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Show MARCH 30, 1970 OIL & MINING JOURNAL Pagt 5 Creole Mines leases Wah Vedco-Wa- h claims, workings Additional Karl Truman and Carl Grebe, lessees of the Creole Mines in Minersville, Utah, have recently lease-option- from ed of ores developed by reason of the sheer zone tunnel is to be paid Wah Mines. Vedco-Wa- h Vedco-Wa- h A Wah Mines 22 patented claims nondisclosed cash consideration and 22 unpatented claims. Consideration given for the lease option is based on 5 milling ores ($45 or less), and 10 shipping ores. Vedco-Wa-h was given to Wah Mines at the lease option. of the signing Vedco-Wa- h A tunnel is presently . Wah Mines is to receive $750,000 for existing reserves on a royalty basis as produced, with minimum payment of $37,500 per year after exploration 5 work has been completed. being run beneath the sheer zone that will cut outcroppings depth. 8-1- 0 surface at a considerable Oh ter exploratory work is outlined in the lease option agreement. Cons. General, Monte Cristo in antimony venture George B. Warsaw, president of Consolidated General Corporation, announced that it has entered into a fifty-fift- y joint venture agreement with Monte Cristo Mining Corporations Mining and Energy Development Division is presently modifying its mill at Gorman, California to process the antimony ore. Production is anticipated the early part of Corporation of Utah. April. Consolidated General has contracted to commence mining An acute shortage of and milling of antimony ore antimony exists throughout the from a property located near world and prices have Wheaton Springs in San skyrocketed from $1.00 per Bernardino County. With mining pound to $4.00 per pound, and leading metal traders underway. many even Consolidated General predict higher prices. operations Wah Mines in central Utah, near the San Francisco mountain range. The operators of Utah's Creole Mines have leased the property s from Vedco-Wa- h Wah. WORK IS UNDER WAY at claims and workings owned by Vedco-Wa- h Investment Survey sees good buys among metal stocks Earnings of companies mining feel behind demand and of 1969, reports the S & P and refining important, inflation boosted costs. This publication. Operations outside nonferrous metals should to investment the United States, however, have increase further during 1970 points been special targets of opportunities in wdl-select- ed -- following some excellent stocks in this group. performances last year, reports Copper is stiU enjoying a. the Investment Advisory Survey, boom. Although domestic a weekly investment advisory out-pincreased 25 per cent in service published by Standard & 1969, and the producers price is Poors Corporation, New York. 56 cents a pound after five price According to the S & P hikes last year, world demand publication, prices of most continues unabated. Despite important nonferrous metals coppers typical volatility, this remain strong, in an extension of year's price should average' 1969s conditions, when supply higher than the 46 cent average- ut ms If!? Mgjeirotts, HJJmGflePtnJD'Dtteirs BcaDCteu's, and others needing rapid data processing... Yc--a DATACAP HAS THE ANSWER! nationalism and this detracts from the market appeal of the companies that are under fire. Lead and zinc prices also lead prices climbed in 1969 jumped seven times. and the S & P indix of these stocks was the best performer of the metal groups last year. Its doubtful, however, that the prices of these metals will be able to hold their own in 1970. Lead, in particular, will be under psychaological pressure because of the criticism -- L , of its use , as a gasoline additive. Thus, lead and zinc stocks lack appeal now. The nickel shortage, onythe other hand, will persist in 1970 whith world demand rising and the big Canadian mines, not yet back in full production after last years strike. Free world output fell to 750 million pounds. The $1.28 a pound price up from $1.03 looks firm. Despite a possible steel slowdown in the U.S., the .international demand for molybdenum continues to be promising. And the new tax law increased the depletion allowance for molybdenum to 22 per cent from 15 per cent, a further boon for domestic miners. Both nickel and molybdenum as alloys for specialty steels, merit investment attention now. DATACAP 100 COMPUTER SYSTEM The first computer that allows you to think and pose questions in your own everyday business and professional terms. The first computer available with programs for your business, for your profession, for your problems. The first small computer to grow as your needs grow... no obsolescence, no constant "trade-ups- ", m merely nt that fits the justifiable expansion economics of your business or profession. The first computer that any willing person with no previous computer experience can learn to operate efficiently in no more than three days. The first computer that is truly modular in concept...mating the proper software to the proper combination of hardware to provide computing capabilities ranging from accounting to pure science. The first computer that will give you an immediate, visible return on investment The first computer that provides answers at a sensible and affordable cost stocks of the major aluminum producers are sound long-terinvestments, the 1970 picture lacks excitement. Two one-ceprice increases in 1969 to 28 cent a pound may be sustained this year. But demand is unlikely to increase at the per cent pace of 1969 and earnings will be relatively static in 1970. 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