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Show MAY CONSOLIDATE TWO BIG PROPERTIES According to the Boston News Bureau, the activity and advance in Alaska Gold shares the stock advancing to $15. a rise of $2 per share over Wednesday's closing clos-ing has given rise to a renewal of the report that a consolidation with Alaska Juneau was on the ards. While a merger is by no means an impossibility, im-possibility, we can state that no negotiations negotia-tions are on to this end. , Mining men conversant with the situation have no hesitancy, however, in declaring that as a matter of operating economy these adjoining ad-joining properties should be brought together to-gether and their ores treated at one milling plant. , Alaska Gold has amill second to none I of its kind In this country. It has demon- i strated the economy ofIts operations, and it probably has excess' capacity? now that it has found that it will be unable to feed this plant the anticipated tonnage of $1.75 ore. Only the cement foundations are in for the Alaska Juneau mill, and while Messrs. Jackling of the Alaska Gold and Bradley of the Juneau have radical differences differ-ences of opinion with respect to how these gold-bearing ore bodies should be mined, it is not reasonable to suppose that these differences would - operate to 'ire vent a merger if terms satisfactory to the dominant interests in both companies could be arrived at. We can state that the present expectations expecta-tions of the Alaska Gold management are that the mine can ultimately !je brought up to a capacity of 10,000 tons a dav of $1.30 ore. The difference between this and $1.75 ore is, of course, a big one. arid it means that the once anticipated profits probably will never be realized, but it can make a profit, nevertheless, sufficient to justify the present market ror the stock. |