Show MINE PRICES FOR PROSPECTS one great 0 reat drawback in the advancement of the interests or of many of the mining camps amps c of the west is due to the tact fact that many claim owners ask mine prices tor for prospects this is especially true in new and practically undeveloped districts where but little work has been done and where no producing 6 mines have been opened up such a district as a matter of course is at a disadvantage and for the reason alt that itis somewhat s difficult to interest capital in an unproven field but its greatest setback comes from claim owners who becoming optimistic over the value of their holdings give their imagination free rein and ask fancy figures for a mere prospect in the development of which scarce a hundred or more has been expended this action on the part of prospectors and claim holders is exceedingly detrimental to the growth of a district and sometimes retards regards its advancement for years it is a common thing to ask a quarter of a million for a group of claims in anew camp when in fact ten or fifteen thousand would be big money for the property and even at that the purchasers would be taking a big chance when confronted by such exorbitant prices the investor often passes up a proposition which has genuine merit and value preferring to take tai e a flyer at something where tangible results are already assured he might prefer to spend his time and money in the development of a prospect but he does not care to pay a mine price for a mere hole in the ground the old ontario of park city utah which has paid nearly in dividends was originally sold for and at the time of sale it had a fine fl n e body of 0 f very high grade silver ore in sight had the original owners of the ontario been suffering from an attack of swell head and had asked for the prospect a sum equal to the total production of an old and paying mine it is doubtful if park city would have grown so rapidly as it has from the time of the ontario discovery to the present day there are scores of splendidly mineralized sections in the west which are practically undeveloped today although their existence has bas been known for years they are often visited by mining men and experts but they are never develops and for the reason that the claim owners holding down the cream 0 of f these districts and universo universally ally insist in asking for their pacts more than they would belr pro be w many thousands had been worth aft altet e expended development and equipment I 1 tt air give the prospective buyer a cha io need be give hir him a a certain i chance it interest terest I 1 property in exchange for a certain bertah I 1 your of development performed amount by hira him do thing to make a mine out of corae your a mine that may make pros you many choir but dont go on with tile me some fool will come come along who that v vill you a fortune for something that has as gi ve cost a few only you days labor a f few ew dollars dollar for recording and the little that you haye hav expended in gopher hole work |