SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K

(x)ANNAL REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2020
Commission File No. 001-10156

ORIGINAL SIXTEEN TO ONE MINE, INC.
(Exact name of registrant as specified in its charter)

CALIFORNIA              94-0735390
(State or other jurisdiction of     (I.R.S. Employer ID#)
incorporation or organization)

Post Office Box 909, Alleghany, CA 95910
(Address of principal executive offices)

(530) 287-3223
(Registrant's telephone number)
(including area code)

Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes [] No [x]

Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the act.
Yes [] No [x]

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports, and (2) has been subject to such filing
requirements for the past 90 days. Yes [] No [x]

Indicate by check mark whether the registrant has submitted
electronically on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T (232.405 of this chapter)
during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files).
Yes[] No[x]
?
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K (229.405 of this chapter)
is not contained herein, and will not be contained, to the best
of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form
10-K. Yes[x] No[]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated
filer, or a smaller reporting company. See the definitions of
"large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]        Accelerated filer [ ]

Non-accelerated filer [ ]     Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company
(as defined in rule 12b-d of the act). Yes [] No[x]

As of December 31, 2019, 14,390,631 shares of Common Stock, par
value $.033 per share, were issued and outstanding.

PART I

GENERAL NOTE

In accordance with directive from the Securities and Exchange
Commission(SEC) and Industry Guide 7, reference for all intent
and purposes stating the Company's employees as miners, its
properties as mines or its operation as mining does not diminish
the fact that the Company has no proven reserves; however, the
Company continues to produce gold over its 110 years of
operating its mines in the Alleghany Mining district. Proceeds
from the annual production for 2015 and 2016 realized profitable
years. Gold production in 2018 2019 and 2020 was minimal as
management directed the crew to begin a tough but significant
project December 2017: reestablish the 49 WINZE for mining. Work
continued through 2020, as planned. The 49 WINZE, access to the
deep levels of the Sixteen was abandoned in 2005. The winze is
the vital component for resuming profitable gold production on
established gold headings.
?
In addition, safe travel was secured and approve by the federal
regulatory agency known as MSHA in the winze to the 1700 foot
level. Another primary goal included lowering the water. As of
December 31, 2020, the water is 10 feet below the 1900 level.

During 2020, very little time was spent detecting for and mining
gold. With the prior profitable year, management decided to
place rehabilitation/maintenance ahead of mining for gold.
Operating capital came from inventory and recent production,
which were sold to preexisting markets.

In addition to significant underground improvements, relations
with federal and California regulators improved significantly
during 2020. California is known for active environmental
perspectives and advocates. Its reputation is global.
Significant progress continues towards achieving lawful and
reasonable interpretation of the Porter Cologne Act, the basis
of water administration.

SUBSEQUENT EVENTS

In 2021, the five year renewal of the Company was approved by
the Central Valley Regional Water Control Board.

The Board of Directors established a debt reduction plan to
reduce its liabilities to Company shares in 2020. The results
will be confirmed in the 2021 2nd Quarter 10Q.

JUDICIAL EVENT

In 2020, the Company and President were cited for four criminal
pollution violations. Neither authorized the placement of toxic
material in a pit prepared for a small amount of worthless
metal. The Company and President are currently defending the
allegations.

ITEM 1: BUSINESS

Description of Business

Original Sixteen to One Mine, Inc. (the Company) was
incorporated in 1911, in California. It mines gold on properties
it owns under fee simple grant deeds. The Alleghany Mining
District is about 65 miles northeast of the intersection of I-80
and California State Route 49.

More than 1,113,280 troy ounces of gold were produced. It is a
traditional, hard rock, underground mine. Miners create
horizontal levels at various elevations and raise into favorable
areas. Geology of the mineral deposit is well documented. Gold
is not distributed evenly within the quartz veins.
Concentrations of gold deposits are found scattered within the
veins called ore shoots. The Company has never declared reserves
according to industry definitions.

The Company from time to time focuses substantially all of its
resources on infrastructure development or maintenance. During
these periods little gold is mined. At other times, miners
primarily work for gold. Business is subjected to cycles. The
operation resembles the classical "boom or bust" cycles
regardless of outside influences.

For accounting purposes gold revenues are accrued when the metal
is recovered. For tax purposes revenues are not recognized until
gold is sold. Rare high-grade gold and quartz is sold at a
premium to museums, collectors and jewelry manufacturers. This
market creates a significant financial event with revenues
significantly greater than prevailing spot price. Demand for the
Sixteen to One gold quartz is greater than the current supply.

Supplies and equipment used for mining are commonly available.
Labor requirements are available, and are a concern throughout
the mining industry.

No particular seasonality exists for the marketing of gold.
Adverse effects of winter storms sometimes limit the ability of
the crew to access the mine. Company is in compliance with all
applicable federal, state and local laws and regulations
relating to the environment.

The Company's executive office is located at 527 Miners Street,
Alleghany, California 95910. It maintains two websites:
origsix.com and original16to1.com.

ITEM 1A RISK FACTORS

(a) Price of Gold

The daily spot price of gold has no financial effect on gross
revenue if it's between $1,700 and $1,800 an ounce. A
significant drop below $1,700 may have an adverse effect on the
Company's revenue. Closing spot price on December 31, 2020, was
$1,803.28. The Company's realized gold inventory usually exceeds
the bullion price.

(b) Lack of Proven Reserves

Because proven reserves are not utilized as a component for
evaluating future earnings or assets, a sense of uncertainty is
perceived. Caution is recommended when using the doctrines of
reserves as an economic tool for evaluating. While (i) the
Company has recovered over one million ounces of gold and (ii)
management knows that substantial additional virgin veins
exists, it has no ability to measure potential gold production
using the mathematical tools generally recognized in the mining
industry. The Company knows visible gold shows in three
locations on the 2400 foot level.

(c) Governmental Regulation

The attached financial statements have not been audited by a
Securities Exchange Commission (SEC) accounting firm. Therefore,
the Company is not in full compliance with this SEC regulation
for companies listed on an exchange.

The Company is in compliance with all known safety and
environmental standards and regulations.

(d) Liquidity

Gold inventory is highly liquid.

(e) Price of Stock

Bids and offers are publicly recorded on the stock page of the
Company's web site. Exposure is limited. The price of stock may
not accurately reflect fair market value because of the limited
marketplace and the existence of a wild Gray Market. The Company
currently maintains no program to support or promote its stock.

ITEM 2: PROPERTIES

Properties

Sixteen to One Mine was located in 1896, incorporated into
Original Sixteen to One Mine, Inc. in 1911. Properties acquired
prior to 1925 are carried on the Company's books at their
original purchase price and are fully amortized through
depletion.

In 1999, the Company acquired the Plumbago mine in the Alleghany
Mining District, which is located two miles southeast of the
Sixteen to One mine. The property has a history of rich gold
production. The Company will pursue the potential within this
property when funding becomes available for development.

On June 22, 2005, the Company acquired the Gold Crown mine. The
Board of Directors decided that it is a long-term investment and
important to the long-term welfare of the Company.

The Alleghany properties consist of 26 patented claims (470
acres), 160 acres of mineral rights on patented claims and
approximately 320 acres of unpatented claims. The following
table sets forth further information with respect to the
Company's mining claims.

PATENTED MINING CLAIMS OWNED 100% BY THE COMPANY

NAME OF CLAIM            NAME OF CLAIM
Belmont				Rainbow Fraction
Number Three         	Twenty-One
Eclipse Quartz           Eclipse Extension
Tightner Extension       Contract
Alene             		Valentine
Red Star           		Bartlett
Farnham Gold Quartz Mine Belmont #2
Contract Extension       Hanley Quartz Mine
Noble             		Sixteen to One
Groves Gold Quartz Mine  Denver
Happy Jack Extension     Ophir
Rainbow Extension       	Happy Jack
Marion Lode          	Sphoon



UNPATENTED CLAIMS

NAME OF CLAIM       	NAME OF CLAIM

Alice           		Alice Annex
General Sherman N.Ext.   Jumbo
No Better         	 	No Better Ext.
Right Place        		Wonder #1
Wonder #2         		Wonder Goldmines MS
Tightner #2 Lode     	Tightner #3 Lode
Tightner #4 Lode     	Tightner #5 Lode
Tightner #6 Lode     	Alene Ext. Quartz
Bartlett Ext. Quartz   	Illocano Quartz
East Bartlett Lode    	Bal Quartz
Standard Lode        	Standard Lode Extension
Gold Beater Lode     	Clute Lode
Hope Extension Lode  	Crafts Lode
Plumbago Mine Mill Site  Enterprise Quartz


ITEM 3: LEGAL PROCEEDINGS

See subsequent events on page 3

ITEM 4 MINE SAFETY DISCLOSURES

For the twelve-month period ended December 31, 2020, no
citations were issued by the Mine Health and Safety
Administration (MSHA).

PART II

ITEM 5: MARKET FOR THE REGISTRANT'S COMMON EQUITY
AND RELATED STOCKHOLDER MATTERS

Market Information

Currently there is no public marketplace for the Company's
common stock. Data from 2013 through 2020 is based upon activity
on the X-Mart posted on the Company's web-site.

1st Quarter   2nd Quarter   3rd Quarter    4th Quarter
High  Low      High  Low     High  Low      High  Low
------ -----  ------ -----  ------ -----  ------ -----
2020   NO TRADES ON XMART FOR 2020
2019   NO TRADES ON XMART FOR 2019
2018   NO TRADES ON XMART FOR 2018
2017  $ .52  $ .52 $  *  $ *  $ .49 $ .49  $ .49  $ .49
2016   *       *      *    *    *     *      .52    .52
2015   *       *     .44   .44  .56   .56    *      *
2014   *       *     .46   .54  *     *      .42    .42
2013   .89     .89   .86   .65  *     *      *      *

* No trades took place on the Company website in these quarters.

ITEM 6: SELECTED FINANCIAL DATA

Year		 2020	       2019	   2018	      2017		   2016
            ----        ----        ----          ----         ----
Sales        90,225    228,286      204,570     287,212      1,452,169
Income(loss)(173,578) (230,933)    (359,736)   (429,965)       610,160
Income(loss)
per share     (.012)   (.016)       (.025)       (.03)           .04
Total Assets 718,555   707,948     862,814     1,127,813     1,537,443
Total Liab.2,245,939  2,230,279  2,152,912     2,062,927     2,042,593
SH Equity  (1,527,384) (1,522,331)(1,290,098)    (935,114)    (505,150)

ITEM 7: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATION

Balance Sheet

Original Sixteen to One Mine, Inc. is a distinct company. It is
the only operating company of its kind remaining in the United
States. Management knows the assets of the Company are
understated due to the age of acquisition. Exploration and
development expenses are not capitalized. The Company celebrated
its 100-year anniversary on Oct. 9, 2011. It is the oldest gold
mining corporation in the United States. Gold inventory is
recorded at spot price despite proven additional value.

No value is recorded on the balance sheet for timber. The
company owns 470 acres of prime forested timberland. No value is
recorded on the balance sheet for the Company owned water-
rights. Reduced value is recorded on the balance sheet for
buildings, equipment and land. No value is recorded on the
balance sheet for marketable aggregate and decorative stone
currently stockpiled. No value is recorded on the balance sheet
for goodwill. Fixed assets are recorded at historic cost less
depreciation.

(A) Comparisons of 2020 with 2019.

Balance Sheet Comparisons

Assets:

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, cash increased by
$17,389 (392%) due to cash flow variations. Accounts receivable
increased by $250 (.5%).

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019 inventory increased by
$3,734 (1.2%) due to changes in mining objectives in 2020 and
sales of inventory to fund operations.



Liabilities:

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, accounts payable
decreased by $18,821 as the company relied on loans to finance
the operation.

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, notes due related
parties increased by $89,200 (200%) due to a combination of
additional loans and interest expense.

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, long-term notes
decreased by $50,864 (25%) as a result of scheduled payments.

Statement of Operations

Income:

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, revenue decreased by
$138,061 (60%) primarily due to a reduction in mining and
increase in maintenance.

Operating Expenses:

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, operating expenses
decreased overall by $176,629 (40%) due to reduced operations in
2020.

Other Income and Expense:

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, other income increased
by $2,000 (71%) due to more rent collected on a company house.

For the one-year period ended December 31, 2020, compared to the
one-year period ended December 31, 2019, other expenses
decreased by $16,784 (100%)primarily due to a reconciliation of
the stock account that was needed due to a discrepancy
accumulated by years of rounding.(par value $0.033)

The company showed a loss of $173,578 in 2020 compared to a loss
of $230,933 in 2019. The $57,355 (25%) difference is primarily
due to lower operating costs and reduced operations in 2020
compared to 2019. The basic and diluted loss per share was
(.012) in 2020 compared to (.016) in 2019. The number of shares
used for the 2020 calculation was 14,390,631 and the number of
shares for the 2019 calculation was 14,342,097.


(A) Comparisons of 2019 with 2018.

Balance Sheet Comparisons

Assets:

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, cash increased by
$1,137 (34%) due to cash flow variations. Accounts receivable
decreased by $10,651 (16%).

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, inventory decreased by
$123,638 (29%) due to changes in mining objectives in 2019 and
sales of inventory to fund operations.

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, equipment increased by
$3,450 due to the purchase of a pump.


Liabilities:

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, accounts payable
increased by $68,159 as the company relied on credit to finance
the operation.

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, notes due related
parties increased by $18,439 (7%) due to a combination of
additional loans and interest expense.

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, long-term notes
decreased by $9,231 (8%) as a result of scheduled payments with
no new loans taken out.

Statement of Operations

Income:

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, revenue increased by
$23,716 (11%) primarily due to increased gold sales in 2019.

Operating Expenses:

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, operating expenses
decreased overall by $90,608 (17%) due to reduced operations in
2019.

Other Income and Expense:

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, other income decreased
by $1,795 (39%) due to less rent collected on a company house.

For the one-year period ended December 31, 2019, compared to the
one-year period ended December 31, 2018, other expenses
decreased by $16,274 (50%)primarily due to a reconciliation of
the stock account that was needed due to a discrepancy
accumulated by years of rounding.(par value $0.033)

The company showed a loss of $230,933 in 2019 compared to a loss
of $359,736 in 2018. The $128,803 (36%) difference is primarily
due to lower operating costs in 2019 as the result of reduced
operations compared to 2018. The basic and diluted loss per
share was (.016) in 2019 compared to (.025) in 2018. The number
of shares used for the 2019 calculation was 14,390,631 and the
number of shares for the 2018 calculation was 14,342,097.


ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK

From time to time the Company may make written and oral forward-
looking statements about matters that involve risks and
uncertainties that could cause actual results to differ
materially from projected results. Important factors that could
cause actual results to differ materially include, among others:

- Fluctuations in the market prices of gold
- General domestic and international economic and political
conditions
- Unexpected geological conditions or rock stability conditions
resulting in cave-ins, flooding, rock-bursts or rock slides
- Difficulties associated with managing complex operations in
remote areas
- Unanticipated milling and other processing problems
- The speculative nature of mineral exploration
- Environmental risks
- Changes in laws and government regulations, including those
relating to taxes and the environment
- The availability and timing of necessary governmental permits
and approval relating to operations, expansion of operations,
and financing of operations
- Fluctuations in interest rates and other adverse financial
market conditions
- Labor relations
- Accidents
- Unusual weather or operating conditions
- Force majeure events

These factors are beyond the Company's ability to control or
predict. Investors are cautioned not to place undue reliance on
forward-looking statements.  The Company will update its
forward-looking statements, whether as a result of receiving new
information, the occurrence of future events or otherwise if
significant.

ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The unaudited financial statements of the Company are attached
at the end of this document.

ITEM 9: CONTROLS AND PROCEDURES

Security procedures include multiple levels of gold custody,
from the mine to sales. Inventory control procedures were set up
by an SEC certified auditing firm and continue to be followed.

PART III

ITEM 10: DIRECTORS AND EXECUTIVE OFFICERS OF REGISTRANT

Officers and Directors

The following table sets forth the Officers and Directors of the
Company. The directors listed below will serve until the next
annual shareholders meeting to be held on August 31, 2019. All
of the officers of the Company serve at the pleasure of the
Board of Directors.

Name        Age      Position       Officer Since      Director Since

Michael M.
Miller       78      President               1983                1977
                    & Director

Hugh Daniel
O'Neill      78      Secretary               2016                2002
                    & Director

Robert Beso  69      Treasurer               2016                2016
                    & Director


Michael M. Miller-Director, President and CEO

As President and Chief Executive Officer, Mr. Miller is
responsible for the day-to-day operations of the Company. In
1975, Mr. Miller became the sole proprietor of Morning Glory
Gold Mines. Prior to that, he was self-employed in Santa Barbara
County, California from 1965 to 1974. Mr. Miller served as a
trustee and President of the Sierra County Board of Education
(1979 to 1983 trustee) (President in 1983). In 1991 he was
appointed a member of the Sierra County Planning Commission
(Chairman in 1992, 1993, 1999 and 2000) until 2001. Mr. Miller
is licensed as a California Class A general engineering
contractor. He was a member of the American Institute of Mining
Engineers. In 1965, Mr. Miller received a B.A. from the
University of California at Santa Barbara in combined Social
Sciences-Economics. He was born in Sacramento, California.


Hugh Daniel O'Neill III ~ Director, Secretary

Mr. O'Neill was born April 21, 1942 at a naval base in Virginia.
He was raised in seventeen states over a fourteen-year period,
settling in Nevada City, California. He attended the University
of San Francisco, where he created Odd Bodkins in 1961. The San
Francisco Chronicle syndicated Odd Bodkins in 1963 making Mr.
O'Neill the youngest cartoonist ever hired by a national
syndicate. It was published in 350 newspapers. At its peak
readership was 50 million daily. Dan is an historian, an
accomplished journalist and a former War Correspondent.

Robert Beso ~ Director, Treasurer

Robert John Besso was born in Sacramento. Just out of high
school, he drew draft # 32 but joined the US Army 101st Airborne
Division where he was assigned to tanks. Once in Vietnam he was
promoted to Sargent at age 19 and took POINT for nine months. In
1971 he was decorated with two bronze stars (combat infantry
badges): oak leaf cluster and V for valor. He earned Soldier of
the Month and was the personal body guard for Officer Coast.  He
declined the offer to continue his military career at West Point
and almost died from malaria. He returned to California
attending American River College and El Camino College.

Robert decided to cut hair which he has done for thirty-eight
years. He has continued to serve our country with 25 years
working with Alcoholics Anonymous, Jail and Prison inmates, Boys
Ranch and Teen Substance addiction groups. He has and continues
to take "point" to protect the things that he values. "Like
farmers and ranchers, the miners have value. The Sixteen to One
is a reality and will work to reduce the ignorance about
mining."

ITEM 11: EXECUTIVE COMPENSATION

Name/
Principal              Annual
Position        Year   Salary   Bonus  Compensation  Securities
---------    ------ ------  ----- ------------ ----------
Michael Miller/ 2020 $ 60,000    0         0     		  0
President & CEO 2019 $ 60,000    0         0      	  0
                2018 $ 60,000    0         0             0


ITEM 12: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT

Security Ownership of Certain Beneficial Owners and Management

Title of    Name and Address      Amount and Nature      Percent
Class      of Beneficial Owner   of Beneficial Owner    of Class
-------     -------------------  -------------------    --------
Common     Michael M. Miller          2,123,597             15%
           Officer and Director
           P.O. Box 941
           Alleghany, CA 95910

Common     M. Blair Hull              1,962,822             14%
           Hull Trading Co.
           401 So. LaSalle, Ste. 505
           Chicago, IL 60605

Common     Kathy N. Hull              1,490,250             10%
           11 Sierra Ave.
           Piedmont, CA 94611


Common     Charles I. Brown
           Family Partnership LTD        833,668             6%
           29922 N 133rd Lane
           Peoria, CO 85383

Common     Hugh Daniel O'Neill           143,077              1%
           Director - Secretary
           227 Prospect St.
           Nevada City, CA 95959


Common     Robert Beso                     7,500             .1%
           Director - Treasurer
           PO Box 909
           Alleghany, CA 95910


Common     All Officers & Directors     2,274,174            16%
          (as a group)


ITEM 13: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

See notes to financial statements.

ITEM 14: PRINCIPLE ACCOUNTING FEES AND SERVICES

Due to monetary constraints, the Company has not hired a SEC
certified CPA firm for several years. Most accounting functions
are performed by the Company in-house with the exception of the
depreciation schedule and tax returns which are handled by
outside CPA firms.

PART IV

ITEM 15: UNAUDITED FINANCIAL STATEMENTS

In the opinion of management, the financial statements contain
all adjustments (consisting only of normal recurring accruals)
necessary to present fairly the Company's financial position at
December 31, 2020, and December 31, 2019, the results of
operations and cash flows for the twelve-month periods ended
December 30, 2018, 2019 and 2020. The unaudited financial
statements have been prepared in accordance with Generally
Accepted Accounting Principles.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused
this Annual Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


ORIGINAL SIXTEEN TO ONE MINE, INC.
Registrant

By:
Michael M. Miller
President and Director
Date June 10, 2021



?
Original Sixteen to One Mine, Inc.
Condensed Balance Sheet

                           December 31, 2020 & December 31, 2019


ASSETS
                                               2020         2019
Current Assets
Cash                                        $ 21,822     $ 4,433
Accounts receivable                           55,775      56,525
Inventory (see Note 1)                       309,425     305,691
Other current assets                            -           -
                                              -------    -------
Total current assets                         387,022     366,649
                                              -------    -------

Mining Property
Real estate and property rights
net of depletion of $524,145                 230,401     230,401
Mineral property                              47,976      47,976
                                               -------   -------
Total Mining Property (see Note 2)           278,377     278,377
                                               -------   -------

Fixed Assets at Cost
Equipment                                    597,602     597,602
Buildings                                    209,487     209,487
Vehicles                                     168,925     168,925
                                            ---------  ---------
Total fixed assets at cost                   976,014     976,014
                                            ---------  ---------
Less accumulated depreciation               (937,727)  (927,961)
                                         ----------- -----------
Net fixed assets                              38,287      48,053
                                         ----------- -----------

Other Assets
Bonds and misc. deposits                      14,869      14,869
                                             ---------   -------

Total Assets                               $ 718,555   $ 707,948
                                          ==========  ==========

?
Original sixteen to One Mine, Inc.
Condensed Balance Sheet Continued

LIABILITIES & STOCKHOLDERS' EQUITY
                                               2020         2019
Current Liabilities
Accounts payable
& accrued expenses (see Note 3)         $ 1,323,897    1,342,718
Due to related party (see Note 4)           286,248      247,911
Notes payable Short-term (see Note 6)       538,558      538,558
                                           ---------     -------
Total Current Liabilities                 2,148,703    2,129,187
                                            --------     -------

Long Term Liabilities
Notes payable due
after one year (see Note 7)                  97,236      101,092
                                            ----------  --------
Total Liabilities                         2,245,939    2,230,279
                                            ---------- ---------

Stockholders' Equity
Capital stock, par value $.033:
30,000,000 shares authorized:
14,390,631 issued and outstanding
as of Dec. 31, 2019 & 14,342,097
as of Dec. 31, 2018(see Note 8)              474,891     474,891
Additional paid-in capital                 2,222,892   2,221,290
(Accumulated deficit) Retained earnings  (4,225,167) (4,218,512)
                                       ------------  -----------
Total Stockholders' Equity              (1,527,384)  (1,522,331)
                                       ------------  -----------

Total Liabilities and
Stockholders' Equity                      $ 718,555    $707,948
                                       ============ ============







?
Original Sixteen to One Mine, Inc.
Statement of Operations
                                     2020       2019        2018
Revenues:
Gold & jewelry sales                90,225    228,286    156,570
Other Income                           -         -        48,000
                                  ---------   --------   -------
-
Total Revenues                      90,225    228,286    204,570

Operating expenses:
Salaries and wages                  58,024    60,000      60,000
Contract Labor                      51,234   163,855     239,601
Utilities                           72,502    85,829      87,178
Taxes - property & payroll          19,754    18,028      17,584
Insurance                            3,363     5,275       4,755
Supplies                             4,259    17,560      20,608
Small equipment & repairs            7,288     9,981       9,240
Drayage                              6,451    15,993      20,610
Corporate expense                   12,975    11,767       9,317
Legal and compliance                17,586    15,652      13,577
Mine Maintenance                     2,434    14,111      22,024
Depreciation & amortization          9,767    18,573      25,371
Other expenses                       2,166     7,811       5,178
                                   --------  --------   --------
Total operating expenses           267,803    444,435    535,043

Profit (Loss) from operations     (177,578)  (216,149) (330,473)

Other Income & (Expense):
Other Income                          4,800     2,800     4,595
Interest Expense                        -     (15,277)  (27,594)
Other expense                           -      (1,507)   (5,464)
                                  ---------  --------  ---------
Total Other Income (Expense)          4,800   (13,984)  (28,463)

Profit (Loss) before taxes         (172,778) (230,133) (358,936)

Provision for income taxes              800       800       800

Net (loss) income             $    (173,578) (230,933) (359,736)
                                ========== ==========  =========
Basic and diluted gain (loss) per
share                                $(.012)   $(.016)   $(.025)

Shares used in the calculation of
net(loss) income per share      14,390,631 14,390,631 14,342,097
                                ==========  =========  =========
?
Original Sixteen to One Mine, Inc.
Statement of Cash Flow
For the Years Ended December 31,
                                      2020      2019     2018

Cash Flows From Operating Activities:
Net profit (loss)             $     (173,578) (230,933)(359,736)
Operating activities:
Depreciation and amortization          9,767   18,573    25,371
Decrease(Increase)
in accounts receivable                   750   29,501    12,742
Decrease(Increase) in inventory       (3,734) 123,638   222,899
(Decrease) Increase in
accounts payable accrued expenses     34,442   66,859    77,533
(Decrease) Increase in
related party loans                   38,336    (411)    28,590
(Decrease) Increase in
short-term notes                         -        -       1,282
                                      -------- ------- ---------

Net cash (used) provided by
operating activities                 (94,017)   7,227     8,681

Cash Flows From Investing Activities:
Sale (Purchase) of Real Estate            -       -         -
Write-off (Purchase) of fixed assets      -    (3,450)     596
Decrease (Increase)
Bonds Misc. deposits                      -     6,591       -
                                     --------- -------- --------
Net cash (used) provided by
investing activities                      -     3,141      596

Cash Flows From Financing Activities
Increase (Decrease) notes payable    111,406  (9,231)  (17,420)
Proceeds from sale of common stock       -        -      4,453
Paid in Capital from Shareholders        -        -        -
                                    --------   -------- --------
Net cash provided (used) by
financing activities                 111,406  (9,231)  (12,967)

(Decrease)increase in cash            17,389   1,137    (3,690)
Cash, beginning of period              4,433   3,296     6,986
------  -------  --------
Cash, end of period                 $ 21,822   4,433     3,296
                                    ========= ========= ========

?
NOTES TO THE FINANCIAL STATEMENTS

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business: Original Sixteen to One Mine, Inc. (the
Company) was incorporated in 1911 and is actively involved in
operating a gold mine in Alleghany, California. In accordance
with directive from the Securities and Exchange Commission
(SEC)and Industry Guide 7, reference for all intent and purposes
to the Company's employees as miners, its properties as mines or
its operation as mining does not diminish the fact that the
Company has no proven reserves and is in the "exploration state"
as defined in Guide 7(a)(4)(iii).

Inventory: Inventory consists of gold bullion, specimens and
jewelry. Gold bullion and specimens are quoted at the market
price for gold bullion. Jewelry is quoted at the market price
for the gold content plus labor cost. Inventory is accounted for
using the Average Cost method due to the limitations of the
Company's accounting software. Valuation adjustments to account
for changes in the price of gold are made quarterly.

Fixed Assets: Fixed assets are stated at historical cost.
Depreciation is calculated using straight-line and accelerated
methods over the following useful lives: Vehicles 3 to 5 years,
Equipment 5 to 7 years, Buildings 18 to 31.5 years.

Depletion Policy: Because of the geological formation in the
Alleghany Mining District, estimates of ore reserves cannot be
calculated. Accordingly, a cost per unit depletion factor cannot
be determined. Should estimates of ore reserves become
available, the units of production method of depletion will be
used. Until such time, no depletion deduction will be recorded.

Revenue Recognition: As it is mined, gold is recorded in
inventory and revenue is recognized using quoted market prices
for gold. For income tax purposes revenues are not recognized
until the gold is sold.

Use of Estimates: The preparation of financial statements in
conformity with generally accepted accounting principles
requires management to make estimates and assumptions. These
estimates and assumptions affect the reported amounts of assets
and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting
period. Actual results could differ from these estimates.
?
2. PROPERTY

The company's original property is carried at the 1924 value of
$628,662 and has been fully amortized through depletion charges
of $524,145. Other properties included in the "real estate and
property rights" category are a lot purchased in 1984 for
$1,000, Surface rights purchased at the townsite auction in 1996
for $76,574 and $48,310 for the Sphoon Mine which is patented
property included with the purchase of the Gold Crown Mine in
2005. The category "mineral property" includes the Plumbago Mine
which was exchanged for 50,000 shares of restricted stock in
1999.

3. ACCOUNTS PAYABLE & ACCRUED EXPENSES

Accounts payable and accrued expenses was $1,323,897 at December
31, 2020. This balance includes $867,823 in accrued wages owed
to Michael Miller. Mr. Miller's salary has been mostly accrued
(not paid) for over ten years and is secured with real estate.

4. NOTES PAYABLE RELATED PARTIES

Notes payable related parties at December 31, 2020, of $286,248
consists of a loan from a shareholder in the amount of $152,594
secured by gold and $133,654 owed to Michael Miller.

5. RELATED PARTY TRANSACTIONS

None

6. NOTES PAYABLE SHORT-TERM
Notes payable short-term of $538,558 at December 31, 2020
consists of a $500,000 interest-free line of credit as well as
accrued interest on a previous loan. There is no specific due
date on these loans which are convertible to stock at $1.00 per
share.

7. NOTES PAYABLE

Notes payable due after one-year totaling $97,236 consists of
the balance remaining on the mortgage for the Gold Crown Mine of
$97,236.

8. STOCK

Capital authorized: 30,000,000 non-assessable shares of common
stock, par value $.033. Issued and outstanding: 14,390,631
shares of common stock. With approx. 3 Million of the total
restricted. Restricted common stock cannot be sold within two
years of the issuance date. After the required holding period,
the shareholder can take steps to remove the indicated
restriction.

7