| Show 9 t i U UTAH COPPER corrER S pi I IN Bo BOSTON m I Prospective Dividends of ol Three 4 ii Hundred Millions Figured Out For This Bingham Mine WHAT ASSAY SHEET SHOWS i fl O i rr lit III tot uI ot of v About Ten Irr Iti 3 1 lIf i j Ulah Copper con at L I In Ibo ILu eo 10 III I of 9 i laM Iud Saturday In which I comment AS a a r lit of liti if If i 1 Ills his latu lato to this r Utah Ulah Copper t cam cuie to 10 Ui the I i attention pf pt t no lon people about aboul two r f t y nf BRO ago 88 Mr r Walker when the tile market markot wu wa u V i tu to 11 7 per IlIr r shore share i It ha I nce e advanced above abort nO 19 und tind lit ut Ii this writing seems to 10 be he In Ui excellent u lIe tte between bw ti JK SK mid 10 per tiare A Aprice t price of ot JO 30 i pr r menus a n market n valuation of or the same that 60 per pr har harf for Utah Con Consolidated oti on onI I Though thIs thin erms enis It ire tre for tor an 1111 enterprise which haM hax yet 11 earned amed lew Ip If than In Int t total nit nt the Ihl th principal owners of ef the stock out I vl t donds of like ilkI OO or ort orF t F oooo The Utah Ulah Copper opper company I l IS being with the Ime me of nf treating the goat geat mineral mineralized porphyry deposit of the BIngham 1 district Col K E I A Wall aIt 1 t III the tho father of ot Ihl this enterprise lie He jot got gotI I 1 together the Ihl rater number of the I claims claim which make makr up Ul the properly U I or more mol years year 11 ago II O and sni Ii throughout the Ih period when hn the price of cit copper CO tIr won A I III an and l when hn It II was sifts l practically pr to 10 new nel nelI I capital he lie united patiently for or the Ihl coin tnt ot of the th time when hl bus hili dreams of or a tremendously profitable concentrating on enterprise would be br realised Ho litter Inter Interested ested uld t i Capt J 1 II n Uel mar In the th prop S orty a number of ot year yr e SRO ago but bul Ie Dc JJ was aM turne lurn l 1 over oer to 10 the k United State Siale company lI ot otI I 1 Colorado a little Inter and ancl D I C t i Jock Jack l hog manager maneger of if the latter coot com and now itou lO manager r of the tho Utah Ulah Copper company made mede extensive mill tests testa nod I that the Ihl ori eros oros s could be handled bandied so iu as IS to 10 yield dehl a substantial profit Later on oil the States lion company purchased from tron Col Wall WAil Walla a u amount of his hili bl stock to 10 Rive give Ith It a I Interest t 1 and supplied money motley to II build the mill m ar the en tn entrance enI I trance of the canon canyon which has hns now lion been bun for two Iwo years earll j The greater portion Jl of it the th United a States ates holdings l t WHO sold lold about a year re r ago 10 to the lug Gug lugg g Exploration company and an 1 option llon given on the Ihl Since f then an Issue luu of of ot hoods bonds con conf f Into new now stock at o per tr share haro f stare eliare has ha been Issued I and l 1 their will tiring bring Iha I lz of or the company to 10 shares haros 2 The Flie money obtained by II this bond hond sale Ale Alet 5 t x together with the Ihl current earnings should provide all nil will be required i to o built build the extensive milling plant and andl l put nut the property in halM hai to 10 reduce I 4 1 po 10 to tons tOM of ore laitY dally 5 i The Utah Copper occupies I the bottom of ot the main can enn canyon ennon canyon yon on and anol extends for tor a 8 considerable din dIs oance up tip both bolh Its 1111 sides eldee Idl It U bun hu been 1 developed about frt feet one way wa and aeo o feet the other Ont One can lIn enter a at aI I t tunnel I on till the right hand Hide of ot the I fanyon near nr the lower end ond of ot the prop property C erty and affil after traveling for tor ml s 5 lj i through development openings come rome to 1 the 1111 surface on the left hand side iWo of ot the IheI within MO to O or Md fet feet of ot the I starting point pointy y SIMILAR TO BOSTON CON CONj O OI ON I j The same remarkable uniformity of or II f 1 r grade characterizes characterize J the ore of ot this Ihl mine miner mineI I r that In the Ihl Consolidated 1 j 7 It Is that Utah Copper CO P or ores orl a average t to 10 y 4 per cent Int higher In NIp cop copt t IW lOf and that the secondary f I enrichment nf Is 18 MO OO feet ft thicker thick than i I It has hia been bon found In the lon Con Consolidated ConI I This however is 18 a point that Ihal I d M o not call roil for earnest nt at 0 tills thIs time It is III certain that there Is at lit feet feel of ot pay llA ground throughout It iko entire area arM that Is II being belli I developed J f I by hy both bolh companies and anc If It there were re reI only lUll lO feet fHI the deposit ll would still be beof I I of ot tremendous value alue I In pasting It may mil he h NI ald however that several deep exploratory drill holes hol I IH I 1 the Utah Copper Capper property give 11 baste basis 1 f reI er r the belief that the Ih Mr cr 7 riM n approximately J z jr cent ent through out nut ut a zone Ion which w Is I m feet to tW t feet thick If It the new II mill can be mode matte to 10 S pounds of ot copper from oath ton of or rock tork together with 40 Id cents 4 to 10 0 M Ml cents of ot precious metal values alues the IIII property should eventually pay Ia ay worn mace money In dividends titan than has hall so 0 far tar been distributed by bT all aft of ot the great IL 1 AIM and IntI wonderfully mines of ot oft t Superior copper district A PROPOSITION H tt It U Is the Ih Intention of ot the manage management If 1 meat ment of It if the Ih Utah Copper company compan to 10 grind the ore orro In Chilean mills to a fine doe pulp huh and it I It II through extremely 11 l r fine AM CC me h ncr rn ns making lII It viewed R from a 1 milling standpoint a sliming r 1 at al the this start II rl This U Is I be hI 0 1 Ir II d daMe M In the I present mill milla 11 t a AItI d wn s far tar n are r not I all that Ihal o Muhl euld uld be bl de d er rd red Somewhere be he between i tween C U and U CS S t Ir hoer r cent nt only of ot the thes value IUN s are being td Certain are A ar being m df in the Ih tb mill at It present N however which wh h will III bo bl in aKi III In the lbs new mill and andI I lh Ih e are tn to Increase e the net to tn J per 11 cent centA A m of or Me II e c try 1111 i r I 5 U tl m ft of It is h i r rw row w in n u tiso ml r in hi the I compotes II mins 10 I nl no timber Is III tired u and ar are kept down around CO 0 tn to 10 n cent per Jr irr ton III mined III I nl 1 Tim This Th management Is II lo I begin strip the surface from im th Kr great iU H de 1011 of or ore lire arid and lid the tue th Boston Con I on Oft will uie an lii Ihl sloan Unfortunately It ii will II be lie lir lo in haul Jaul the thie greater portion of tot he the material mal I H 1 i of about men seii lillie by II rail II s dUmping ground Is not lIot available at any point It Is ii I believed that thai the Ihl copper now floW hy liv the Hie luli Copper com corn comIn loan In ny about iSOn pounds a I Is post I ne 10 to 10 II 11 I I cents pr 11 pound and nd that fhe ho hI company Is U earning th T fore about ll Jl SI 1 to In S lt 11 per shore Iliff In n nIts Its it II outstanding capitalization Figured PI on Un the I h narn srn m basK bash baI It II would I that hut alter UK Ill lt new mill of oC 6 cloe OH 9 lunA loot dally daIly In Is the fits rapacity of C th Iho mill rI to 10 1940 ieee tons and nd It iL s ei to In 29 19 pounds f copper to tn the ton bit nf ore or It should he bC I Ihla ahlo hla blo tn to produce pounds of ot copper ciper annually and lid earn on an tot 18 cent copper market markI more than Ihn Ie Ieper 10 per share on Its 11 capital l stock lock WILL TJ PLANT PI It I I is understood to b he the Ih Intention to 10 duplicate within a few ft years bars OI the lie C ton mill mil now In being erected 1 lf and to 10 t treat n ii 1 total of ot 1000 tons of ore Ot dally daily ur Ir are certainly II I ambitious plans IlIa II and this the tory Mory tOI throughout has ha the Iho of A t t tall fatty tale yet ft a I core rr I Itil fill til inspection IU of ot tho thu underground workings nf of the Ihl property a review of ot I the and assaying done by several verl I engineers engineer a visit to 10 the pres present pre ent nt mill mi and noid a 1 chocking checking up of ot smelter 1 i roll full to 10 reveal n a single weak k shoot or a 1 i contradiction The whole matter milar 10 to have loran been reduced l to 10 that IhA mathematical simplicity with wih which w A n contractor works work out In ad nd advance vance the Ih cot coat Ct of excavating a 1 canal building e a railroad grotto grade construct constructing e or in log ing if a modern skyscraper office build The fact that titer there Is hardly IU one flaTter of ut 1 I pep 1 cent In any two IMO of ot the thousands of or samples taken Inkel from the Ih tore ore url body ody hoi while milling tests tell art aro proving conclusively this Ihl tan can UI r bf ho de upon and aim ateo ol that the III best practical results can rAi be obtained by h reducing 10 O 0 tons ton of ot ore into Inlo one ton Ion of ot concentrates concentrate scent MemA to 10 shut out every I of ot failure falu and Ald disappoint disappointment ment Given O I good management near nearly nearly ly I nil all ni of the th expectations ton of the tore tors 1011 mutt mu l be realized |
