Show UTAH COPPER WORTH geo L walker in boston commercial utah copper produced pounds of copper in december which was a very slight increase as compared with the three preceding months his is at the rate of about pounds annually or a trifle more than 50 per cent of its milling capacity on its current product on and with copper selling at 1412 14 cents the company can probably earn its dividends of 75 cents per share quarterly and a small surplus without making any af allowance lowance for dividends received on its holdings of nevada consolidated stock As has been stated previously utah coppers management is working out further improvements of co concentrating practice which promise to materially increase its productive capacity and greatly reduce its production costs A year or two ago it was estimated that the cost of its production during the life of the mine would not exceed 7 cents a pound it now seems within the range of probability that the cost of producing copper may be reduced to 6 cents a pound if this should be accomplished complis hed it is highly probable that utah copper shares would advance and in periods of high metal prices sell for approximately double their current price with more than tons of ore known to exist in its property which will yield between twenty and twenty five pounds of refined copper to the ton and its earning capacity thoroughly demonstrated utah copper stock clearly possesses all the essentials of a first class investment it is a modest estimate that the company will be able to make a profit of to a ton on the mining and treatment of its tons of ore or a total of to its capital stock is now selling in the market for about the liquidation value of its shares with copper figured at 13 11 cents a pound an and d the cost assumed to be six cents would be well over it will require between forty and fifty years to mine its immense tonnage of ore and market the product I 1 would buy utah copper and hold it both for investment and speculation eliminates tons of silica advices advises from salt lake state that the utah copper company will be able to increase its capacity materially by anew process the magna plant will have eighteen sections as compared to twelve at present and the arthur plant will be built up from nine to twelve sections the present plant capacity i is tons of crude ore daily though as much as tons have been treated in a single day in the rehabilitated plants the capacity will be upwards of tons daily A greatly increased production is contemplated tem plated iby by these changes and one authority tho rity estimates that from the bingham po properties arties alone the output will be raised to as much as pounds of copper annually it is claimed that on a 14 cent market for bior the metal and the plants producing 1 at cap capacity a i city utah copper will be able to show of better than 9 per share metallurgical improvements have been made at utah copper from time to time and as much as tons of silica that was formerly sent to the garfield smelting smelling sm elting plant daily from this property has been entirely eliminated in consequence of this utah copper has been able to eff effect act a saving in its smelting smelling sm elting charges of more than 1 a ton of concentrates having improved on its facilities for delivering a cleaner ore utah copper is not only able to get a lower treatment charge but the garfield smelting smelling sm elting company is able to treat a larger tonnage the furnaces were equipped for a capacity of about tons daily and with alterations to suit the better product the same equipment now has a 4 capacity rated at better than tons daily the utah copper company reports for december an output of pounds of copper or about the same as during the three monthly periods for the year the output was pounds against pounds in 1913 and pounds in 1912 |