Show I NEVADA CON GON HAS 1145 I I AHEAD Cash and Copper on Hand Exceeds Exceeds Exceeds Ex Ex- ExI Ex- I That That Increases Increases Output The Nevada Consolidated Copper cr company suld said President upon I hIs hla return to New York rom the West Is not a n dollar and has In cash cosh accounts receivable copper In lii I transit to market and at nt smelter BlUcHer over Tho only liability is 18 for current operating operating- expenses To complete the tho fourth unit of ot tho concentrator and all other construction construction construction tion and extensions under WR way at the smelter will require Tho The company carries Its own copper and has never borrowed a dollar on Its out- out put puL The rhe company started a year car ago aJo last April shipping ore to tho the first half halt of or ortho tho the first unit of 0 the tho concentrator at atthe atthe atthe the rate of ot tons ms a da day It la JA now shipping better bettel than 1000 tons a no Ila day while overburden o is being removed at the rate of tons a 3 month An- An otier steam shovel ha has been ordered with the aid of or which it Is expected to remove tons overburden a month During the thc month of or April close to two million tops tors of or oro ore was developed and It is now stated that more than tons tens of or commercial oro arc are blocked out In the property About tons are in the tho Copper Flat section and the tho balance Is in the Ruth section The Tue drills havo have a again aln been started and anti are blocking out ore It is confidently believed beHoved that many more millions of ot tons will be added to the theore theore ore oro reserves this summer During the last year car tons o-f o oro ore havo have been treated at the Steptoe plant slant which are said to havo have averaged ell 29 9 per cent for tho the year This Is the tue highest average for a working porphyry porphyry porphyry por por- mine with the tho possible exception tion of or tho the newly acquired property of tho the Guggenheim in tho Braden Bradon Copper Copper Cop Cop- per company compan In Chile The rhe ore oro on the tho east side of or the pit pt and adjoining the tho EI Ely Central which is under 50 CO feet of rhyolite wi will wih 1 average average aver aver- age better than 3 I per cent copper This is considered the tho richest part of or tho tue pit ia a fact that discredits man many promInent promInent prom prom- engineers who who- are arc on record with declarations that no commercial ore would bo be found under the tho rhyolite |