Mohave County miner., 1899-05-13

tryo, but as matter OF fact II Is not.
And the reason Of delay or failure too
often restR entirely with the owner, in
the simple matter nj over valuation, or in
making terms of sale so hard that the
would be purchaser refuses to close ioi
the property, says the Rat PJrtage
Miner.
! II is clear that mining proposition
can only he valuable to the purchaser
and the prospector or owner alike by de.
post Of ore bodies their ASSAY values Or
other tests, the developed ore bodies. or
also from what the property has pro
duced. IL is obvious that IN any event
the purchaser on cash basis has to take
all the chances, even calculating on the
owner or prospector being the recipient
OF a sum sufficient to cover all expepsec
in way uf locating the claims and for the
development, II any, and a comfortable
margin besides. But usually the pros
pector wants more, and puts q price Of
% ,000s, 80 ,000$ or 100, ,0o0s on a prospect
that did not cost him 50U$ Such men
would sniff at 5,000$ cffrr, no,vith.
standing the reaiv cash in their hands
would make them independent and put
them in the way Of securing other pros
pects as good II might be noted here
that the owners who accept reasonable
price or off4r for their claims or mines
have bank accounts and are on the road
to wealth and influence The men who
want a fortune at one jump for their
claims have their property today and are
likely to keep them fer day and day.
The prospector must understand that
it is not all plain sailing for purchasers
after the sale is effected For instance
we will take sale involving 50000s as
the first cost OF the mine. II is rarely
that such a snm Of money is put into a
mining venture by one man lnetead
the money is provided by number OF
individuals, in such amount as each is
a BILE to invest. The original invest ment,
however, Is only the beginning Of neces-
sary outlay. The property must he de.
veloped. To do this properly expensive
machinery must be purchased, and all
the thousand and one things that 20 into
the making Of successful mine. So it
10 the enterprise, while i'm mportant and in
fact necessary, is only the first step in
the work and is the least in expense and
attendant risk Of failure
II also takes time to open and explore
an ore body, besides good financial and
business management. Three months
would he quick work, and at least that
time should be given intending pur
chssers before completing the sale, OF
course with small percentage Of price
paid o~ntrs in advance.
The fact OF the matter is that more
mining sales are defeated 10y owners
standing out for an outside price than
all other combined causes, and every
man who has been interested in pro.
noting mining enterprises knows this to
he tue.
II owners want to sell their property as
expedliously as possible, they should
fret, be reasonable in price, second, show
up good body Of ore, with the more de
velopment the better; third, give plenty
Of time for examination, and fourth, ad.
vertise. II these propositions are tol.
lowed, success will crown the efforts Of
owners in effectIng sale.
But, the successful selling OF q pres
pect does not always mean that the
property will make successful mine,
as that takes time and money, with a
certain amount Of luck TO accom- plish.