Mohave County miner., 1911-03-18
Selling A Mine.

Some people have pecu liar ideas re- garding the selling of a big mining proposition, and seem to that no more time should be required in the consum- nation of the transaction than would be necessary in the sale of a farm, or the disposal of piece of real estate; once a prospective purchaser is secur- ed.
 All of this is mistake, and, because of this lack of knowledge of the re- quirements necessary to put through a mining deal of any magnitude, many properties, possessed of undoubted merit, remain in the hands of their original owners.
 It used to be, number of years ago, that mining pro position could be put through a change of ownership in a comparatively short time; but this was before investors were as we'll ac- quainted with the mining industry as they are now. There is plenty of
 
 will not be rushed, and they propose to see what they are buying, and in- tend to be fully satisfied as to the values and future possibilities of a property before even an examination will be ordered, before a cash pay ment is paid.
 To fully consummate a big mining deal, nowadays, often takes six months after the interested parties have had a conference and have out lined terms and conditions. In the first place, the prospective buyer will demand a period of ninety days for examination, and he will probably have three examinations made, each by different corps of engineers, be- fore final conclusion is reached; and no payment will be made until t he purchaser has finally decided to buy the property.
 And, before the engineers are put to work, the mine owner must furnish maps showing surface of the group. maps showing underground workings, an estimate showing actual ore in sight, and its value; the width of the veins; statement of possible and prob able production, and all possible data p-rtaining to the property, including the amount of ore shipped or milled, af fh ped and the assay sheet of the heads and tails of all ore milled. Data must also be furnished as to water supply, timber on the ground or in the near vicinity, transportation facilities, and the distance to the nearest railroad.
 It will be seen, therefore, that a mine owner, the possessor of a really big mine, who expects to get a figure of from 800, ,000S to a million or more for his property, cannot expect to con- Summate the deal in month, and that he would be fortunate if he meets with success in his negotiations within a period of three or six months. If he attempts to rush the investor, if he re- fuses to give the data as outlined above, if he declines to give an option of ninety days or more, and if he imagines that capitalists will buy be- fore they are fully satisfied that they are ''getting a run for their money, they might as we'll quit before they begin. for there will be nothing doing"
 There are some big people in the mining field for desirable properties who are willing to expend small fortunes in mine examinations, and to pay good prices for such if up to their requirements; but, they will not be hurried, for they know that if a certain property is good, that it will keep; and that if it improves with develop ment from year to year that they will be willing to pay more for it; for, with them the motto is: "The bigger, the better. ."-Salt Lake Mining Review.