Show WILDCATTING IN MINING DEFINED Iii Jn commenting on tho the criticism of wildcatting wild wild- A. A I 1 I. I l Beckworth draws dras a n sharp I distinction between wildcatting and tho the legitimate use uso of cpi capital Ll in the development development develop develop- ment of or prospects where there are aro favorable fa favorable la- la indications for tOl finding ore or It In commercial Quantities It I Is not to be assumed mcd f that t tho the failure to develop dC amine n. n n mine out of Is a prospect proof that ture tho the undertaking was wa a 9 wildcatting yen ven en If It I competent mining men aro are of or the lie opinion that tho the showing mad mado mad in a apro pro prospect is good eno enough enoh h to warrant the expenditure necessary to determine whether or not It can Cn bo be made into a amine mine and If t the capital employed Is iM Judiciously used the tho men who furnish the capital have no grounds for complaint com corn plaint should tho the results be disappoint lug ing I Thc They are arc taking chances and they stand to win sums out of all al to the tho amounts risked but they cannot canno expect to win every time eI e Wildcatting is a term that is Ig vcr vor very loosely us used Tho The most common meaning mean mean- r lug ing of o wildcat seems to bo be a prospect on which the expectation of or finding oroIs oro ore orois is not riot warranted b by surface or other ether indications II In other words a wildcat Is not hot a good gamble Nevertheless a wildcat sometimes develops develops de de- de- de Into a n mine A long hong IonA shot idiot sometimes sometimes some some- times wins The well cl known Mohawk at ut Goldfield Goldfeld now forming a part of or the property owned by the Consolidated Con Con- was once a n wildcat but it developed de developed do- do eloped into one ono of or tho the most valuable mines In ill Nevada |