Show i I 1 OPTION ON IDORA MINE AND MILL 4 special correspondence spokane wash july 28 the idora mine id d mill on sunset peak in the coeur 0 A lenes have been taken under a 60 day tion by P J dwyer of st ignatius mont id ad to be representing helena capitalists I 1 lie e price is cording according ac to C E ilette allette of spokane secretary manager of e idora mining 10 cents a share i the entire capital stock of the corporan or about 12 1212 cents on the issued ock the contract permits sixty days in aich to make examination of the property the expiration of which should the op m n be exercised exer the initial payment of f is to be made and six months later is to be paid the remainder is to paid in installments of every six months ants the final payment becoming due I 1 arch 15 1918 during the 60 day option period opera ns ins will be continued at the mine accord to mr mallette as conditions are such it t the company does not want to lose any ae e as the idora mill under a three year se ise to gus ehrenberg and albert nelson on the idora mine to provide half the ore to keep the plant running the montana people take over the agerty they would continue to treat the of the mine at the idora mill as the tion carries with it the contract with and nelson to concentrate the duct 1 I really do not believe that the option III 11 be exercised and the most of the holders ck ek hope that it will not states mallette several weeks ago before editions were as promising at the prop ty y as they are now they agreed to let go for and when this offer was ide de I 1 I 1 accepted it since then however aeral 1 eral of the largest stockholders have me that should the option lapse ey y are not willing to enter into negolia ns again for the sale of the mine at this ice ce we all feel confident that it is going become a fairly valuable producer and y that we are in position to retire the standing indebtedness which amounts but in a short time we are going take a chance with it ourselves perkily ily was not in favor of selling the prop y at all and now the most of the other sk kh holders have decided that my judg nt t was good |