Show THE UTAH COPPER in commenting upon utah copper the firm of thompson towle co of new york has the following to say the potentialities of the utah copper property are enormous and few if any of the copper mines have before them such a bright future if one analyzes carefully the exact conditions under which the property is now operating and the conditions under which it will operate ope ratu it is seen that the future clearly indicates greater efficiency greatly increased production and earning power this mine which has been product scarcely four years from the date that the first section of the large concentrator went into commission has made a wonderful record when one considers the difficulties which had to be overcome in placing on a producing basis a property of this size despite the fact that the company has been working on ore lower than average grade since operations began an 8 cent cost has been made the decrease in the grade of ore at utah has been due to the inadvertent mixture of overburden which has sloughed off and found its way into the steam shovel pit shovels are constantly operating on this overburden on both the utah ground proper and the boston consolidated which lies further up the mountain and this capping is gradually being eliminated and in time utah will have bench after bench of clean ore exposed and available for mining this clean ore means an increase in copper contents greater recovery in the concentrator increased production and lower cost the companas comp anys bingham and garfield railroad which is now building to connect the mines with the concentrators and which should be operating this summer will be an important improvement in not only still further reducing cost but in also assuring the plants ample tonnage utah is probably unsurpassed among the copper mines of the world in ore reserves having more than 1250 tons available or seventeen years supply under the maximum concentrator capacity of 21 tons a day which will be possible with the enlargements now under way in the plants at garfield this daily tonnage when working under the above conditions will mean an ultimate production of approximately pounds per annum jt is interesting to note just what utah can do with the entire concentrator in odera operation era tion and under the extremely low figure for copper of 11 cents per pound even assuming that the cost of production is the same as for last year of 8 cents per pound earnings from bingham canyon properties alone would amount to 4 per annum this figure is exclusive of the dividends of nevada consolidated which are received by utah and which at present amount to per annum |