Weekly journal-miner., 1909-05-26
HELvETIA TO BE DIVIDEND
 EARNER IN THE FUTURE

The Boston Commercial contains the
 following well written statement rela-
 tive to the Helvetia Copper company,
 published in Walkers weekly copper
 letter under date of May 15:
 Helvetia's recently levied assess
 ment of 50 cents per share is now due.
 It will give the company $95,O0O cash
 for additional working capital. This
 stock will probably be listed on the
 Boston stock exchange soon. Helvetia
 is no longer a prospect; it is mine.
 With the showing it has developed in
 its Copper World and Leader proper ties, its stock is worth and entitled to
 sell at $20 a share. All it needs is one
 more assessment of $1.50 to g to pay
 for the construction and equipment of
 IS miles of railroad between the mine
 and the Southern Pacific. After this is done believe the company will pay
 dividends which will entitle its stock to sell above the price I have named.
 The recent low price of Helvetia stock was due to the small and ire quently levied assessments, and to the fact that the public is not aware of
 the extent, richness and value of its ore developments. I have a summary of these before me, and l must admit that I know of no other mine of equal value whose securities are not selling for several times the market value of Helvetia.
 The first level north in its Copper World has opened 45O feet of oxides from to 20 feet wide which average 4.24 per cent copper. Four raises from this level are all in similar ore. A erosseut from a point 70 feet above the first level shows ore 70 feet wide, vary ing from to 7.5 per cent copper. The 2OO-foot level south shows 175 feet of ore from 12 to g feet wide averaging from , to per cent. On the north drift on this level there is 90 feet of ore two to five feet wide, assaying , to 1 per cent. What is known as shoot No. 9 opened on an intermediate level, is 200 feet long and average 5.5 per cent copper. A erosseut driven from the Black Horse shaft to connect with this level opened 73 feet of ore six feet wide, averaging 20 per cent cop per.
 On the 3O0-foot level the drift has1 been in ore for 140 feet. This body IS from 5 to 40 feet wide and averages , to 40 feet wide and averages 5.42 per cent copper. A second shoot of sulphide ore was encountered on this level, which has been proved to be at least 15o feet long, F feet wide and 10 feet high, averaging S.5 per cent copper; but its full size has not yet been determined. The narth drift on this level has opened d 4O-foot ore body 5 feet wide varying from to 10 per cent copper. On the fourth or bot tom level erosseuts are being driven to encounter the ore body.
 In it's leader mine, development work is being carried on by tunnels and drifts under TOO feet of heavy iron sossam. One opening shows 11o feet of ore of eight feet wide, averaging 3.5 per cent. A uinze is being sunk on this ore. A eross-eut is being driven from the 4OO-foot level of the Copper World to connect these two mines.
 Helvetia is at present shipping 50 ons of sulphide ore daily to tn Old Do ninion smelter. It pays s3 per ton .artage on this ore, and freight rates n addition, and yet secures a profit of ;2.5O to $S per ton, over all costs of mining, transportation and treatment in pite of the present low price of cop . ,er. All its earnings, and considerably nore money also, is going into the roperty to pay for extensive develop ! fent work. If Helvetia had railroad acilities it would soon be able to ship o tons of ore daily at profit of s5 CT ton. This would give it earnings :. f $5OO,OOO annually, or s2.50 per share or its stock. The continuance of its resent excellent developments to depth -ith railroad facilities and other equip rent supplies, will make Helvetia .ock worth five to ten times its pres nt price, I would rather buy Helvetia nan any other low priced stock on :. le market.