Show MiNES AND I EDITED TE BY F. F W. W SPRAGUE p i WESTERN VESTERN UTAH PLANS TO BUILD BUILD SMELTER Secret of Company's New Activity in Deep Creek Is Finally Finaly Out Out FIGURES GOOD PROFITS Fortune in Treating Ore in inSight Sight Good Money in Custom Work That tho the Deep Creek country is to have havo a n smelter cr whether It has ha a railroad rl- rl rail nil road rond or not Is believed to be as a- a as- as As a matter of ot fact the deIR deIRy delay de de- de- de IR lay IRy in getting a 0 0 railroad has had hed much to do in bringing about the determination deter deter- ruination to build a smelter It has lias been known for or some time that tho Western Vestern Utah Copper Coppet company com corn pany was figuring upon resuming op operations op- op at Its iR Gold Hill Hi property The Tho manager of oC tho company compan has hns said within tho the last lat few days das that something some sonic thing would be doln doing there er very soon But tho the management has not divulged tho the basis upon which operations areto are arc to bo resumed Purely by accident was ns It I ascertained ascer ascer- tamed yesterday that tho the basis is a 0 of ot at least OO tons a day ca pal pal- Several months ago o a n detailed re report report report re- re port of or the company's compans resources with witha witha a a recommendation of ot the b best t plan of oi utilizing them was submitted to tho the stockholders of the company compan b by Manager Manager Man Man- ager II I. I II I. I Green and concurred in b by En Engineers and Bel Bel- linger The Tho To recommendation was wn that tho the stockholders nse assess s themselves for to build a a. n matte mate smelter And there thero is every cP c reason to believe c beJe that the report has ha been acted upon tipon favorably favorably favor favor- ably that tho the smelter will f bo be bu built J Profits in Sight The report showed that tho the company com corn pany has hoo blocked out in its fl Gold Gol Iii Hill Hi mine 1 tons of ot oro of tho tim gross And it is value of ot I i estimated that with wih OOOO Invested i in n n n 1 It ft ran can ati bo ho mined and treat treat- cd ed a vit with a a- a anet net net net- profit of or O. O This Is counting the price of ot copper at 1 12 4 3 cents J less ISS ss 2 4 1 cents for tor transportation refining and marketing market market- ing InS and with wih tho tim deduction of six pounds to the ton of oC ore for Cor metallurgical metal metal- ur fal loss It It Is estimated that the company will be able t to to- produce copper at acost a aco acost co cost t of 0 9 4 1 cents a pound or at cents cent a pound when credit Is taken for tho the gold old and ad silver siver contents content contents con con- tents tent of tho Gold Gol Hill Hi ores And It Is without considering fu future future future fu- fu ture development of tho the oro ore bodies or profits from smelting custom ores The Tho To report enters enter with wih some somo detail Into tho the po possibilities of ot profits from custom wo work work k showing that the tho freight rate with wit the tho long wagon agon haul to railroad would enable tho the smelter on the te ground to make mako a treatment charge that would be attractive to ore producers and at the tho to same me time would leve leave a a. a good margin for tho the smelter I i The rhe report even cven points out nut 5 to the stockholders stockholder that the building o of tho the smelter at this time timo would enable tIm the company to realize from Its it ore oro blocked out a greater profit under present conditions than would bo be possible possible pos pea sible to obtain later ater when transportation proved tion ton facilities shall bo be further im Im- Im- Im May In Take Plant It I Is also suggested In the report that tho the enforced closing down of certain certain tain lain smelting plants plant by smoke Injunction tion ton has ha rendered of ot emaIl mal value to tho the owners owner a great deal ceal of or machiner machinery machin machin- cry ery er which could bo be utilized In tho proposed proposed proposed pro pro- posed new pl plant nt This oC or course cours re refer refers refers re- re fers fer In particular to the Idle plant of the te old Consolidated company compan whoso whose largest stockholders arc Aro among the heaviest owners of ot Western Utah Copper these Including ing log F. F A. A A and E. E L. L White There is no doubt that the company would bo be glad sIad to realize from Us Its iH plant Just about what the Vest Western rn Utah would bo be glad to pay so 80 s that tho the deal would be bo ono one of ot advantage advantage ad ad- vantage all al around Th The showing mado natural naturally appealed ap ap- ap- ap pealed to Western Utah Uth shareholders especially in the light of ot tho the Improved condition of tho the metal market it Is shown that with wih copper at 15 Hi cents cent I i ia a a pound there thero would ho bo a net profit of ot 40 a ton from tom the tho average of ot oral all al the ore blocked out In tho ho Gold L Hi Hill mine It I need n not t be bo at all al surprising If II l the tho work of ot dismantling the I plant and shipping a largo large portion porton 01 oL P the the equipment to Deep Creek should o be bo found t to be he in progress by the time th the Western Pacific railroad Is ready rcy to transport freight to that count country |