Show COBALT IN IDAHO salmon recorder the largest known cobalt deposits in the world are in lemhi leahi county the extent or of this deposit has been known but a short time an attempt was made some years ago to interest capital in these mines as nickel propositions the cobalt was mistaken for nickel when the determinations were made for nickel only a small per cent was found cobalt is worth over per pound in the market this price is maintained by a trust which handles practically all of the commercial product of the mines of the whole world the demand for the metal is growing very rapidly some new electrical inventions promise to make a very large demand in the near future this product is almost exclusive to our county and the worlds progress will send thousands of men to our borders to mine this metal in a very short time the price of this useful material will be reduced from the monopoly figure when it comes into more general use the mines that now supply the markets will be largely excluded from production when the price gets down donn to it its true commercial level we can supply the world at 25 per cent of trust price and then have one of the richest mining camps inthe in the world we have millions of tons of cobalt ore that will run an average of five per cent this ore is of a concentrating grade that can be worked cheaply A simple crushing and concentrating plant will turn out a high grade product that will stand even our expensive tralis transportation po charges and return enormous profits the trust now offers to buy all the cobalt concentrates at 50 cents per pound for the metal content this price would make even a 50 per cent product worth per ton at the smelter centers this is now the best mining proposition in the west A concentrating plant could be installed under most favorable and economical conditions in this camp A fifty ton plant could be installed for and the product of such a plant at present trust prices would be worth 2000 daily net at no other point in the mining world would such a proposition be idle to wait for capital |