| Show BOSTON CONSOLIDATED WO FUL PRODUCER Mines Mine's Resources of Milling and Smelting Ores Are AreM M Marvelous V The rime Boston Commercial of or recent dao o contained interesting interesting- comment ta upon the lie present performances and amid ald future prospects of oC the Boston Consol Consol- Consoli Consoli- dated It I said sid that tha 1 Officials express conf confidence euce tho they thoy will wi bo be able to complete the 3 ton tomi tOI mill mi now under construction without Increasing the company's company's capital capital capi capi- tal or otherwise calug calling on stockholders ers for Cor or new mone money The They believe that the company's entire financial requirements requirements require require- ments can cn bo ho taken care of with cash cashon ch chon on hand and shipments of smelting ore oro from its it sulphide mines Tho The I company Is now sending forward GOO tons of those ores daily giving It I a pro- pro of or or or- more or-more more pou pounds ds of or copper monthly V V After Its Itu Is now no nomi mill mi Is lis completed Boston Consolidated should hould bo ho 0 able to produce at least Iest pounds of ot copper monthly at a a gro gross s cost of 9 to lo toO 10 O cents giving 1 II It i a n profit prof of monthly or annually equivalent to lo moro more than 9 9 per ler share on a a. cont 25 copper market With such earnings the lie company compan would beable bo be able to lo pa pay for Cor time the further additions to its Is milling capacity and aHl at the same time limo distribute dividends en s without expanding cx- cx pan Us Its il capital II It I Is not nol improbable improbable able however er that the management may decide to built build the second and third units of ot its is mill mi Immediately after the first unit is given iven a thorough test and In such sueh an event the money moncy will wi probably be ho raised by a a stock Issue is issue is- is sue suo to lo stockholders erslie ers Few lie people realize tho the tremendous V ous possibilities and probabilities which arc are bound up In tho the Boston oslon Consol Consolidated property Briefly y stated slate there is la a bed of or milling ore about feet lont 2500 tOO feet and averaging l g- g 2 o io lo to 00 feet th-ic th thick wl it It lies at a depth of or 50 to 60 69 feet fcC below Iho Llio surface and the time superficial material ma ma- Is being removed with wih steam shovels and railroad hall trains and preparations pre ma made mado o to mine this ore ole by ly tho the same ame inexpensive process Tho The most careful and anti painstaking milling tests furnish basis for tho the belief that this ore oro will wi yield at least 25 pounds of copper and 25 cents in gold and silver siver to the ton giving it a value of on a a. cent 25 cent r-cent copper market or 01 4 per ton lon on cent 15 copper It I is expected that gross gOS operating costs will wi amount to less les than 2 per ton re resulting re- re suIting suling in hi 11 a profit of 2 to 4 per ton As there are ale at least tons lons of this ore however there are arc probabilities of net earnings earning of or 01 or nearl nearly per Ier share shuro for Boston Consolidated's capital stock even cn c though the profits should amount to only 1 1 per leL ton In Iii addition additon to lo this Ibis Immense deposit deposit de de- posit of or milling ore Ole time the company companY has opened two Iwo large bo bodies ics of smelting Smelling oro ore similar to lo that mined by the Utah Consol Consolidated alc company though perhaps per haps Imps not quite a au an high in jn grade ralo The I latter latel ore bodies are estimated to lo be worth not net thou though li development to may add mId considerably to 10 their demonstrated extent and value I Talk Talk- of or Smelter It I Is not Improbable that Boston Con Consolidated may unite with wih tho time Newhouse Newhouse Newhouse New- New house Mines Smelters company in IlL the tho erection of or a smelter Samuel Newhouse was quoted recently as ns say ay- IY- IY irig Ing the Garfield Smelting company's corn com COI- COI pany's refusal to receive o and treat a specified amount o of no Boston Consolidated ed cd ores le legally nl broke broko the lie contract ex ex- between the thc two companies By this ho evidently meant that thal Boston Consolidated was now at liberty to tomake tomake make malo a new smelting contract or to erect a n plant of its It own Recently Mr Mi 11 Newhouse has taken up tho ho question of possible damages to agriculture ih With Ule tue farmers armors residing in the vicinity vicinity vicin vicin- ity iy of Utah lal lake it being his eident intention to build a smelter provided pro a ough liot-ough h and satisfactory understanding understanding under under- standing can cn be had with tho time a tia-al tia interests in advance Such a n would add ord considerably to Boston Bos Boa ton lon Consolidated's not net profits |
