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Show - The Future of Our Prospects Mineral Point and Lucky Star Now Being Be-ing Negotiated For by Capitalists. Providence Iron Prospect Said to Possess Pos-sess Twenty-five Dollar Values. The 3100,000 deal for the Mineral Point property has not yet bein consummated, con-summated, but It is more than probable prob-able that a satisfactory understanding will be arrived at In a few days. The people who arc after the property, The Colorado Iron & Fuel Co. It Is said, desire u nine months option, agreeing to do $10,000 worth of development work, and if on June 1, 1007, they deem the property what they want they will pay $100,000 cash for It. The agent, Krnest Wilson, through whom the deal Is being made, lias no doubt that the giving ot(tlio option really means a sale, fur In his opinion the property Is all that could be desired. de-sired. Other experts who have been on tho property express the same opinion. .As we understand It, the company wants the property for the Iron there Is on It, the product there being the very finest for the making of steel. The Colorado Iron and Fuel Co. has immense rolling mills at Pueblo, Colorado, Colo-rado, and desires this Iron for use there. The company Insists on thoroughly prospecting any property beforo tlnal purchase, hence tho demand de-mand for the option. There arc some minor stipulations or considerations that require ad-Justing ad-Justing before the signing up of the papers. ' Another Good Property. M. W. Chrls'tlan, tho representative of the Colora'do Iron and Fuel Co. who came up to close the deal with the Mineral Point people, went with Leo Nielsen to the Providence canyon Iron prospect on Thursday. Ho was fajrorablv Impressed with the iron Itself but was inclined to feel that tho property was not big enough for his company. Tho 300 feet tunnel there, which Is said to go directly through Iron, was caved so that tho real extent of the iron deposit was not discernible. Mr. Christian said that the property Is undoubtedly a good one and that the Iron Is superfine for lluxlng purposes. pur-poses. Ho also mado it known that the iron carries certain copper values, siilllclcnt Mr. Nielsen says to run the total values up to $25 per ton. Leo Is highly pleased with Mr. Christian's expressions despite the gentleman's Indisposition In-disposition to mako an offer for tho property. He is contldent that when the tunnel is opened up properly sufficient suf-ficient iron ore will be In sight to Interest In-terest any company. But it doesn't make any difference if contracts to furnish ore for fluxing purposes can bo secured, and Mr. Nielsen has little doubt of this. The LucKy Star. Either today or tomorrow certain people will be In Logan prcpaicd to mako some kind of an offer for tho Lucky Star property. It Is not known what kind of an oiler will be made, or who the people arc, but It Is believed hero that the agents will come for the American Smelting and Refining Co. Newt Farr has been pushing this property and Is said to has Interested people who arc well worth the while. |