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Show OIL & MINING JOURNAL AUGUST 31. 1970 DO'7 V0Q17 DfflDQV Continued from Page 4 For any other common stock listed for the whole at period-thmeant 87,990 possible combinations of monthly sales throughout the 35 years. For all the common and purchases stocks on the New York Stock Exchange during all or any part of that period, it meant 56,557,538 possible transactions ! GM--or CONCLUSTIONS Twm Corp. driffiimg, mapping had been our hypothetical investor, here is what you might have expected on average if you bought single stocks by purely random selection: 1. You would have made a profit on 78 per cent of your transactions. Odds of better than three to one. Of course, you would have lost 22 per cent of the time. 2. Your median rate of return would have been 9.8 per year, compounded annually. 3. On more than half of your transactions, you would have a leest doubled your money. 4. Over two thirds of the time, your rate of return would have exceede 5 per year, compounded annually. 5. Almost one fifth of the time, your rate of return would have been 20 per year, compounded annually. 6. Losses of 20 per cent per year occurred only about 8 times in a hundred. 7. Losses hundred. of more than 50 per cent less than two times in a fined molly-copp- er Tuma Corporation of Nevada, with headquarters in Salt Lake Gty, reports that mapping and drilling activities are under way on its molybdenum-coppe- r porphyry project in Sublette County, Wyoming. Tuma, one of the more active stocks in recent has weeks, applied for a federal loan to develop its property in over-the-count- If you PAGE er Nevada. The Wyoming molybdenum-coppe- r porphyry property was acquired by the company in March, 1970, and has been rated by the company's geologist, Einar Erickson, as one of Tuma's largest assets. Mr. Erickson reports that the project is located in the Wind River mountains south and southeast of Schiestler Mountain in the Temple Mountain District. m Wyoming currently mapping and drilling molybdenum compound per ton. Access roads have been prepared into the area, camp sites and other facilities were revamped. The project has been sampled and mapped by various geologists since 1958, Erickson said, and a 250 ton per day mill had been partially installed. The geologist said the mill would be completed and expanded by Tuma to accomodate 500 tons per day. Erickson said the company is to determine the full potential of the deposit and its extension . at depth. The company is seeking funds to eventually increase milling facilities to process 10,000 tons of molybdenum ore daily, to build a cyanide facility of 1 ,000 tons per day for the companys Jefferson Canyon, Nevada, silver project, and a 200 ton per day calcining facility for the ! project Esmeralda County, Nevada. calcium-carbonat- e i in The geologist said the petrographic sampling has confirmed the porphyry characteristics of the deposit which outcrops and in places is exposed for more than a thickness. The deposit is similar to other such deposits such as at Gimax, Colo., or Alice Arm, British Columbia, Mr. Erickson said. Mapping and shallow drilling, trenching, pitting and sampling of the area have demonstrated some 60 million tons of reserve of high quality ore containing 250-fo- ot Dear Mr. Blackburn: In February of 1966 the Dow Jones Industrial Average went through 1 ,000 (but closed slightly lower). When do you think it will get bade to that point? Name withheld. Sir: The next bull market could be very dynamic and carry through 1,000 like Grant took Richmond. But to answer when, is to speculate. The market hit an all time high in the great bull market of the late 20s when in 1929 it hit 381. Then the collapse. It took 25 years to regain the lost ground. In 1954 it finally went over 381. Deear Dear Mr. Blackburn: I thought your readers would be interested in the following statement that I came across in the first report I received from Chemical Fund: In these uncertain times there is need to protect capital against the threats of political unrest, labor disturbance, war and inflation. The report, by the way, is dated October IS, 1938. So really nothing ever changes. Paul Payne. , Dear Mr. Payne: Thats a great one! But can you outdo this one: Our earth is degenerate in these latter days; bribery and corruption are common; children no longer obey their parents; every man wants to write a book, and the end of the world is evidently approaching. This quotation is taken from an inscription on an ancient Assyrian tablet by an unknown philosopher some 3000 years ago. Dear Mr. Blackburn: What about the penny market? Is it time to jump in? W. R. B. Dear Sir: "For the investor in penny stocks, it is still too early to throw caution to the winds. Low priced issues will continue to decline even after the stock market resumes its upward trend. This has always occurred in the past, and we dont expect the current market to be an exception. The low priced stocks are always the last to move So says the Penny Stock Reporter, 608 N. Guadalupe, Redondo Beach, Calif 90277. Write them ifyou want a sample copy. Dear Mr. Blackburn: Someone told me that some stocks have dividends that are tax-freWhere can I get this information? John Dickson Dear Mr. Dickson: The only company that might be able to declare a tax-fre- e return of capital (a dividend) would be a utility company. South West Gas Corp in Nevada frequently has a e. so-call- ed portion of their dividend ruled To get a complete list merely ask any brokerage firm for their latest Standard & Poors Dividend Book. You will find two pages of companies that declared tax free dividends. tax-fre- e. "IT'S YOUR MONEY" appears weekly in the Rocky Mountain Oil & Mining Journal. If you have a question, write: Richard Blackburn, Las Vegas SUN P.0. Box 4275, Las Vegas, Nev. 89106 five to 20 pounds of a oil, gas plentiful Continued from Page 1 trillion dubic feet that can be recovered some day. Considering what isrecoverable with available technology, the council said the oil figure is about 14.1 billion barrels. The number and size of the field which may contain these projected reserves are extremely conjectural, the report said. The presence of one or more giant accumulations is possible. Practically speaking, most of the potential will likely be found in many small to medium-size- d accumulations in the area's vast sedimentary rock formations, the council said. One reason the potential so far outstrips what has been proihiced in those states so far is that the drilling has been ' relatively shallow and widely scatted, the report said. BISMUTH CLAIMS FOR SALE or LEASE: 16 Bismuth claims located in the Winfield Mining Chaffee County, Coloraod. The 5 veins covered by these claims source from the Virginia Peak stockwork. A major District, FINANCIAL FORECAST FOR THE WEEK OF August 38 thru Sept. 5th Middle Mountain mile east of these claims. For further information contact: stockwork Denzel Hatch P.O. Box 185 Buena Vista, Colo. 81 21 1 Phone: (303) 395-840- LIBRA Sept. 23 thru Oct. 22 Your accomplishment urc ARIES March 21 thru April 20 There will be many going to be solid and gratifying. You will put now to keep you financially stable and keep upsets far in the advantages PY TAURUS 21 thru May 20April f working toward a SCORPIO Oct. 23 thru Nov. 22 It will seem mat ever,.c you know will need to talk to you in this period. Give the desired advise and . - much Youll needa decision willpower about you must make. Use all the courage you have. GEMINI May 21 thru June 20 . counsel patiently for you will receive the profits from such action. Communications take on a new and almost panic type of speed. This is a good area for you, personality wise and also financially. SAGITTARIUS Nov. 23 thru Dec. 21 You will be a tittle gloomy about matters that cause delay. You may also be somewhat lonely but it will I be refreshing after an extremely social period. CANCER June 21 thru July 22 Emphasis may be on moving your dwelling or office because of internal pressures. an& pleasure aside in favor goal background. This is a challenge to you and can be of benefit. CAPRICORN Dec. 22 thru Jan. 1 9 Enjoy your life now. Cut loose from some of your hindrances and just take a carefree attitude toward work that has been claiming all your time. AQUARIUS LEO Jan. 20 thru Feb. 18 Bend your efforts toward showing what you can do July 23 thru August 22 This period can hold solid gains, clear understanding. Youll have an open mind aimed for financial improvement. mining company is currently drilling on the By Marie Cex VIRGO August 23 thru Sept. 22 Make friends with new business people. Being accepted by peers now can lead to a whole new money adventure for you. in a professional way. Money will come like clockwork as your plannning ahead will guarantee. PISCES Feb. 19 thnt March 20 There will be many new areas of investment open to added you. Dont let cloud your buying power course reason, set a smooth of action. 8 ir xc 3C1 I |
