SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, D.C.  20549


                                     FORM 10-QSB



                      QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                        OF THE SECURITIES EXCHANGE ACT OF 1934



   For the Quarter Ended March 31, 2007       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 Identification No.)
        incorporated 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 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 past 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirement for the past 90 days.

                        Yes:  x                     No:



As of March 31, 2007, 12,890,204 shares of Common Stock, par value $.03 per
share, were issued and outstanding.

<page>


                                   PART I

1.  FINANCIAL INFORMATION

                        Original Sixteen to One Mine, Inc.
                              Condensed Balance Sheet
                     March 31, 2007 and December 31, 2006

                                    March 31, 2007       December 31, 2006
ASSETS

Current Assets
   Cash                                  $    2,125              $   1,222
   Accounts receivable                        1,290                    -
   Inventory                                685,649                749,009
   Other current assets                         611                  1,103
                                         ----------             ----------
     Total current assets                   689,675                751,334
                                         ----------             ----------

Mining Property
   Real estate and property rights
      net of depletion of $524,145          218,287                218,287
   Real estate and mineral property         500,707                500,707
                                         ----------             ----------
                                            718,994                718,994
                                         ----------             ----------
Fixed Assets at Cost
   Equipment                                982,515                982,515
   Buildings                                209,487                209,487
   Vehicles                                 255,128                255,128
                                         ----------             ----------
                                          1,447,130              1,447,130
Less accumulated depreciation            (1,306,450)            (1,301,126)
                                         ----------             ----------
     Net fixed assets                       140,680                146,004
                                         ----------             ----------
Other Assets
   Bonds and misc. deposits                  16,185                 16,185
                                         ----------             ----------

     Total Assets                        $1,565,534             $1,632,517
                                         ==========             ==========

LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable &
      accrued expenses                      243,991                237,947
Due to related party                        579,270                489,893
Notes payable due within one year           429,339                428,830
                                         ----------             ----------
     Total Current Liabilities            1,252,600              1,156,670
                                         ----------             ----------
Long Term Liabilities
   Notes payable due after one year         73,998                81,527
                                         ----------             ----------
     Total Liabilities                    1,326,598              1,238,197
                                         ----------             ----------

Stockholders' Equity
   Capital stock, par value $.03:
     30,000,000 shares authorized:
     12,867,250 shares issued and
     outstanding as of March 31, 2005 and
     December 31, 2004                      425,377                425,377
   Additional paid-in capital             1,898,317              1,898,317
   (Accumulated deficit)
      retained earnings                  (2,084,758)           (1,929,374)
                                         ----------             ----------
     Total Stockholders' Equity             238,936                394,320
                                         ----------             ----------
Total Liabilities and
  Stockholders' Equity                   $1,565,534             $1,632,517
                                         ==========             ==========

                              See Accompanying Notes

<page>

                         Original Sixteen to One Mine, Inc.
                     Statement of Operations and Retained Earnings
                Three Months Ended March 31, 2007 and March 31, 2006

                             Three Months Ending March 31,
                                      2007            2006
                                    ------          ------
Revenues:
  Gold & jewelry sales            $  126,019  $    175,840
                                   -----------   -----------
     Total revenues                  126,019       175,840
                                 -----------   -----------
Operating expenses:
  Salaries and wages                  19,336        17,957
  Contract Labor                     153,887        75,914
  Telephone & utilities               17,623         8,858
  Taxes - property & payroll           8,759         8,004
  Insurance                              492           492
  Supplies                            13,859         3,911
  Small equipment & repairs           13,172           428
  Drayage                             11,577        12,426
  Corporate expenses                   1,000         1,000
  Compliance/safety                    3,060         2,485
  Legal and accounting                 1,517         2,080
  Depreciation & amortization          5,324        10,890
  Other expenses                       6,910         3,419
                                   ----------   ----------
  Total operating expenses           256,516       147,864
                                 ----------    ----------
  Profit (Loss) from operations    (130,497)       27,976

Other Income & (Expense):
  Other Income (expense)            (24,087)      (14,567)
                                 ----------    -----------
Profit (Loss) before taxes         (154,584)        13,409
                                 ----------    -----------
Income Tax Benefit                      800
Net Profit (Loss)             $    (155,384)   $    13,409
                               ============    ===========

Basic and diluted (Loss)
   Gain per share            $         (.01)   $    .001
                                 ============    ============
Shares used in the
   calculation of net
   loss income per share           12,890,204    12,867,250
                                 ============    ===========


                              See Accompanying Notes

<page>


                      Original Sixteen to One Mine, Inc.
                           Statement of Cash Flows
         Three Months Ended March 31, 2007 and March 31, 2006

                                              Three Months Ended March 31,
                                               2007                   2006
                                         --------------         --------------
Cash Flows From Operating Activities:

Net profit (loss)                       $        (155,384)         $    13,409
  operating activities:
     Depreciation and amortization                   5,324              10,890
     (Increase)Decrease in
        accounts receivable                         (1,290)             (1,689)
     Decrease(Increase) in inventory                 63,360            (70,091)
     (Increase)Decrease in other
       current assets                                   492                 492
     (Decrease) increase in accounts payable
       and accrued expenses                           6,044            (5,808)
    (Decrease) increase in short term notes          89,886             72,440

                                            ------------            ----------
  Net cash (used) provided by
     operating activities                            8,432              19,643
                                             ------------           -----------

Cash Flows From Investing Activities:

  Purchase of fixed assets                            -                -
  Other assets bonds misc. deposits                  -                 -
                                             -------------         -----------

  Net cash (used) provided by
    investing activities                           -                   -
                                            -------------          -----------

Cash Flows From Financing Activities

  Increase (decrease) notes payable                (7,529)            (4,775)
  Proceeds from sale of common stock               -                       -
  Additional paid-in capital                       -                       -
                                               ------------       ------------
  Net cash provided (used) by
    financing activities                           (7,529)             (4,775)
                                               ------------        ------------

  (Decrease) increase in cash                          903              14,868

Cash, beginning of period                            1,222                   0
                                                ------------         ----------
Cash, end of period                            $     2,125        $     14,868
                                               ============        ============

Supplemental schedule of other cash flows:

  Cash paid during the period for:

    Interest expense                         $      24,599         $     15,490
    Income Taxes                             $        800          $         0
                                             ============          ============

                              See Accompanying Notes
<page>

                        NOTES TO THE FINANCIAL STATEMENTS

I.  GENERAL NOTES

1.  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).

2. 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 March 31, 2007 and December 31,
2006, the results of operations and cash flows for the three-month periods
ended March 31, 2007 and 2006.  The unaudited financial statements have been
prepared in accordance with Generally Accepted Accounting Principles for
interim financial information and with the instructions to Form 10-QSB and Item
310(b) of Regulation S-B.

II.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATION

The Sixteen to One mine in the Alleghany Mining District is a unique mine and
requires a unique operation, which has been recognized by its owners, its
miners, geologists, engineers, and some public agencies during the last decade
of the twentieth century and to the present.  It is a traditional high-grade,
hard rock, underground gold mine.  The same company owns and operates the mine.
Original Sixteen to One Mine Inc, (owner) was incorporated in California in
1911.  Experts estimate that less than twenty percent of the proven and
probable ore deposit has been mined.  Production is approximately 1,500,000
ounces of gold.

There are over twenty-eight miles of horizontal workings and millions of cubic
feet of vertical excavations called stopes.  The entire grounds are not
maintained for mining.  Once an area is targeted for mining, travel ways and
escape routes are brought into safety compliance.  Production miners set up a
heading (face) and begin a drill-blast-muck sequence into the quartz.  Gold is
hosted in the quartz vein in exceedingly rich concentrations called "pockets".
Metal detectors are regularly used underground as a tool for guiding the
direction of the work.  Metal detectors are also used as a tool to separate the
ore underground.  This has the positive affect of reducing the volume of shot
rock from the mine, thereby reducing cost.    In 1992, the company initiated a
gold marketing plan of selling gold in quartz as a gemstone.  This produces
revenue significantly greater than selling gold into the spot market.  Demand
for the Sixteen to One gold-in-quartz gemstone exceeds supply.

Production has been termed a "feast or famine" situation for over 100 years.
Reserves in a high-grade gold mine cannot be termed as "proven".  The company
hoards gold and sells it according to short-term cash needs.  This fact
requires an operator to manage its cash flow to operate between pockets.  It is
difficult to undertake major expansion plans with an uncertain supply of
capital.  The Company has announced general plans to build a new shaft in the
northern section of its Alleghany patented claims.


BALANCE SHEET COMPARISONS

For the three-month period ending March 31, 2007 current assets decreased by
$61,659 (8%) due primarily to a decrease in inventory.  Inventory was sold to
cover operating expenses and production was minimal.

Notes due to related parties increased by $89,377 (18%) as a result of money
loaned to the Company by Michael Miller in the form of unpaid wages and cash.

Long term notes decreased by $7,529 (9%) as the company continued to pay down
its loans.


STATEMENT OF OPERATIONS

Revenues for the three-month period ending March 31, 2007 decreased by $49,821
(28%) compared with the same period for 2006 due to a lack of gold production.

Changes in the Company's operating expenses for the three-month period ended
March 31, 2007 compared to the same period in 2006 are reflected as follows:

1.  Contract labor increased by $77,973 (103%) as the number of contract
workers increased in 2007.

3.  Telephone and utilities increased by $8,765 (99%) as pumping resumed in
mid 2006 once the water level reached the 1,500 foot level of the mine.

4.  Supplies increased by $9,948 (254%) due to a larger operation.

5. Small equipment and repairs increased by $12,744 (2,978%) due to the
larger operation.

6. Depreciation & amortization decreased by $5,566 (51%) as the result of an
adjustment done in accordance with direction from the C.P.A. who oversees our
depreciation schedule in early 2006.

7. Other expenses increased by $3,491 (102%) primarily due to the larger
operation.

8. Total operating expenses increased by $108,652 (73%) due to the larger
operation in 2007 compared to the first quarter of 2006.

9.  For the three-month period ended March 31, 2007, the Company recorded a
loss of $154,584 (before taxes) compared to a profit of $13,409 (before taxes)
for the same period in 2006.  The $167,993 difference is attributed to a lack
of gold production combined with a larger operation.

LIQUIDITY AND CAPITAL RESOURCES

The Company's liquidity is substantially dependent upon the results of its
operations.  While the Company does maintain a gold inventory which it can
liquidate to satisfy working capital needs, there can be no assurance that such
inventory will be adequate to sustain operations if the Company's gold mining
activities are not successful.  Because of the unpredictable nature of the gold
mining business, the Company cannot provide any assurance with respect to
long-term liquidity.  In addition, if the Company's operation does not produce
meaningful additions to inventory, the Company may determine it is necessary to
satisfy its working capital needs by selling gold in bullion form.

The Company is dependent on continued recovery of gold and sales of gold from
inventory to meet its cash needs.  If the Company's cash resources are
inadequate and its gold inventory is depleted, the Company may seek debt or
equity financing on the most reasonable terms available.

PART II

LEGAL PROCEEDINGS

1. Plaintiff in Superior Court of the State of California, County of Sierra
against private lawyers and their employer.  Case filed February 13, 2004.
Case No. 6293, Complaint for Damages (Malicious Prosecution, Intentional
Infliction of Emotional Distress, Intentional Interference with Perspective
Advantage).  Defendants appealed their loss of an anti slap motion to the
California Appeals Court, Third District.


SUBSEQUENT EVENTS

none

OTHER INFORMATION

The unaudited interim consolidated financial statements of Original Sixteen to
One Mine, Inc. (the Company) have been prepared by management in accordance
with generally accepted accounting practices.  Such rules allow the omission of
certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted audited accounting
principles as long as the statements are not misleading.

In the opinion of management, verified by signature below, all adjustments
necessary for a fair presentation of these interim statements have been
included.  These adjustments are of a normal recurring nature.

The preparation of the Company's financial statements in conformity with
accounting principles accepted in the United States requires management to make
estimates and assumptions.  These estimates and assumptions affect the reported
amounts of assets and liabilities and disclosure of contingent liabilities at
the date of the financial statements, as well as the reported amount of
revenues and expenses during the reporting period.  On an ongoing basis,
management evaluates its estimates and assumptions; however, actual amounts
could differ from those based on such estimates and assumptions.  No accounting
principle upon which the Company's financial status depends, requires estimates
of proven and probable reserves and/or assumptions of future gold prices.
Commodity prices may significantly affect the company's profitability and cash
flow.  No independent accounting firm or auditors have any responsibility for
the accounting and written statements of the Form 10-QSB.

The Company and its president assume responsibility for the accuracy of this
filing and certify the financial statements present fairly in all material
respects, the financial position of Original Sixteen to One Mine, Inc at March
31, 2007.

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

From time to time the Original Sixteen to One Mine, Inc.  (the Company), will
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 receipt 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
- Other unanticipated difficulties in obtaining necessary financing with
  specifications or expectations
- Labor relations
- Accidents
- Unusual weather or operating conditions
- Force majeure events
- Other risk factors described from time to time in the Original Sixteen to One
Mine, Inc., filings with the Securities and Exchange Commission

Many of 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 disclaims any intent or obligation to update its
forward-looking statements, whether as a result of receiving new information,
the occurrence of future events or otherwise.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

ORIGINAL SIXTEEN TO ONE MINE, INC.
(Registrant)

/s/Michael M. Miller
President and Director
Dated:  April 24, 2007