Show CONDITION OF THE MACNAMARA J I 1 L joseph president of the macnamara mining company operating at tonopah To nevada has issued a report on the condition of the mine which follows the grade of ore produced since the M mill 11 started has been very low although at times we open up high grade gradd ore we are milling approximately 80 tons a day and have to mill a considerable amount of low grade that is taken out in the course of deve development and by milling same get some of the aming nr ning cost back while if put over the dump the entire mining cost and surface handling woud be lost this naturally keeps our mill heads down the following figures show the average grade of ore milled from the time the mill was put in operation january 20 1912 to june 1 1913 tonnage average head average tail cost of milling cost of mark marketing margetin etin cost of mining total cost profit filter insurance mill absorption total included in the above costs are new construction development work and filter reconstruction expenses included Include il in receipts are bullion sales saes and filter insurance as shown total cost of milling for first six months of this fiscal year ending may 3 31 01 1913 total cost of mining for first six months of this fiscal year ending may 31 1913 total 75 5 hoping that this s is t the h e information in f or m a tion you desire I 1 am very truly yours JOS L JOSEPH president ps the total indebtedness is wing owing to the tonopah extension mining company |