Show MINES AND INING EDITED D' D B BV by P. P W. W PRA UTAH Ill COPPER TURNS OUT nUT METAL CHEAPLY L Wholly Probable it Will Cut Cost of Copper to Seven Cents EARNS BIG MONEY NOW T Will ill Make Upwards of 3 a aShare aShare Share With Metal at ati at i Twelve Cents General Manager er D C. C of the Utah Copper company compan In an In Interview In- In recen recently tl printed in this newspaper news news- paper indicated Indirectly that he ho expected ex ex- peeled the com company pan to make copper at a cost of or seven cents a n pound In Indirect r direct statements he has never made his estimates below cl eight ht cents a pound But Dut In view of the fact that that figure alread already has been touched with only two thirds of or the big mill In operation and with the richer portion of or the big porphyry ore bod body not yet yetI et I I reached It il would no not be at al all surprising surprising j ing If f the seven-cent seven mark would be high when er e everything is In full swing A statement has been heen prepared in Boston Ponton showing the following allowing figures J as to tons or ore are treated pounds pound of or copper produced co cost t of making copper copper copper cop cop- per per pound and I total profit of the company compan for the last three months month of Ci 1907 r r. r Tons crude crudo Pounds cop Total r treated prod produced Post ost per Ih lb profit October 1 I co November ember o 9 c 1541 J December I t R. R I- I For C mos July to Dec Inc EarnIng Tho company's s mills should hould be he to in full capacity by hy June 1 I 1 1 1908 OS when hen the company will he bo ask assured as as- k f a n. production of or r pounds 1 nf of copper per annum at a cost t I cents per pound including all refining relIning transportation and selling i charges It is declared that the stock should earn at various earious copper quotations quota quota- t tl the i following following- amounts per share 1 29 iSe 1 Oc sn 11 lie c. c 4 I 1271 71 iSo 3 1 Th The Theore ore orp now being treated In the mill and and on on on which a cost of eight cents per pound has been demonstrated demon demon- emon- emon lies near the capping is part par- par t oxidized and of lower grade pian the the material beneath ath which con- con t. t t the ho bulk Ik o of t the pre ore bodies This higher j p percentage re tago and and de decreased r i oxidation increase the saving by hp three pounds per ton Lon and It I Is expected that thata a n. total annual production of or pounds of copper can be produced A 1 t by hy this company at a cost of or 7 cents L lf 10 t. t per pound i h Wholly Reasonable Estimate On the assumption of a n pound copper production per pcr annum at fit 7 7 4 cents Scents per pound it is estimated estimated esti estl- mated tho the company can earn the following fol- fol lowing vIng amounts per share at nt various copper quotations quotations- 1 44 I Oc 1082 lic 1524 1 f During the month of January tho the I company treated tons of oC ore i from which thero there were produced approximately ap- ap proximately 3 pounds of or cop cop- per The The- company has luis the following followIng- ore are reserves s OO OO tons ore are tons of or probable ore i and tons of po possible ore assaying as- as K saying per cent copper 15 ounces silver cr and 15 ounces gold It is stated that b by June 1 the combined com coin plants will handle tons f of or ore per da day allowing 10 per cent V i t for idle time lime or approximately 2400 4 y tons tons a year car A ratio of concen- concen rL I ration i-ration of oC 22 22 HJ tons into one does docs ti much toward the mal making of oC copper at such a low co cost t per flOE pound w By P the he underwriting of the present v bond Issue the company compan Is a assured o of ample worl working capital and It is predicted predicted pre- pre dieted that the first dividend on the thc 5 stock lock will be declared on or before L' L July 1 1 1908 1 The rhe com company pan has shares Is Issued Is- Is sued together bonds L |