| Show BUTTE VS BINGHAM MINES the wonderful tonnage in sight in the utah copper bulletin bingham utah george L walker the well known copper writer of boston and editor of the commercial is making a roundup round up of the mining camps of the west and is now visiting the bingham properties and comparing butte with bingham mr walker states it is estimated that there is a total of from 22 to tons of ore blocked out in sight in the mines of butte mr walker states that the mines of that camp are now producing tons of ore daily the same yielding 65 pounds of copper per ton making daily production little less than one million pounds of copper turning to utah the present showing at Bin bingham iliam is so superior to that at butte and the possibilities or certainties of the future are so ideal that even the showing at butte pales into a state almost partaking of the insignificant one property among several the utah copper has blocked out in sight a grand total of tons of copper ore taking the value as 15 per cent red metal on a basis of assays essays that do not run below per cent copper this property has one hundred million tons blocked out butte averaging sixty five pounds of copper per ton with its tonnage as above stated has just one fourth as much ore in sight as the utah copper mine while the ore of the utah copper on the basis of 1 14 1 4 per cent has nearly twice in the copper in pounds of the whole butte camp and the utah copper property has only touched a very small percentage of its territory at bingham and it is only one of numerous properties whose showings are equal to tos if not in excess of the whole of butte among the mines whose tonnages ton nages will soar in so creditable a manner are the boston consolidated the utah consolidated the ohio copper and the yampa while the utah apex bingham new haven and others are fast opening up an available supply of red metal rock that easily will place bingham at the very fore of copper producing camps when thoroughly limbered up it is such showings at bingham when seen and appreciated that cause eastern talent of prom prominence and ability to judge to state that utah in five years time will be producing more copper than the mines michigan there is no doubting the greatness of butte and her mines nor that there are many prosperous years ahead for operating companies there but there can be no doubt of the fact with the improvements being added to properly handle bingham ores there will be no camp in the country capable of greater achievements As a general rule butte stocks are well ahead of utah copper sto stocks cIrs from a selling price stand point and perhaps they should be considering the present of operating companies but it can hardly be maintained that butte stocks are better buys at this time than the if one wishes to buy from a permanent investment basis |
