Show MASON VALLEY COPPER in commenting upon mason valley operating in yerington district nevada geo L walker has the following in the boston commercial mason valleys recent development work consisting largely of raising crosscutting opening of etc to prepare for mining has made it possible to figure out that there is already developed in the mine approximately tons of ore which will average about 4 per cent copper it is figured that its ore will will be mined for per ton including development work transportation por tation will cost 40 cents and smelting smelling sm elting refining mining management taxes tax es etc about a total of per ton allow 50 cents additional for incidental expenses erpen ses maintenance of plant etc eta or a total cost of 6 per ton and it would appear that the 80 pounds of copper which should be recovered per ton of ore will cost only seven anda half cents per pound the estimate of tons of ore does not include adyth anything ing below the fourth level though three dinzes have already been sunk forty or fifty feet all in ore of good average grade assuming that this tons of ore will yield pounds of copper at a cost of seven and a halt half cents it appears that it will return a profit of or about 1750 for each of the shares of stock which the company will have outstanding after its recent issue of bonds has been converted I 1 understand that the management ex pacts the new smelter which is to be in operation early next year to earn a good interest return on the entire capital stock of the mason valley company from the treatment of custom ores alone in addition to this there is every reason to believe that the value of the stock will be further enhanced by the development of a large tonnage of ore below the present bottom levels of the mine and aso also a so by the extension of deep levels to the north where prospects are considered con si dered by many mining men to be even better than in the southern end of the property where operations are now centered I 1 strongly advise the purchase of mason valley stock anywhere around its present price level |