| Show ENGELS COPPER CO EXPECTS RESULTS FROM PIKE ORE TREATING PROCESS the ova report of odthe the engels ca copper company for the year 1925 shows t that hat the earnings earnings were before charges but that after paying in dividends for taxes and depreciation in adjusting fusting adius ad ting the surplus the latter was reduced reduce d from to the copper output was 7 pounds an average of pounds a month this makes a gross pr production of oc L copper since the beginning of opera operation tinn in 1914 of pounds during the year ounces of silver received of were produced the price and 1466 ounces gold cents a pound ged averaged the avera during year for 1 copper in the shown properties arties as the increased valuation of its prop from in 1924 to in balance sheets rose 1925 in research work was spent the year during engineer kinzie relating to the P pike ike process operating attained results makes the fol lowin gregort concertin con concerning cernin demonstrated made it has been from extensive tests irony iron gold silver s and sulphur hur that with this process treating copper the varies values of gold silver and can be extracted of copper of production the cost credit against sulphur as a pound of copper and one on that one and iron indications are be produced at a cost of of iron can tenths pounds ads and two pou concentrate is 1287 cents that is cost of cent producing treatment ent cost of concentrate of tenth a cents royalty one depreciation an and d all charges 46 cents this includes but not depletion at 14 cents and electrolytic iron with copper selling is worth 20 cents with a at 6 cents a pound 1287 the cents product th the e quality of the iron produced prodoc production tion cost of product and superior to any in m the product makes make it a new P ni market arket and re reap ap the profits c in indicated the titi utilize lize process for in order to i ascertain the best market next step is I 1 s to and building dica ted the for financing forniti formulate lat c a plan soon 1101 as and to management the iron the taken up by this W will ill be a plant earnest st consideration possible and given earne expenses during as possible in including to carry OP operating aerating the starting up period the estimated investment for a plant to produce tons of copper and tons ns of iron a month is |
