Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-06-14

ton, while the average in the 1000
feet of Smithyille is something bet
ter than s12.50 A fair average for
the full $500 feet would be over
rather than under, $13, but call it
that, and then see what we get, but
keep it distinctly in mind that this
average is for the ore taken from the
floor OF the No. tunnel level and not
below.
The greatest depth under the No 1
tunnel level is 1853 feet. A shaft was
put down that distance for the pur-
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
other words, $13 ore at the No. i tun.
mel level became $3.50 ore 1853 feet
lower down.
just at this point we come again
Il -. o. u
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 s
feet wide?
Multiplying 2,500x16Sxs, we get a
total of 100000, and, dividing this by
IL, the number of cubic feet in a ton
OF this ore, we get a total of 25S, 462
tons, which is opened up absolutely
on two sides, and partially on the
third.
Now, if the value of this ore is $13
per ton, the total value Of that ore
body is Is times 25s, 1852, which is
S3,360,000, but with the cost of min
ing and milling deducted, an absolute
net value of s2,713,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-
less we want to take the very foolish
position that this is the only assure
vein in the world that loses it's value
with depth.
Suppose We didn't have a 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 $3.50 per share?
We considered only two properties
yesterday and got value on our
stock of 81 per share. We consider
only two properties today, the differ
ent ones at that, and get a value of
$3.50 per share. If two and two make
four, then two and one-fifty make
three and one-ffty, with more to
come, regardless of the fact that we
have never claimed better than $3.50
as the actual intrinsic value of our
stock.
All OF which only goes to show that
our moderate claims can be more than
substantiated, and that if you give the
buyer more than he bargains for, his
only kick will be that he didn't buy
more. That is the kind of a kick we
= expect all along the line, and it is
just as certain to come as the sun is
to rise and set.
You still have chance to get busy,
but do not imagine some one else Is
going to get busy for you. There is
just one chance in thousand that
you will be asked to buy some of our
stock, but you needn't lose any sleep
over the fear that someone may CO.
cree you into so doing.
Time flies, but so do the birds. We
only mention this by way of juxtapo-
sition, because our stock is going to
do what wheat has been doing re-
cently-soar. Don't you think YOU
better get some of it before it begins
it's flight? The price is so cents to-
day, and it will never be lower.