Show IVIEW VIEW OF p f FAMOUS PRINCE CONSOLIDATED NEAR PIOCHE PIOCHE NEV I i i y a F Wn tar r s Cf x n t 7 r v r rut ut F 4 f Y r nJ MA 8 0 x 4 7 I I I t I I L Lw w as rw P t S e 4 r X h H 6 ii i i i 1 Management Is Planning to toGo toGo Go After Rich Ore in Lower Levels As stated in The Telegram several days ago in an Interview with A A. H. H Godbe president of the Prince Consolidated Mining Mining Mi Mi- ning company plans are under way for development operations at depth In the famous mine which has been one of the most consistent producers in the West Vest It is stated that diamond drilling from the lowest level the GOO proved conclusively a ten-foot ten bed of silver gold ore carrying good values and that feet lower the drills passed through eleven feet of high grade zinc blend In discussing this property a recent market letter issued by Dern Thomas said in part The Prince Consolidated ted is capable of extracting and shipping tons of ot ore a month For the past few months smelters have curtailed these shipments and have allowed the company to ship only half halt its capacity Even at that the profits for this period have been good With silver slIver at its present price lead sil ver mines are going to ship as much as possible and the fine fluxing ores of the Prince Consolidated will again be badly needed b by the smelter We Ve be believe believe believe be- be lieve that within the next few weeks the Prince company will be making makina capacity capacity capacity ca ca- shipments When shipping at capacity capacity capacity ca ca- ca- ca it is possible for the mine to earn a net profit of approximately a month which means a year or 36 per cent on 1 Jl stock Prince Consolidated Consolidated Consolidated Con Con- is selling today around 50 cents a share If It they were earning at the rate we have mentioned they would beable bo be able to pay 72 per cent on cent 60 stock You must remember however that while it is possible for them to earn this amount they are not earning it at present present present pres pres- ent and this is probably the reason the stock can be procured at its present low price |