Show moab mines inc stockpiling mercury ore moab utah moab mines inc aim ann bounced that mercury ore is now be ing stockpiled at the company s bl BI ack crow mine in mineral county nevada present deposits of cinnabar mer cury ore in sight near the surface are valued at approximately fifty thousand dollars wholly owned by moab mines inc and royalty free the mine mines s facings in the fifty foot incline tunnel indicate that the ore becomes richer at depth inferred ore is now valued at two hundred thousand dollars roadwork is now being completed on the property the ore will be sh dipped to the red hill mill in bishop calif approximately fifty miles from the mercury mine A thirty dollar per ton net profit should be realized from the ship ments after deduction of mining milling and transportation costs the federal government has peg ged the price of mercury at 00 per 76 pound flask until december 1957 the current market price is reasonably firm at 00 per flask |