| Show H C bakeh iq CAPITAL mr air 11 II C baker the genial mining linins magnate spent a few hours of thursday evening last in brigham having come down from the mine in tho tops of the mountains east of lakeside mr eaker baker returned only four weeks ago from a long visit in the east where lie he succeeded in interesting capital to tile the amount of tor for tile the rebuilding of the old mill at the ills toot foot of the mountain which will be put in shape to mill the products of the mineral ridge group of claims and extract the valuable ores in chatting cliatt mg with mr baker about his experiences east he stated that the first mention of his proposition brought little encouragement from the capitalists as the local proposition is not and was not so represented a bonanza the ores are of a low grade but the tremendous quantity makes it worth while to mill them and that was mr air bakers story he was not discouraged by the rebuffs he received at the outset but continued to liang hang around for several months until the parties to lie he had unfolded his story upon his arrival became convinced thru the abnormal rise in prices of metals of all kinds on account of the war that perhaps mr air baker had something that might be worth while they sought him out and asked to hear the story again it was told to thorn thom without any trimmings whatever but by a consistent calculation of what the ore was worth together with the cost of reducing it with the result that the capital was underwritten under written and mr baker came home prepared to go ahead with his project of remodeling and re fitting the old mill after which activities will begin and the group of claims owned by the mineral ridge mining alining company will become producers and shippers in calculating the net value of the investment eni mr air baker used one days production of ore as a basis which is tons according to the assay made the concentrates contains one ton of lead in twelve tons of the natural ore as it comes froma the mine which makes a little over 8 tons 0 of lead in every days output of ore at the mine this metal in its milled form sells for 30 per ton and it also contains some silver about 8 ounces which is worth 45 cents per ounce net the gross value then of a days output milled would be calculating the cost ol of producing the lead ore and putting it on the market mr air baker included evry item that could possibly enter into tile the operation as a charge against the gross value and lie he tabulated it as follows mining alining tons ral Q 1 per ton training tons mine to mill 1000 concentrated at mills 12 to 1 hauling mill to shipping point 8 tons freight 8 tons to smelter 2000 sampling 8 tons per G SO treatment charges per 2000 marketing cost 8 tons office expenses per day total taking the total revenue which was per day and subtracting the cost of producing that revenue which is gives a net profit of 2170 per day and while this Is no great bonanza in mr air bakers own words it is paying expenses and developing ve As stated in the beginning the ore is present in tremendous quantities and bearing as aa it does traces of silver the assumption very naturally follows that extensive development will reveal something better hut but that Is assumption only and mr air baker does not hold that out as a tempting bait in any way but is content with the result as obtained from the above process of mathematics one thing more which mr raker baker is assured of Is the presence of antimony in the concentrates and lie has a ton of the metal in sacks on the porch of hla his cabin at the present time this metal Is worth a pound which makes a ton of it worth one man will gather one ore sack of the metal in a day and two men are now at the mine gathering this min ra ral I 1 bringing in their two sacks every evening mr air baker has haa great hopes tor for the All mineral ridge group and just as soon as the mill can bo be rehabilitated the world will be given an opportunity to see just what they can do jt it should be remembered that zinc is also a component part of the concentrates and right now that metal meta Is greatly in demand only last month the zinc mines out on the promontory paid a dividend amounting to |
