The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-01

SHOULD BE UNDER
ONE MANAGEMENT
Resources and Respective
Merits Generally Are Com
pared by the East.

ono of lhc most pcrsistenuy mentioned
and discussed. and What may he termed
one OF the most logical mergers among
the coppcrs at this time. Is that between
tho Miami and Inspiration companies. and
western share holders believe such deal
will be consummatcd within short jlme.
The properties adloin, they have INC same
mineral system and both have an cNten-
sivc amount OF good mineral ground
which has not yet been developed.
As near AS can be gathered. the deaI
VIII he ConSummgted on basis OF some =
thing like two FOR one. with Miami at
the long end The stocks arc now selling
for about this proportion, the market yes
ierday bclnS a rather uncertain quantl.
iy, however. in view of the recent ralher
unsatisfactory developments at Washing
ton. \ Boston paper discussing the above
consolidation says:
ern Arizona porphyry propcrties-Inspira-
ton and Mami-would seem 10 be emil
ncntiy desirable. u goes without saying
that one large properly with one mill and
centralized power house could treat a
large tonnage OF orc much more CheaplN
than the Same work could be accomplished
hy these two adjoining properties work
ing independently. Perhaps such a con-
sohdation might he expanded 10 include
the keystone aud Live oak, also In tho
ssmc district and which must soon he
considering the question OF milling facln-
ties.
at present interest ccpters chiefly in
what could be accomplished in tho way
of a merger Of Miami with Inspiration.
The salient details of each property arc
as follows;
Shares ............ 'idS.235 1000, 600
Selling price ..... $50. so se.37t
erty ..,...i.... $40. 500 a.s75.oo
ore reserves. tons rs, 100000 ei,Sco,oo
average ASSAY ......2,5 p. ct. y, CT.
hounds ner ion 40 2S6Sn
Cost per pound 14c ~'?c
Assuming all issued bonds converted.
~'Estimated
"Miami Is a going proposition. It's
units ljoc tons OF ore daily and the 81
Der cent recovery OF the copper metal in
the ores now bGine had ecIinses even the
i,-I II,oi 'pu5 OF l'e M = 'aii m
- consideTa bic margin.
IAN earlier estimates of Niami's enCi-
ncers as 10 recovery and costs arc being
bettercd in actual operation, so that II
would seem safe To predict for tho com
pany an ultimate copper cost OF not eT
ceedinG q cents per pound with 7-ccnt
cost among the reasonable possibilities.
The companys officials. however. while
sratlfied Al the showing OF tho mill to
date. arc not willing TO put themselves
ON record As 10 what the company's ulti-
ms:c cost viii be.
Inspiration has vet announced no final
plans with respect to milling facilities
and u Is fair 10 conjecture that the delay
IN such announcement has been due 10
tho possibilities of some sort of a MGR
ger of The southwestern porphyries.
While MiamIs demonstrated orc re-
serves Is only about $4,000. 600 or n. 900, 00o
tons. this represents but 4 very small
portion Of the companys mincrsliZed area
oi 80 acres. and there should be two
or three times this tonnage of orc within
the company's InineraIized domain. In
spiratio has demonstrated 10 date %
100000 tons. and it's engineers state posi-
tively that IL may he considered a So
10000 ton proposition.
consolidated property with 100. 600
900 tons of ore reserves and one huge
min would seem 80 he quite in line With
the logic and economies OF the situation