The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-10-30

would be poor economy to h..
enormous percentage, simply u @s
dividends. Do youi Again, in ss.s.a
on the market price of Cop.ors-
stock, you must take into consia.,.s~
the enormous capitalization Of n.
pany. The capitalization ia n.
sum Of $5O,OoO,OOO, being somss
shares at $40 per share. There
proximately 100000 shares
which at the present price of II. ..~.s
makes the property worth abou. ~
0Oo, 0oO. That is a pretty good pri.s -
a gold mine, v if it has epo,mo,.,s
rich ore and large bodies blocked Z.
There would have to be extracted r.
the mine at least, say 100000 900 beso,.
the investor could get his money h.,
say nothing Of profits. How man,
mines in the country can figure ON IN.
000, If the stock were worth ssa
per share, as you figure it, the min.
would have to produce about $oO0M.
900 in high grade in order to get ii,
$70,000,0O0 back, let alone profits. ina,
stop and figure it out and ponder ovs,
it a little. Where did you ever hear 81
a mine that you could depend" uuop
taking out that much orei We believe
the Consolidated at Goldfeld has
chance to do it-a better chance than
any other mine we ever heard Of. Nov
while we are not in the stock business
and do not make a practice of giving
advice as some SO called mining new
papers do, we would advise you, il you
are dependent upon a much higher
price for your stock in a short time
than what now pervails, that you cell
your Consolidated; for we see no reason
for its taking an immediate jump. It
will not go much higher until the
dividends are increased and we do not
look for increased dividends until there
is a substantial enlargement of the mill
capacity. The improvements being
made at the mill at this time will in
crease it's capacity by about 300 TONS
bringing the full capacity from about
$50 ions per day to $50 tons. You can
calculate and prophecy as easily as the
writer what effect if any, that will
have upon the dividend rate. You ask
when the Consolidated intends to give
out a statement of the ore blocked out
and in sight. We do not know and
have no means of finding out. The
Consolidated management is not engag-
ed in giving u advance information
and we are o especially favored in
this particular. We doubt if any engi-
neer could 60 into that mine and come
within ten millions of the ore in sight.
The bodies are 80 large and the rich.
ness so variable that to make any exact
or even approximate calculation would
be almost out of the question. At any
rate, it is the biggest and richest gold
mine in the world and new develop
ments of rich ore lenses come to fast
that it has almost ceased to be a matter
of comment in Goldfeld.
F. L. F., York, Pa.-The Nevada
Buckskin Combination was a Los An
geles promotion and we understand n9
work has been done at the property ff
a long time. The Guarantee Security
company turned out to be a swlndnas
concern, according to a story you mH
see in this issue of The News, and ns
been denied the use of the mails.
G. H. B., Lyle, Wash.-Our answer
to your inquiry about the Butte BOYS
Consolidated, was not entirely correct
All the property Of the Butte Boys WIS
not sold-only the Centennial lease. Inc
company still has six claims AZ H'
one claim at Hart, ana wv
claims near Silver Peak. The Cenlen,
NAL lease was sold by the receiver y
the State Bank and Trust company.
G. w. E., Plainfeld, N. 1.-THE re
ports are harmful to the stccA,"
as there are many people NV
yourself, who do not know what Oe
hind the attacks. Read our answer !"
F. B. Columbus.
A. g., Chicago.-The Kewanas P'OF
erty has been closed down for sop'
1t is regarded as good sr'uha'
but had bad luck. There was . '!
considerable amount Of work done ~
,ome ore developed in places. Inc
Iook for a good body of ore 8
when a heavy flow o.
,ame in and the property closed '0,a
rhe principal owners are men Of
md mining experience, none Of tt,
i've here and we do not know
-.A.s.
I. r, New Hork.-We cann0'
AXE to answer questions for no'
,cribers. Couldn I employ en0us'