The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-11
PROFITS IN STORE
FOR BOSTON CON.
Splendid Showing Made Recent
ly in Fl igures From an Au-
thentic Source.
WILL BE HANDSOME
WINNER OF PROFITS
Porphyry Ores Give Promise of
Allowing Very Liberal
Net Earnings.

4 few DAYS ago The Tribune pub
lished statement from Boston show
ing the present available ore tonnage,
both in the porphyry and tho sulphidcs,
of The Boston Consolidated company,
These figures apparently came from a
source strictly authentic, They have
opened up in Salt Lake series OF COM
putations on future earnings that has
proved to be highly gratifying to those
interested, and extremely flattcring to
the company itself. The Boston Con-
solidated is n great proposition, and
that the Eastern investor thinks so,
is apparent from the manner in which
the stock has lifted itself from the
general downward trend. and held Its
lead we'll above other organizations of
similar possibilities and hopes.
Taking the figures given from Bos.
ton as TO the available tonnagcs Of
the porphyry ores alone. the Boston
Consolidated company should be earn
ing with the first unit of 5000 tons at
the Garfield mill in operation, as fol-
lows:
On 15cent copper, S2.3S per share.
On 20-ccnt copper, S4.2O per share.
On 25-cent copper, $500 per share.
But when treating 5000 tons of ore
per day. as the mill should when in
full blast. the earnings will be as fol
lows:
On Decent copper, 81 10 per share.
On 20-ccnt copper, $40 per share,
On 25-cent copper, $1,000 per share,
According TO the figures given, the
Boston Consolidated company has a
sufficient amount of suIphidc ores ac-
tuallv blocked out at the present time
to last for three years at the present
rate of extraction, 100 tons per day,
Without taking into consideration the
tonnage that may be turned up by sub
sequcnt development work, the com
pany, from the sulphidcs alone, will
he able TO earn as follows during the
time the present sulphide tonnage
available lasts:
On 15-cent copper. 500 per share.
On 20-cent copper, $500 per share.
On 25-ccnt copper, $40 per share.
But, eliminating all the earnings
made possible through the sulphide
ores, and taking into consideration only
the available tonnages OF porphyrY
ores. a most satisfactory condition of
future profits appear. The company
estimates first, that the total tonnage
of the porphyry deposit is 5S,5S0,9l0
tons Of ore. figuring on the porphyry
being 500 feet thick; and, second, 30
053 $40 tons. figuring on the porphyry
being 200 feet III thickness. On the
first proposition, with the first unit
only of the Garfield mill. or 5000 tons
daily. the company will have earned
when this tonnage is consumed, as fol-
lows:
On 15-cent copper, $l2s,52 total per
share,
On 20-ccnt copper, $226 so total per
Eharc.
On 25-cent copper. $324oO total per
share.
On tho second proposition, or on a
basis of 39,053 $40 tons at the rate of
5000 tons per day, as follows:
On l5"cent copper, 1854 total per
share.
On 20.cent copper, $l3S60 total per
share.
On 25.ccnt copper, Sl9s.00 total per
share.
Or at the full capacity of the mill,
this earning will he possible within
sixteen and a half years. This certain
ly IS Il gratifying showing, and ono that
could not but raise the stock 10 lc-
gitimHte level.