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Show PAGE OIL & MINING JOURNAL 4 bit's mm Mi? RfCHAtO BLACKBURN AUGUST 24, 1970 Comet Coalition Mines to appeal if suit to cancel lease fails E Comet Coalition Mines Co., Salt Lake City, will appeal if a Both are in receivership in Nevada proceedings. The trustee federal judge does not rule in for both has claimed the Pin Am favor of lettiifk the company, Joint Venture lease of Comet cancel its lease to the Pin Am coalitions Pioche, Nev., Joint Venture. properties as part dark L Wilson, president of of their assets. The judge is Cbmet Coalition, told the annual considering a Comet petition to stockholders meeting that have the lease revoked on Comets position in the case is a ground of several breaches of good one. contract The venturers in the Pan Am The properties include the Joint Venture are Grand Deposit Pan Am Mine and several Mining Co., once headed by patented and 200 unpatented uranium millionaire, Charles claims. Steen, and Combined Metals Though the properties are Reduction Co. now locked into the lease. lead-zinc-silv- Dear Mr. Blackburn: Would you explain what a PE ratio is? Russell Jones. Dear Mr. Jones: Its been said that a stock is worth what someone is willing to which a stock sells pay for it. To be more precise, the price at time. represents the buyers opinion of its value at that particular A number of yardsticks are available to the investor who wishes to arrive at an independent judgment on the worth of a stock. Among them are such factors as book value, net per share, rate. Perhaps payout ratio, cash flow per share, and the dividend two of the most widely used measurements are the pricelearnings (PjE) ratio and yield. The PE ratio is the relationship between the market price and the earnings per share; yield represents cash dividend income as a percentage of the market price. Lets assume that XYZ is selling at $50 a share, is earning is $2.50 a share and paying out $1.50 in dividends. The PjE ratio 20-to--l, The PjE ratio is calculated by dividing the the yield market price by the earnings per share; yield is determined by as illustrated dividing the cash dividend by the market price-- 3. below. In working out the PE ratio, some market analysts prefer to use earnings per share in the latest full year; others may use most anticipated earnings for the current year. But perhaps the 12 latest the widely used method employs the net per share in months. Dear Mr. Blackburn: I am glad to read about the drilling funds in your column. I have known about them for quite some time and have taken advantage of their very liberal tax shelter. Would you like to know something else? 1 use these drilling funds with my church donations and deduct 180. In other words I make a profit on what I give to my church. How does it work? Simple! Last year I put $5,000.00 in a drilling fund and deducted 80 of my investment on my income tax. At the end of the year my 1 donated the whole drilling fund was worth $5,575.00 so investment to my church and deducted another 100 on this total of S5.575.00. And I did this with a complete agreement with the Internal Revenue Service. What do you think of that? Name withheld on request. Dear Sir: Just fine! You are only utilizing the opportunities that are available and I see nothing wrong with it.You certainly should take advantage of every legal opportunity in order to reduce taxes and this particular maneuver is used by many people. Before a novice should experiment, however, they should get the best advise possible because if the fund does not increase in value they church at the end of may not have any money to donate to the the year. Continued on Page 5 This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The Circular. offering is made only by the Offering 7,000,000 SHARES Common Stock $0,005 Par Value Kings River Mineral Company OFFERING PRICE: $0.03 PER SHARE Copies of the offering circular may be obtained from the undersigned only in states where the undersHpiea may legally offer these securities in compliance with the securities laws thereof. BONNEVILLE SECURITIES, INC. 601 Keanu Bldg. Salt Lake City, Utmh (101) 322 - 3S1S er This announcement is neither an offer to sell pending the court ruling. Comet Coalition has been talking with several Re-openi- ng development and equipment addition, Wilson pointed out, saying, We are only interested in people who really will go in and do something. Were not interested in anyone just wanting to mine the bank account. Comet Coalition has tried to have its lease with the Pan Am Joint Venture vacated on grounds of several alleged breaches of contract. Comet trades on the Salt Lake Stock Exchange, and is now largely held by International Smelting & Refming Co., which nor a solicitation securities. The offering is made only by the Offering Circular. UTAH RESIDENTS ONLY is wholly owned by the Anaconda Co. IS&R holds 879,550 shares of the total Par Value 7,816.150 Shares Common Stock- -1 third of the parties for the Pioche property, Wilson said. will take a major of an offer to buy any of these NEW ISSUE substantial 1,875,000 outstanding. REVERBERATORY METALS, INC. Environment vs economy? McCALL, Ida. Offering Price: 2 Cents Per Share -- An Copies of the Offering Circular may be obtained from the undersigned Idaho for Demands leader said mining a higher quality environment are threatening to run a collision course with our entire national BONNEVILLE SECURITIES, INC. economy. A. J. Teske, Boise, executive secretary of the Idaho Mining Assn., made the statement in a talk to the annual conference of 601 Kearns Bldg. (901) Western States Taxpayers. Environmental standards, Mr. Teske said, may have to be Salt Lake City, Utah 322-35- 19 applied gradually to Limited to Bona Fide Residents of the State of Utah ... economic chaos. COMING... OD of over 200 PENNY and other low priced Over-The-Count- Stocks er T rading Actively in UTAH and the Intermountain West O.T.C. Digest Tells You Each Companys 9 Address 9 Transfer Agent 9 Capitalization 9 Officers 9 Annual Meeting 9 Current Activity 9 Dividends 9 Name Changes 9 Mergers 9 Financial Data 9 History 9 Recent Prices also Commission Rates - Mergers fir Name Changes PUBLICATION DATE: SEPTEMBER 1970 CHRIS S. AAETOS PUBLIC RELATIONS 308 Ness Building Telephone: (801) 363-220- 3 Salt Lake City, Utah 84110 Also Publishers of Digest of Stocks Listed on the Salt Lake Stock Exchange avoid |