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 September 30, 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 September 30, 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
                 September 30, 2007 and December 31, 2006


                                September 30, 2007        December 31, 2006
ASSETS

Current Assets
   Cash                                  $    6,397               $  1,222
   Accounts receivable                        9,376                  -
   Inventory                                676,613                749,009
   Other current assets                       1,118                  1,103
                                         ----------             ----------
     Total current assets                   693,504                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                                925,243                982,515
   Buildings                                209,487                209,487
   Vehicles                                 255,128                255,128
                                         ----------             ----------
                                          1,389,858              1,447,130
Less accumulated depreciation            (1,259,825)            (1,301,126)
                                         ----------             ----------
     Net fixed assets                       130,033                146,004
                                         ----------             ----------
Other Assets
   Bonds and misc. deposits                  16,185                 16,185
                                         ----------             ----------

     Total Assets                        $1,558,716             $1,632,517
                                         ==========             ==========
LIABILITIES & STOCKHOLDERS' EQUITY

Current Liabilities
   Accounts payable &
      accrued expenses                   $  209,778                237,947
Due to related party                        704,572                489,893
Notes payable due within one year           430,164                428,830
                                         ----------             ----------
     Total Current Liabilities            1,344,514              1,156,670
                                         ----------             ----------
Long Term Liabilities
   Notes payable due after one year          61,748                 81,527
                                         ----------             ----------
     Total Liabilities                    1,406,262              1,238,197
                                         ----------             ----------

Stockholders' Equity
  Capital stock, par value $.03:
  30,000,000 shares authorized:
  12,890,204 shares issued and
  outstanding as of Sept. 30, 2007
  as of December 31, 2006                   425,377                425,377
   Additional paid-in capital             1,898,317              1,898,317
   (Accumulated deficit)
      retained earnings                  (2,171,240)           (1,929,374)
                                         ----------             ----------
     Total Stockholders' Equity             152,454                394,320
                                         ----------             ----------
Total Liabilities and
  Stockholders' Equity                   $1,558,716             $1,632,517
                                         ==========             ==========


                              See Accompanying Notes

<page>

                  Original Sixteen to One Mine, Inc.
             Statement of Operations and Retained Earnings


                  Three Months Ending Sept. 30,    Nine Months Ending Sept. 30,
                             2007            2006           2007           2006
                           ------          ------          ------         -----
Revenues:
  Gold & jewelry sales     $   258,352 $   83,011   $     522,327   $   462,181
                           -----------   -----------      --------     --------
     Total revenues            258,352     83,011         522,327       462,181
                            -----------   -----------    --------      --------
Operating expenses:
  Salaries and wages            17,831     16,854          56,564        52,995
  Contract Labor               154,802    159,680         439,960       306,811
  Telephone & utilities         17,092     12,959          52,438        29,471
  Taxes - property & payroll     8,235      8,245          25,377        24,375
  Insurance                        492      1,162           1,476         2,146
  Supplies                      11,043     13,120          39,187        29,849
  Small equipment & repairs      5,121      3,063          40,578         6,062
  Drayage                        8,644     16,940          26,170        42,606
  Corporate expenses             1,385      1,000          13,113        12,488
  Legal and accounting           9,969      3,844          12,074         7,254
  Compliance/Safety              1,273     12,156           5,734        24,589
  Depreciation & amortization    5,324      8,169          15,971        27,229
  Other expenses                 2,125        830           6,854         5,763
                           ----------   ----------        -------       -------
  Total operating expenses     243,336    258,022         735,496       571,638
                          ----------    ----------       --------      --------
Profit (Loss) from operations   15,016   (175,011)       (213,169)    (109,457)

Other Income & (Expense):
  Other income (expense)      17,239     (26,206)       (27,897)      (54,744)
                         ----------    -----------       -------       --------
Profit (Loss) before taxes    32,255     (201,217)     (241,066)     (164,201)
                         ----------    -----------     ---------     ----------
Income tax benefit (expense)                (800)          (800)        (800)
                         ----------    -----------     ---------     ----------
Net profit (loss)      $     32,255  $  (202,017) $    (241,866)   $ (165,001)
                       ============    ===========     ==========    ==========

Basic and diluted (loss)
 earning per share     $       .003   $     (.016)  $      (.019) $      (.013)
                      ============    ============      =========     =========
Shares used in the
calculation of net
(loss) income per share  12,890,204    12,883,387       12,890,204   12,883,387
                       ============    ===========      ==========  ===========


                              See Accompanying Notes

<page>


                      Original Sixteen to One Mine, Inc.
                           Statement of Cash Flows
         Nine Months Ended Sept. 30, 2007 and Sept. 30, 2006

                                             Nine Months Ended Sept. 30,
                                               2007                   2006
                                         --------------         --------------
Cash Flows From Operating Activities:

Net profit (loss)
  Operating activities:                       $  (241,866)          $ (165,001)
     Depreciation and amortization                 15,971              27,229
     Gain on sale of asset                        (39,930)
     (Increase)Decrease in
        accounts receivable                        (9,376)                247
     Decrease(Increase) in inventory                72,396            (34,330)
     (Increase)Decrease in other
       current assets                                 (15)              (119)
     (Decrease) increase in accounts payable
       and accrued expenses                        (28,169)             9,839
    (Decrease) increase in short term notes        216,013            171,928

                                              ------------          ----------
  Net cash (used) provided by
     operating activities                          (14,976)              9,793
                                              ------------         -----------

Cash Flows From Investing Activities:

  Purchase of mining property                           -               -
  Proceed from sale of fixed asset                 39,930               -
  Other assets bonds misc. deposits                    -                -
                                              -----------        -----------
  Net cash (used) provided by
    investing activities                           39,930               -
                                               -----------        -----------

Cash Flows From Financing Activities

  Increase (decrease) bank overdraft                 -               (200)
  Increase (decrease) notes payable               (19,779)        (14,031)
  Proceeds from sale of common stock                  -               544
  Additional paid-in capital                          -             14,419
                                                -----------      ------------
  Net cash provided (used) provided by
    financing activities                          (19,779)             732
                                               ------------     ------------

  (Decrease) increase in cash                          5,175        10,525

Cash, beginning of period                              1,222           0
                                                ------------       ----------
Cash, end of period                              $     6,397    $   10,525
                                               ============      ============

Supplemental schedule of other cash flows:

  Cash paid during the period for:

    Interest expense                         $     74,872       $     57,698
                                             ============       ============
    Income taxes                             $        800       $       800
                                             ============       ============

                              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 September 30, 2007 and December 31,
2006, the results of operations and cash flows for the three-month & nine-month
periods ended Sept. 30, 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.

General accounting principles do not allow the Company to adjust its real estate
to reflect market value, which has increased substantially.  Standing timber
values are not included as assets on the balance sheet.  These unreported
assets will significantly increase the Companies net worth.

There are over thirty 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.  It announced specific data
including a Vision Statement, Executive Summary, Use of Proceeds, Performa
Statement and critical review of the Company's strengths, weaknesses,
opportunities and threats.  This is available upon request.



BALANCE SHEET COMPARISONS

For the nine month period ended September 30, 2007:

Cash increased by $5,175 (423%).

Inventory decreased by $72,396 (9%) as the company sold inventory to help cover
operating expenses.

Accounts payable & accrued expenses decreased by $28,169 (11%) due to the
Transfer of a portion to Notes Payable Related Parties.

Notes payable related parties increased by $214,679 (43%) as the Company relied
on unconventional loans to finance operations and a portion of accounts payable
was transferred here.

Long-term liabilities decreased by $19,779 (24%) as the Company continued to
make regular payments and did not take out any new long-term notes.

STATEMENT OF OPERATIONS

Revenues for the three-month period ended Sept. 30, 2007 increased by $175,341
(211%) compared to the same period in 2006 due to increased sales and higher
gold prices.  Revenues increased by $60,146 (13%) for the nine-month period
ended Sept. 30, 2007 compared to the same period in 2006 for the same reasons.

Changes in the Company's operating expenses are reflected as follows:


1.  For the nine-month period ended Sept. 30 2007, contract labor
increased by $133,149 (43%) compared the same period in 2006 due to a larger
crew at the mine in 2007.

2. For the three and nine-month periods ended Sept. 30, 2007, utilities expense
increased by $4,133 (32%) and $22,967 (78%) respectively compared to the
same periods in 2006 due to increased pumping in 2007.

3.  For the nine-month period ended Sept. 30, 2007, supplies increased by $9,338
(31%) due to a larger crew in 2007.

4. For the three and nine-month periods ended Sept. 30, 2007, small equipment
and repairs increased by  $2,058 (67%) and $34,516 (569%) respectively due to
minimal repairs in 2006 combined with more equipment repairs in 2007.

5.  For the nine-month period ended Sept. 30, 2007, drayage decreased $8,296
(49%) and $16,436 (38%) respectively compared to the same periods in 2006 due
to more auto repairs in 2006.

6.  For the three and nine-month periods ended Sept. 30, 2007, legal &
accounting increased by $6,125 (159%) and $4,820 (66%) respectively compared to
the same periods in 2006 due to direct legal expenses accrued over the last year
and submitted for reimbursement in the third quarter.

7.  For the three and nine-month periods ended Sept. 30, 2007, compliance &
safety decreased by $10,833 (90%) and $18,855 (77%) respectively compared to
the same periods in 2006 due to the payment of penalties settled out of court
and the purchase of new self rescuers in 2006.

8.  For the three and nine-month periods ended Sept. 30, 2007, depreciation
and amortization decreased by $2,845 (35%) and $11,258 (41%) respectively due
to the full depreciation of aging equipment.

9.  For the three-month period ended Sept. 30, 2007, the Company recorded a
profit of $32,255 compared to a loss of $202,017 for same period in 2006.  The
$234,272 (116%)difference is due primarily to an increase in the price of gold
and the sale of a fixed asset in 2007.  For the nine-month period ended
September 30, 2007 the company recorded a loss of $241,866 compared to a loss
of $165,001 for the same period in 2006, the $76,865 (47%) difference is due to
a larger operation in 2007 with minimal gold production.

SUBSEQUENT EVENTS

LIQUIDITY AND CAPITAL RESOURCES

The Company's liquidity is substantially dependent upon the results of its
operations.  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.  Although the Company has historically
located an annual average of $848,000 of gold over a five year period, there
can be no assurance that the Company's efforts in any particular period will
provide sufficient funding for the Company to continue operations.

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 which overturned the Superior Court
decision on May 8, 2007.  The Company filed a "Petition for Review" with the
California Supreme Court on June 18, 2007, which was denied.  Defendants are
seeking alleged attorney fees of $257,000.

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
September 30, 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: October 30, 2007