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Show The Motional Enterprise , December 15f 1976 Page four to Buy Valve Companies Galveston-Housto- n Mining Highlights UPWARD TREND SEEN FOR SILVER Noting that in the past five years the Free World has consumed nearly 1 billion more ounces of silver than it has produced, the general manager announced that he had resigned, effective immediately. The official also had been heading negotiations with the striking United Steel workers. Baxter Letter said that this imbalance between supply and demand will persist for at least the next several years and should drive the price of silver much higher than it is today. . .Bill Baxter, publisher of the market advisory service has just visited Idahos Coeur d'Alene Mining District and toured the new Coeur silver mine, owned by COEUR dALENE MINES CORPORATION and ASARCO. operated by GOLD PRICE ADVANCE LAID TO ARABS The Chris- tian Science Monitor called attention to an economic re- search report stating that some Middle East oil producing nations appear to be buying gold as a hedge against depreciating cur- Arab rencies and inflation. in Britain said to are investors have lost heavily from the recent sharp devaluation of sterling. . .An article in Barron's said India has quietly shut off exports of silver, which have been running around 40 million ounces per year. URANIUM HIGHER PRICES SEEN Prospects for higher oil prices are pushing uranium prices upward and causing a global scramble to stockpile the nuclear fuel, according to officials of the International Atomic Energy Agency. Natural uranium now costs $42 a pound for immediate delivery, eight times more than in 1972. . .MID-NIT- E MINES is the lone uranium producer and dividend payer in the Spokane area One analyst at present. estimates Midnites proven ore reserves of uranium oxide at one-haa pound per share which would equal $21 at current prices. A number of other locally-trade- d mining firms have acquired acreage with uranium potential and some have signed exploration outcontracts with major side uranium producing lf companies. CALLAHAN MINING The owner of the ASARCO operated Galena mine in the Coeur d'Alene Mining District's Silver Belt, estimated that its 5 percent operating interest in the new Coeur mine will add 5 to 6 cents per share to its earnings in 1977. . Earnings from the Galena mine have accounted for 50 to 72 percent of Callahans pre- tax profits over the last five years. LITTLE SQUAW GOLD firm reThe Spokane-base- d ported recovery of 275 ounces of gold from intermittent tune-u- p mill operations and mining of 463 tons of development ore this past field season at its Chandalar District property in northern Alaska. Next years mining work is scheduled to begin early in April. Planned improvements are expected to result in a milling rate of 100 tons per day with a 75 percent recovery. mill COEUR Heard on the Street" says the only long term protection against continued currency debasement is gold and silver. When this fact emerges again in the minds of investors, the stampede for' precious metals will be deafening. MINES CORPORATION WAS ONE OF THE MAIN TOPICS OF DISCUSSION AT THE in Convention Mining Spokane. It is the nation's newest silver mine and will produce over 2 million ozs. of silver annually. All mining is done from the estimated 900,000 tons of ore reserves. Silver runs 21 ozs and copper 0.78 percent. AMERICAN SILVER Tenative agreement was reached with Coeur dAlene Mines Corp. early this year on unitization of the American Silver property and CDA Mines claims south of the Coeur Project. Development of the area has been held up by disagreement on what operating interest ASARCO would have in the area. Mining Montana. said. JWj Augment your income ill with our organization (without leaving yours). ... js. M5 . Alpha Group Ltd. is a newly formed national marketing network dealing in OTC financial PR advertising. We are currently selecting regional representatives who can-ia few hours a month-augm- ent their current annual income by as much as $10,000. If you are a savvy, PR oriented broker, you can work with us while making your regular corporate contacts. Our proposition is solid, lucrative, and worth your investigation. Im Raymond Peterson. Call me collect at (801) Youll find the details attractive. . , v; :: A . v s v s s' 'V v s V i','; A 538-055- 6. : i ' k 'ZM-- s Mi- GROUP UD. ft week. EAST SILVER BELT ISSUES have been in demand on the market the past 10 days. These include with the 1968 high Abot Mining $ LEAD Galveston-Housto- n f v v . shipped from NESCO MINING The Nesco selective floatation mill near Nespelem, Wash, has been returned to operation by miners who agreed to pay Nesco $5 per ton for each ton of ore milled from their nearby Nesco also will property. receive a 10 percent smelter return on production from its Pacific Mutual mine. Twenty tons of concentrates made from Pacific Mutual ore were shipped to a smelter this $1.2 million, al IffiOE District. Mascot's Meadow mine in petro-chemic- m.. Twelve tons of silver ore have just been hydraulic and pneuvalve actuators used primarily in the petroleum, chemical, and For the ten industries. months ended Oct. 31, they reported unaudited sales of $8.4 million and net income of make matic 4 Pittsburg mine and the rehab-ilatate- d Nabob mill in the Pine Creek sector of the Coeur d'Alene The Bettis companies ,,A MASCOT SILVER-LEAD- An initial royalty payment of $1,317 was received from Intermountain Engineers, operator of Mascots Little and Bettis Actuators & Controls Ltd., Southampton, England, and certain other related assets for an undisclosed amount of cash. Galveston-Housto- n announced last week it intends to close the transaction during the last two weeks of 1976. - A, ; V DALENE SUNSHINE MINING h Amid rumors that the $3.40 ATLAS MINING Sunshine mine labor $5.25 LUCKY FRI EX. and VINDICATOR strike is nearing an end, the $1.25 companys vice president and SILVER LEAD $3 a share. nine-mont- WALL STREET JOURNAL, HOUSTON Galveston-Housto- n Co. (OTC 14.375, 14.875) has agreed to purchase Bettis Corp., Houston, Salt Lake City Denver V : 4 .s- 1 s A s n |