Show OHIO COPPER DISCUSSED IN WALKERS LETTER George Geor e L 1 Walker alker In the Boston Com Corn Commercial mercial tt has many man good things to say about he Ohio Copper He lIe first quotes one of or the eastern interests In the com company company company pany as saying Superintendent McIntosh Informs us that the ore encountered in the upraise from the Mascotte tunnel level leel Is run running running ning very ve uniformly and that It will av average a arage average rage about 2 per cent copper 2 ounces of or silver sliver and tiO 60 cents gold to the ton In Ina Ina Ina a ton of or concentrates this higher copper gold old and alive average will Increase the value over oer 0 gross In taking the en entire entire entire tire tonnage of the mine into consideration consideration tion we are not yet in a position to de determine determine determine termine the exact proportionate Increase per ton occasioned by b the higher grade of oro In the lower level but recent de developments developments developments prove that t the property is worth millions of dollars more than we have llave heretofore had any good reason to t believe u it n may not be generally Known that mat matthe the Ohio property was originally worked as a JI mine there being a strip or vein on the hanging wall of the big bib ore body bod carrying carting from 4 to 16 15 1 per cent copper and high values m in n gold and silver The depth of this rich deposit has never neer l heen fully tull determined but if It should continue uniform the entire 1400 m feet It would add immensely to the net value of the mine Up tp to the present time all ore samples the assays of or which have hae been made public have been taken from the big ore bodies bolles exclusively this ore been avoided in sampling The tact fact that the concentrating ore on the level leel is higher grade than it ever was in the upper workings w leads to the natural supposition that the streak of or ore must also gain grain gainIn in size and richness as it goes down Our crosscut must be feet from the hang liang ng wall of the vein and yet we are al ai ready eady ead in the che ore body bOO feet It would therefore appear that the ore body grows In size as well as richness at depth We Wei Weave e i ave reason to believe bellee that the ore will further increase in richness as we ap approach approach the hanging wall wallAs wallAs walLAs As has been previously explained in my letters letter continues Mr Ir Walker Valker the ore of oC the Ohio mine Ine though slightly lower in grade than that of the Utah Copper com corn company pany lan will concentrate better concentration concentration tion per ton should cost less and a larger percentage of oC the gross values will be re recovered recovered covered If the average bf hr the ore does not exceed 1605 per cent or 32 3 pounds of ot copper opper to the ton there should be a are re recovery covery coory of 22 to 13 i pounds of copper and andI 20 I cents in gold and silver I believe that tile the operating costs will be kept down to toper 2 per ton or less which will wilt make the till copper produced stand the company compan un under under der 9 cents per pound Its tons of ore should yield pounds of copper ropper and there should be a profit pro provided provided vided the copper cOPIer Is sold at an average of 15 13 1 cents per pound of TOO or double the market value of or its capitalization a at present The interesting point that comes up i in discussing the future prospects of or th the Ohio company is the fact that the period perio of oC development and construction Is practically completed and that the harvest harves day is at hand Next ext year Ohio should begin paying dividends This accounts for the current advance in Ohio stock I have been advising the purchase of OhIo Ohi since Ince It sold at 5 So far It has a 60 pe per percent percent cent advance ad nce I |