Show NEW NE INSPIRATION MILL WILL TREAT I TONS BY Ml JAN JAM 1 According to tho the latest report re received received To- To from the tile Inspiration property tho tue new ne ton mill mi wi willbe be In full fun operation b by January 1 I 1 1916 Four sections of ot the tho th eighteen ha have hae e been placed In commission and b by November Novem Novem- her ber 1 five ho more 1010 sh should hold uld be he running leaving the remaining nine sections to tobe tobe tobe be put PUl in working or order er 1 before January Janu Janu- Rr ary 1 At t the lie present tm time Inspiration Is treating about 1 1200 00 tons of oC ore per day and the j PrOdUCtion Is estimated at pounds of oC copper which would make tho the grade of a e oC the oro ore about 03 per cent copper which is h considerably above the average grade r do of or per percent cent cent the tho estimated average averno value for forthe or ortho tho the total ore oro reserves After numerous experiments which have delayed tho the production of oC this bl big property tho the mana management has finally decided to Install the minerals separation tion process of or oil 01 flotation on which II I I It will wI pa pay a a. royalty on a tonna tonnage e b basis is Inspiration Copper company compan has haa a n total tonna tonnage e of oro ore blocked out estimated esti estimated est est- esti- esti mated at tons with wih an average average aver aver- ryer- ryer age AKe copper cOppel content of oC per cent With Wih n a mill mi or of H tons dally daily capacity capacity capa capa- city th the oro ote reserves are arc sufficient torun torun to torun run the mill mi at full tul capacity for about eighteen years rl the tile present high price of or the should a dividend divi dividend divi- divi stock the com company pan pa pay of or at least 2 per share I per er an annum nn- nn num In ill order to return tho the orl original Investment plus a slight profit As the tue scale o of operation Is ts so enormous there Is ia no doubt that the hc earnings will willbo bo ho In the same samo prop proportion The full ul have not possibilities o of the property as yet et been developed Tho The property holdings of or the company company com corn pany consist of or 1181 acres of mining land Jand acres of or and amI taIng tailing 1032 of or ranch storage lands and acres and water land rights making a c total or of acres in all of or which only a n small smal portion porton has been developed Inspiration Copper has line an authorized capital of or shares hares of or a par value of or 20 20 each of oC which there are aro issued and outstanding outstandinG shares and there are In the treasury shares which have not yet ret been is issued Is-I Is issued is- is sued besides shares which aro are held In reserve for the tile conversion of the first mortgage bonds and shares which arc held in reserve forthe forthe for forthe the conversion of the tile year five C G POt per percent cent convertible debenture bonds I |