Show NEVADA CON OF ELY NEV geo L walker in boston commercial nevada consolidated is doing even better now than it was at the time its recent quarterly report was issued I 1 understand that it produced pounds of copper in august at a cost of about six and a half cents per pound this is at the rate of 63 pounds of copper annually the company therefore must now be earning at the rate of approximately per share on its stock it is probable that steps will be taken some time before the end of the year toward adding several new sections to the steptoe concentrating plant which will enable nevada consolidated to operate both of its mines mine and produce at the rate of pounds or more copper annually at present all the ore treated is coming from its eureka ore body which is operated by steam shovels and the Ruth Star pointer deposit which has been opened extensively underground and in which several million tons of ore is blocked out is standing idle awaiting the completion of larger concentrating capacity nevada consolidated is one of the very few copper companies which is now earning at the rate of 10 pei cent on the marker marke price of its stock it has been estimated that his company has beleen and tons of developed and probable ore As it is making a profit at present of approximately 2 per ton on the ore treated it would seem that the mine is probably a to proposition and possibly a proposition at present prices nevada Consolidate ds outstanding capital stock has a market value of less than it if the average price of copper is to be 15 cents the net value of its ore will be 33 per cent greater than on 13 cent copper therefore the situation seems to justify an advance of 10 to 20 in the price of its stock such an appreciation undoubtedly will occur after regular dividend payments commence which should s be within a few months I 1 advise the purchase of nevada consolidated |