| Show GREAT GR EAT IS Figures Indicate I That There is Now Net In Sight Discussing the stock dIvI I end and the outlook for the future of fit f the ne enterprise George L has the following to say in the Boston Commercial Copper stockholders are re receivIng receiving a dividend amounting to one share of f new stock for each three shares now held The stock being distributed is the shares which some Bome time ago was optioned to J A Coram at 15 16 per share When it has been distributed to the stock holders the will have ing ng shares of ot stock and In Donds The mine Is In Shasta County count California near the Mountain Copper Mammoth and Trinity properties It t was owned for a number of or years by the he Western Exploration company and P PL 1 PL L Kimberly It was purchased by the present company for about and anti anda antia a n large sum provided for development work vork and equipment A smelting plant of ot tons daily capacity is now being constructed Its ores contain a large ex excess excess excess cess of or iron and sulphur They will be Po matted and anti the matte sold to the tho Ameri American can Smelting Refining company to be used in the reduction of ores in inthe he tho latter now new plant near San Francisco It Is estimated that the com compan pan has tons of ore in sight which will yield 50 to 60 GO pounds of cop copper copper copper per and 1 in gold and silver giving the theore theore theore ore a n gross value on a copper market of about 9 per ton This ore should yield a n profit of ot at least 4 per peron ton on giving it a net value of As the shares of or stock are now selling in the market marlet for about 10 per pOl share making a total valuation i with bonds included of it would appear that the mine is worth fully twice as much as the market price of ot the com corn securities Included in the tho valuation valuation valuation tion referred to is approximately which is held In the treasury to o pay pa for the completion of or its smelt smelting ing ng plant and for such additional equip equipment equipment ment meat as will wilt permit it to begin the tho pro production production production of ot 1000 tons of or ore dally daily dall which is about 10 per share with the stock dIva divi dividend denci referred to on share dividend The stock of the B company Is held by bv comparatively few people the th largest argest holders being the Guggenheims J JA JA A Coram Henry C Frick and other leading mining Interests All An the Information Information tion I have been able to obtain concen Ing ng this property its demonstrated value and future prospects lends leads me mn to believe that the stock Is a n most excellent pur purchase purchase purchase chase at Its present price |
