The SEC
The news media
The main line Brokers
and anyone with any common sense
not to buy because you WILL GET screwed!
The people buying this type of trash like USCN and ignoring all the red flags and written warnings must take the blame for being the sucker - no one else
Why the suspense?
What company are you talking about?
the company is on the greys...congrats on that, there are unaccounatbility's all over the world!!! not just in the USA or Canada...again this company is garbage.
As for unaccountability in the american pinks I still believe.
As for 'your company got caught and lied and is a scam' I don't have a clue what you are talking about.
dont take a cheap shot at the USA, lol your company got caught and lied and is a scam, cheat and all the above this company sucks and deserves to be where it is...
Yes, junk everywhere ... but not total frauds, like this.
Agree 100%.
No such thing as accountability in the U.S. Hence the thousands of pinks screwing investors by the minute day to day.
So, if it isn't against the law, lying, cheating and stealing is A-OK? Do we Americans a favor and stay in Canada. And, while your at it, work/post only on stocks listed on the Canadian exchanges. Oh, thats right, I forgot, the type of stocks you work/post for aren't allowed in Canada. Oops!
Please, don't take this personally, but I've lobbied for years to get the SEC to issue two regs that would put you on the unemployment line:
1) The TA must make current share structure publicly available by 6:00PM EST, every market day.
2) No file, no trade, no exceptions. (BTW, thats full filings, Q, Ks, annuals and accredited audits)
IMO, Noble is not trying to fix anything, other than the public perception and the minimal amount necessary to slide by the SEC. Its all slight of hand; and it, i hope, is not going to work.
Sorry but that kind of justification falls way short. Two different types of investors.
We and many others play in this arena..
for the sole purpose of making money.
Let's go back to JDSU...
When it was crashing back in 2000, I bought it at $55. and sold it 5 days later at $65. Two weeks later JDSU was down to $20. and then it just kept falling. I made a profit and never gave a second thought to who might have bought my shares through the system when I sold them.
It is no different in the PINK arena. I am not responsible for anyone else who decides to buy USCN/Noble. I could just have easily bought more shares at $2.50 and now I would be pretty unhappy given the current circumstances and PPS.
It is hard enough making money in the market without taking on the responsibility of what others will do.
Oaks (aimho)
Read between the lines. Okie will sell his stock for a profit.
Once he's done that he's gone. Now why would a supporter of this company's long term projection sell and leave?
If you felt so strong about a stock would you sell out?
Dear mods and ihub, please we are discussing USCN.
Like I said earlier. Read this very carefully and understand what it says.
Posted by: okie Date: Thursday, September 24, 2009 9:30:12 PM
In reply to: Stks_Not_Toys who wrote msg# 3490 Post # of 3497
What don't you like about it?
Do you disagree with it or agree with it.
As they should be considered stock plays most people are in them for a very short period of time.
Make money and move on to the next one.
Why would you have a problem with that.
Noble/USCN should not be treated any differently.
Oaks (aimho)
Okie it is unfortunate that either a mod deleted the message or a mod complained to ihub to delete the message but I have responded. Unfortunately we cannot have a discussion on this board.
As the largest supporter of this stock on this board it is unfortunate that you say you will be here and gone as soon as you make your money.
To bad for all the bagholders that you convinced in your posts to purchase the stock, but as you say in your messages buyer beware.
It is too bad that posts get deleted so people cannot see it all but I guess that fits perfectly for this stock
aimo
Yep we have to wait for the next quarterly.
Alba..you and I know...
there is junk on every level of the markets.
Oaks
Then don't you think it is the..
responsibility of the SEC, etc. to get rid of Greys and Pinks that don't report and are not transparant?
The system allows this to happen when it happens. You post here trying to protect those so called innocent investors who don't know better. Perhaps you should focus writing to your congressman and getting him to change how things are done?
Up here in Canada if the company cannot stay compliant and report, then the stock is halted until it does. There is no "GREY" area up here in Canada.
Noble however, is reporting and trying to fix the mess they inherited.
Oaks (aimho)
While on the surface
your post seems legit. Unfortunately, the point you seem to miss, and why many take issue with you is that by putting a positive spin on what is blatently misleading in it's own right insenses those that have been burned and learned.
While one may "understand" these games and profit from them, it speaks volumes about one's integrity when participating in them don't you think? You and I both know that it's the investor of lesser understanding that pays the price in scams like USCN. Knowing this is what happens I don't understand how one can justify playing in this arena?
Can you explain this to me Andy?
A public company can only issue stock once and receive the money from the offering.
so Noble is dumping now because they weren't there to get any of the earlier share issuances and they merged into 0 cash?
this is interesting when explained properly
Noble will dump to get the one time cash into the company
I will wait for the 10k when they tell me they did it
or did they already?
Andy, that is not entirely correct.
These companies do not just sell stock once, they typically continue to dump shares during promo's by unscrupulous IRPs.
And, while the company only issue a particular share once, The CMKX scam evidenced how insiders could make money off those issued shares more than once.
I wonder what oakies cost basis is, if any. Knowing that will be most illuminating.
okie, there is no comparison. It is almost a certainty that you will lose money on the pinkys. As I said before, the only way to make money on 99.99% of the pinkys is for some other sucker to lose it. New York listed stocks and the pinkys do not even belong in the same discussion.
No, the trading volume isn't strictly from insiders. Insiders only sell while the newbie investor does the buying. Since when does the fact that potential investors don't know how the game is played, give you/anyone the right to lie, steal and cheat them? Its not like there is a Book of Hoyle on pink stocks that these people forgot to read. Given your attitude, I can only assume that if you were playing Poker with someone who didn't know the game, and he ended up with four Aces and you with four Deuces, you would declare your self the winner because 4X1 = 4; and 4X2 = 8.
The pink penny market is the same thing. The insiders make the rules, whatever rules they want, whenever they want.
Pantherj...one more thing on the subject..
if we all know trading these stocks is a mugs game, then why are there $millions of shares being bought and sold each and every day within the OTCBB, Pinks and Grey stocks?
My point earlier today when I posted up the list of forums for mineral related public companies is that not all of these companies are trying to scam the public investors. A public company can only issue stock once and receive the money from the offering. But, the stock can trade through the market place any number of times over time once it is issued. The company only benefits the first time and alot of the time they are using that money to further the business plan.
Noble is no different in this regard.
Oaks (aimho)
Pantherj...
Come on now. People can just as easily lose money on a New York listed stock.
When the dot coms crashed I watched JDSU go from over $100. to under $5.
With regard to Noble and USCN, there are any number of people who bought the stock from .15 to over $3. and many of those people made money and are not insiders. People come and go from these stocks every single day. Some win and some won't, but you and I know all the trading volume is not purely from insiders.
If potential investors don't know how the game is played then they should never play.
I don't know about your trading history but I have traded pennies for decades. For the most part I have done well, but there have also been some stinkers that I lost on. However, I never blame anyone other than myself if I make the wrong pic. Some are pump and dumps or momos or whatever you want to call them. I have seen promos on companies and when the company officials were contacted they had no idea why the PPS was moving up. There were many of these types of plays back in the late '90's and they seem to be coming back again this year. Obviously the group putting out the pick front end loads and sells into the momo. If you are going to play these you have to be in early and out early or YES you may get caught holding the bag. I sometimes play and if I make money I don't really spend alot of time worrying about the guy who didn't as he is not my responsibility.
USCN/Noble is only of interest to me because it is the only company to survive the CMKX days. Noble has nothing to do with those days, even if some here try to make it so. Some of the people involved with Noble appear to be questionable, hence any potential investor should be careful. However, it does not automatically make Noble a scam.
I want more info on Noble that will come from the next quarterly filing and hopefully a new 15c-211.
We can spend many an hour discussing a myriad of things wrong with the high risk markets. All depends on how bored we all get waiting on Noble...LOL
Cheers.
Oaks (aimho)
Okie, the problem with these stocks/USCN is that no one can make money unless somebody else loses money. Unlike investing in a real business that creates wealth, these stocks/USCN are a zero sum game. Almost always, its the insiders that make the money while the bag holders are left wondering what happened.
OK..we have all read it very carefully..
now what?
Is there a skill testing question?
Come one John, if you have something to say why not just say it.
Noble/USCN is all of those things.
However, it does not mean Noble is not legit.
But, Noble is certainly high risk and should be treated as such.
Oaks (aimho)
Like I said earlier. Read this very carefully and understand what it says.
Posted by: okie Date: Thursday, September 24, 2009 9:30:12 PM
In reply to: Stks_Not_Toys who wrote msg# 3490 Post # of 3497
What don't you like about it?
Do you disagree with it or agree with it.
As they should be considered stock plays most people are in them for a very short period of time.
Make money and move on to the next one.
Why would you have a problem with that.
Noble/USCN should not be treated any differently.
Oaks (aimho)
I already...
got my cost out.
Whatever happens with Noble/USCN, I will not lose any money.
Any intelligent person playing the high risk pennies will do exactly the same thing as early as possible.
Noble/USCN should be treated as nothing more than a stock play at this point.
Management has a long way to go before the company can be considered long term viable.
Oaks (aimho)
See we can agree on things..lol
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Full Name: U.S. Canadian Minerals Inc.
Industry: Metals / Mining
http://ih.advfn.com/p.php?pid=nmona&cb=1252987543&article=39455511&symbol=NO%5EUSCN
U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant | |
Date : | 09/14/2009 @ 11:42AM |
Source : | Business Wire |
U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant |
U.S. Canadian Minerals, Inc. (Pink Sheets:USCN) (the “Company”) announces that the Company’s wholly owned subsidiary, Noble Technologies Corp (“Noble”), has secured both a Building Permit and a temporary Business License from Storey County, Nevada (the “Permits”). The Permits allow Noble to commence the assembly of the equipment that is essential to the efficient execution of Noble’s business plan, specifically the processing, smelting and refining of precious and base metal ore bearing concentrates for third party mine owners and operators in the American southwest. The Permits require Noble to assemble the processing equipment on a basis which is consistent with the plans prepared and submitted by Noble and approved by the Storey County Building Department. The Permits are also subject to certain conditions cited by the Storey County Fire Department. Upon completion of the assembly on a basis consistent with Storey County permitting requirements and prior to the commencement of operations, Noble anticipates receipt of both a Certificate of Occupancy and a Business License from the County. In conjunction with this work, Mark Kersey, the Vice President and Chief Financial Officer of the Company, is working with Nevada State officials to secure the air quality, water, mining and mercury permits required for Noble’s 31,000 square foot processing plant to become fully operational. |
USCN is no longer HALTED, but are now Trading on the GREY Sheets.
Securities that are not listed on any stock exchange, the OTCBB, or the Pink Sheets are considered to be in the Grey Market. Transactions are processed independently and not centrally listed or quoted. Trades are reported to a Self Regulatory Organization (SRO) who then passes the data on to market data companies.
USCN has been halted by the SEC
Suspension of Trading Aug 12, 2009
Find out more at this link:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=uscn
The U.S. Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the Exchange Act), of trading in the securities of U.S. Canadian Minerals, Inc., of McCarran, NV, at 9:30 a.m. EDT on August 12, 2009, and terminating at 11:59 p.m. EDT on August 25, 2009.
The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals, Inc. because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals, Inc.’s liabilities, stock issuances, recent merger transaction, business prospects, and recently acquired purported assets.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not it has complied with the rule, it should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, it should refrain from entering quotations relating to U.S. Canadian Minerals, Inc.’s securities until such time as it has familiarized itself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should telephone the Los Angeles Regional Office at (323) 965-3962 or by email at USCN@sec.gov.
Brief Description of Activities:
USCN seeks out precious metals/mineral mining and production opportunities. Assets are located in North America. Preferred location for production opportunities is South America.
Company Website:
http://www.uscanadianmin.com/index.htm
Exchange: OTC BB
Symbol: USCN
CIK: 1104194
Fiscal Year End: December 31
Most Recent Financial Filing: 2009 March 31st 10-QSB
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6618264
Thomas E. Barton Chown, Dir., President
Mark Kersey, Secretary, Treasurer
Contact Information:
U.S. Canadian Minerals, Inc. 1280 Alexandria Court McCarran, NV 89434 http://www.uscanadianminerals.biz
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Highlighted Projects and Assets:
80% interest in the COD Mine in Arizona.
Key Agents:
Share Transfer Agent: Pacific Stock Transfer Company
Legal Counsel: The Otto Law Group PLLC
Independent Auditor: Sara Jenkins CPA Blackwing Group LLC
http://www.uscanadianmin.com/filings/COD_43_101_May30_09.pdf
COD Mine includes 13 BLM claims totaling 260 acres in Kingman AZ. These claims include 4 previous worked mines, COD, Rico, White Eagle and Gold and Copper. COD was discovered and worked since the 1880’s and last operated in the 1980’s. The mine has some 1.2 M tons of a proven, probable and possible resources exceeding $400M USD of in ground resources at today’s prices from the old reports. These resources are attributed from a single vein system from only the COD and Rico mine, as there are 7 additional known productive veins and 3 additional producing mines. There is also additionally an estimated 40,000 tons of above ground tailings resources
The COD mine has a 600 ft deep shaft and some 1700 ft of tunnels. Included is an extensive channeled chip sampling with assays and extensive maps from the previous operator.
The COD mine is a silver-gold mine with significant lead and zinc grades. The gold grade ranges from 5 to 7 grams per ton and the silver grade ranges from 8 to18 ounces per ton. The lead and zinc grades are approximately 3%. The previous estimation of $400M USD is based upon 9 previous NON-COMPLIANT NI. 43-101 geological studies and speaks only to the ore blocks encountered in the underground workings from the past producer in the 1980’s. The underground workings could be significantly expanded on the 260 acres controlled and vastly unexplored.
The vein system is well-defined, with little extension into the wallrock. Cross-fracturing and faulting strike along the schistosity of the area, producing considerable brecciation and the formation of high-grade ore shoots into the wallrock. The C.O.D. mineralization is a mesothermal polymetallic vein system associated with but on the outer edge of a porphyry copper-molybdenum mineralizing system whose core is recognized as the Mercator/ Mineral Park porphyry copper-molybdenum deposit. At C.O.D. gangue minerals are quartz, with minor calcite, siderite and other carbonate minerals. Ore minerals include gold, silver, pyrite (FeS2), arsenopyrite (FeAsS), chalcopyrite (CuFeS2), galena (PbS), bornite (C5FeS4), covellite (CuS), chalcocite (Cu2S), anglesite (PbSO4), sphalerite (ZnS), argentite (Ag2S), cerussite (PbCO3) and smithsonite (ZnCO3). This mineralization is both hypogene and supergene, with supergene activity producing sporadic oxide zones above the 400-foot Level.
The vein is well known as the "C.O.D. Vein". It strikes N. 85° W. And dips about 80° N., and is reported to be more than a mile in length and about 6 feet in average width. The gangue is mainly quartz, in which the ore occurs in shoots, and lenses which vary from1 to 7 feet in width and are mostly of considerable extent. The narrow shoots are said to be usually rich, and the wider ones contain large bodies of milling and concentrating ore. At the 250-foot level the ore shoot are reported to vary from 3 to 7 feet in width and its ore was averaged about $250 to the ton, back in1909 dollars.
The ore contains principally silver sulphide and gold, with some galena, zinc blend, and below the 250 foot level a Iittle chalcopyrite. It is said to be less rich in the sulphide zone in the lower part of the mine than in the oxide zone near the surface. Its run of mine, roughly computed from a record of the output from October 10, 1885, to March 6, 190 I, and is about as follows: Silver 160 ounces and gold 2 ounces to the ton; lead 12 to 20 per cent.
This information is a direct quote from Geological Report completed by F.C. Schrader, 1909
The most recent operations at the C.O.D. Mine were from 1979 until 1985.
Operations at the C.O.D. Mine were suspended in January 1985 again as a result of the depressed metal prices. From 1985 through 1991, the mine was kept in a standby position with the shaft being kept dewatered and surface facilities being maintained on a minimal basis.
The C.O.D. Mine was originally located about 1878, but it remained inactive for approximately seven years (Schrader, 1909). Schrader reported that the mine had been developed by a shaft to the 400-foot Level (120 m) below surface, and contained two main and two sub-level workings (drifts). The total amount of underground workings to 1909 was 2,500 feet (760 m). The original shaft is located 400 feet (120 m) east of the current main shaft as represented by the present headframe (Plate 2). The 300-foot Level (91 m) of the old shaft was reported to have been stoped to surface for approximately 400 feet (120 m) on either side of the original shaft. Beyond the stoping to the east it was reported (1909) that good ore was still in place. It was also reported that the 300-Level drift was extended to the west for 900 feet (274 m). A second shaft (now the main shaft), apparently also being developed at the time, was reported to be at a depth of 96 feet (29 m). By 1921 the current shaft was reported to be at 440 feet (134 m) below surface, and the 440 foot-Level had been extended to the west approximately 490 feet (149 m). It was extended a further 375 feet (114 m) to the west.
In 1969 the property was leased to Vernon Taylor of Kingman Silver Mines, Inc., and was extensively explored through to 1971. During this time the Main (new) shaft was repaired and deepened to the 640-foot (195 m) Level. The following is a table of work carried out during that time:
In 1979 Mr. Charles Porter acquired a sub-lease from Kingman Silver. This was shortly thereafter assigned to Newbery Resources, Inc. Very little work was carried out underground. Newbery was acquired by Alanco Environmental Resources Corporation from its parent Newbery Energy Corp., giving Alanco the rights to the property.
From that time until December of 1985 the mine was de-watered to below the 560-foot (171 m) depth and the main shaft was completely rehabilitated to the 550-foot (168 m) Level. This work included a new shaft collar, timbering, new headframe and hoist (Plate 2), all new track in the shaft and drifts, compressed air, fresh air, powerline, communication system, and waterline being installed. The work stations on the 400-foot and 500-foot levels were completely redone and new ore blocks were established. Two major stopes and one small stope, with ore shoots, were developed on the 500-foot Level. Production by Alanco in 1984 was approximately 2,600 tons of ore from a sub-level stope on the 400-foot Level and a stope from the 500-foot Level. Alanco reported the average grade of the ore to be 0.1092 oz/ton Au and 13.51 oz/ton silver. Geological mapping was carried out on the 500-foot Level, both east and west of the main shaft. Reconnaissance mapping was conducted on the surface. This is the only mapping carried out on the mine.
Schrader (1909) reported that 3,687 tons of ore were shipped to the smelter between 1885 and 1892. These shipments were reported to have contained 402,000 ounces of silver (Ag), 1,180 ounces of gold (Au), and 515,670 pounds of lead (Pb). This would give a grade of 109 oz/ton Ag, 0.32 oz/ton Au and 7% Pb. Additionally Schrader reported that between 1900 and 1902 330 tons of ore were shipped to the smelter, and that this ore contained 17,550 ounces of silver, 180 ounces of gold and 114, 360 pounds of lead. This would be the equivalent of a grade of 53.0 oz/ton Ag, 0.545 oz/ton Au and 17% Pb/ton.
The earliest reported mill at the C.O.D. Mine was in 1902. It was a 50 ton per day concentrating mill which operated for 6 months. The Economics Branch of the U.S. Bureau of Mines (Hale, 1963) reported production from the C.O.D. Mine from 1901 to 1948 to be 1,550 ounces of gold, 151,263 ounces of silver, 23,924 pounds of copper, 348,872 pounds of lead and 23,188 pounds of zinc. Construction of a new gravity mill was completed in 1982. All operations were suspended in 1985. The mine was put on a standby mode and the shaft was kept de-watered until 1990.
In late 1990 and early 1991 a considerable amount of damage to the shaft occurred from several heavy rain storms in the area. No further de-watering could be carried out and access to the mine was unavailable. As of 1994 the water level in the mine was at the 130 foot (40 m) depth. A small amount of use was being made of the gravity mill by a lessee since that time. Some vandalism has been carried out on the surface facilities by the time US-Canadian acquired the project in 2004.
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