Show WHAT IS A MINE very few people as a general thing have but a vague conception of what constitutes a mine many hold to the idea that a mine is found when a ledge or surface cropping is discovered and if they are interested in any way in the new discovery they expect dividends at once and condemn mining in all its branches if the property is not remunerative remunerative within a few months after work has begun in its development to all such the mining review would say have nothing 11 at all to do with raining mining as with this impression in your mind you are doomed to disappointment 1 the man who expects dividends from a prospect after it has been worked for a few months is out of his class and had bad better devote his time to digging potatoes or measuring calico as mines are to be made after the prospect ct is found and it often takes four or five years of steady work and extensive development before a prospect can be rated as a producing pro ducin g and paying mine no matter how rich and strong the veins may be at the surface A mine is not a mine in the true and accepted sense of the term until its ore bodies have been developed and blocked out to such an extent that it is capable of producing several bund hundreds reds of tons of pay ack daily without any precept ible diminishment of the reserves ja in sight eight and it is not a mine until the daily output will pay all cost of mining and milling mine and mill equipment incidental expenses and at the same time be able to pay a goodly sum in profits and divi bends thus it will be seen ample capital is required in mining operations time is demanded in extensive and intelligent development m ent mine and mill equipment must be looked after and many delays and vexations vexatious encountered and experienced before the prospect can be placed on a paying basis before it can be classed as a mine but when this period is reached the mine owner investor and the shareholder could have no better interest terest no better investment as when a mine begins a heavy production when it is in a condition I 1 to maintain the payment of regular dividends no other business or industry in the world guarantees greater profits or a more re regular and permanent income but a prospect must be trans transformed formea into a mine before such pleasing results can follow |