The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1905-10-20

To Mining Brokers and Mining II
vestors:

To Mining Brokers and Mining In
vestors:
In view of certain statements which
have appeared in the press in various
parts Of the country, exaggerating un-
Intentionally, no doubt, the present
position of the properties of the Royal
Gold Mining and Milling company, and
Iby which brokers have been misled
into overestimating the intrinsic value
of the company g stock l deem it my
duty in the interests Of brokers and
Investors alike, as well as in justice to
the company's management, to make a
public and authentic announcement.
In these newspaper dispatches the
Royal is referred to as a producing
company. Naturally investors have in
auired of their brokers as to the adj
visibility of purchasing the stock, and
naturally many brokers, assuming
these reports to be true, have written
their clients that in view of this the
present price of the stock was ex-
ceedingly low, and was bound to
rapidly advance. In some instances
they have estimated that the stock
will probably shortly command fifty
and sixty cents per share and have ad-
vised their clients to purchase with
these estimated profits in view.
! desire to say that such statements,
however gratifying to those connected
with the company, may nevertheless
work a hardship upon all concerned in
the end.
While the present showing on all the
company's properties is such as to
- .14;-n+ aoc,raJ ffc
properties cannot at this writing be
termed producing properties. Work is
progressing actively on the various
groups and leases, and the assay values
are splendid and gradually creeping mp
with each days development. 1t
must, however, be considered inoppor-
tune for anyone to buy with the hope
that the stock will be worth sixty u
even fifty cents within two months. It
may, of course, be so; but no one can
make a safe prediction to that effect.
The management will be well salts
fed if the stock is intrinsically worth
twenty-five or thirty cents per share
within the mex two or three months.
Work upon the properties will be ag-
gressively pushed in order to open up
all the ore possible.
So far as the company is concerned
it has no stock for sale, and this an
nouncement is simply made in the in
terest of brokers and individual in
~vestors who are interested in this
stock, and will be considered as a reply
to the numerous letters / have received
as president Of the company upon the
subject.
Ny personal opinion is that those
who purchase the stock now or during
the next month at ten to fifteen cents
per share or at any price between these
two may reasonably expect to make
good profits, but if bought at all 1 adj
wise that it be purchased as a specula-
tive investment to be held for prob
able income or profits, which at this
writing would seem to be assured. But
it will require about two months more
of aggressive and comprehensive de-
velopment to fully demonstrate this.
Respectfully submitted to whom 1T
may concern.
ROYAL GOLD MINING AND MILL
ING COMPANY,
BY WILLIAM j. BREWER,
President.
Home Office, 40 Maiden Lane, New
York City.
j. III. BLANCHARD,
Mine superintendent, corner Hall and
First Streets, Goldfeld, Nevada.
Adyt.