| Show AT ELY IIo i Comment I on Mine ii I iii Develop Development I Ic t ment ii Smelter Plan PIli I hi ii In commenting on thin control of or the tho th of o the Ne Nevada vada nt at Ely Kly 11 u II Boston toll pa paper per her says totys Since Silica control of ot the Consolidated da ted company coin the lie t Guggenheim 1 have materially changed lime Hie platte plant of ot tIme the old management OH RH to the thc erection of or if u it smelting and reduction plant S SIt It wan waH originally by tho tim old management to hull build ii a II I ii Hin l 1 ter lIr at III Kly Ei Iy but hut the development of ot thin tho brought nuch a II large larso amount of ot ore oro or In III nl ht now at lit 2 tons that tin HIP original plans were enlarged upon Ullon U I Oil 0 now plans n completed coin tot for the erection of or a n plant Tho The Guggenheim interests however lire arc a re planning 0 I ng the development t of ot Ely Ii through taught I Ii th thi Nevada Consol otial ted ed t and a iid the Cum uni 11 proper tint ties tle upon It u still till larger scale and amid their engineers are arc on plan pIan for iho tho erection of or u II plant which will permit the reduction of tons Ions of ur uron ore on per her annum ma maIt It 11 Is III estimated by h I tile the Guggenheim engineers tutu that In the tho treatment of ot 1 tons Ions bf kit ore per baum annum the No Ne nelll Consolidated company will III lio i 0 abi II hit to 10 net nel of ut at nl the minimum and nor nt till maximum according to the price of ot o copper opper figuring upon a n refined copper output of ot pounds There Chere tire lire shares outstanding of ot Ne Consolidated stock which nt nl 15 per share represents n it 1 selling price of or for tor the property The Ih railroad Into Inlo Kly 1 which In Iii 1 owned by hy the tho Nevada Consolidate 1 company will not nol be he completed until tail Ii well Into the lh summer auld and It will not 1101 he be pOfi to 10 start construction work vork un until til thu the thc railroad Is t In operation |
