Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-07-20
VP I.R.|'

ton, while. the average in the 900 @
feet Of Smithville is something bet
ter than $3.50. As fair average for u
the full $500 feet would be over.
rather than under. s13, but call It y.
that, and then see what we get, but 4
keep it distinctly in mind that this
average is for the ore taken from the
floor Of the No. i tunnel level and not
below.
The greatest depth under the Mol
tunnel level Is 1853 feet. a. shaft was
put down that distance for the pur- Il
pose Of prospecting the two veins.
Levels were driven from the bottom
thereof both east and west, and the
discovery made that the ore bodies
increased about is per cent in width
and carried increased naturalization
to the extent Of about 20 per cent: in 3
other words, $13 ore at the No. t1tn.
mel level became $3.50 ore 1853 feet
1 lower down.
just at this point we come again
to a simple little question in arithme.
tic. Please observe that we do not
speak Of it as a problem. How many
cubic feet are there in an ore body
$500 feet long. 1853 feet deep and
feet wide? 4.
Multiplying 2,5O0x16 8xS, we get
total Of 1880, 900, and, dividing this BY
13, the number Of cubic feet in a ton
OF this ore, We get 4 total Of 25s,4S2
tons, Which Isl opened up absolutely
on two sides, and partially on the
!. third.
Now, if the value of this ore is s13
per ton, the total value OF that ore
body is 13 times 25s,462, which IS
$3.50, 900, but with the cost Of min
ing and milling deducted, an absolute
net value of $2,71s.s45. Keep it dis
tinctly in mind that that is the value
as far as proven, and do not forget
that the values are more likely to In
crease with depth than decrease, un-
1 less we want to take the very foolish
position that this Is the. only assure
I vein in the world that loses its value
with depth.
Suppose we didn't have thing in
. the world but the two properties
spoken OF here, can't you see that.
these alone would give our stock a.
value Of better than s1.5o per share?
We considered only two properties
the other day and got a value on Ours
stock Of So per share. We consider
only TWO properties today, and differ.
ent ones at that, and get value Of
$l.5O per share II two and two make
] four, then two and one-dfty make
three and one-flfty, with more to
come, regardless of the fact that We
nave never claimed better than $3.50
] as the actual intrinsic value Of our
!, stock. ss.
All OF which only goes to show thai
s7sz8a ssS sSliAiiuS ctH De more than
su1lbstantiated, and that il you give The
buyer more ~ than he bargains Tor his
only Kick will be that he didn't buy
i more more. That is the kind Of kick We
expect Exp at along the line, and ii Is
j Just as certain to come as the he sun il
to rise and set
You still have chance to get busy
put do not imagine some one else ii
gong 70 get busy for you. There il
Just one chance in thousand that
i you viii be asked to buy some sc o,,r
j seock, but you needn't lose any sleen
over .srs the fear that someone NAV q.
cree you into 50 doing.
Time flies, but so do the birds We
! only mention this BY way ii 81 iuxtano {
] sition, because our stock is goinr q !,
do what wheat has been doing IS
centlysoar Don't YOU think vi,
! better get some Of it before ii s,ee,na
lss hight? The price is 50 cents to-
{ Gay, and II WIN never be- lower