White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-01-28
MERITS OF
NEVADA CONSOLIDATED

George L. Walker, in the Boston
Commercial, has the following in his
last letter concerning Nevada Cou-
solidated.
Nevada Consolidated is doing at
the present time just about what is
represented in the following tabula-
tions. 1t is treating approximately
3,000,0 600 tons of ore annually and
with copper selling at IA cents, is
making a profit of about $1.75 a ton,
or $5,250,000 a year, equivalent to
$3.50 for each share of It's stock.
The possibilities of Nevada Con-
s~olidated do not end with the prof.
il is likely to derive from the treat
ment of its remaining 40, 900, 600
tons of ore. Eventually its railroad,
through extensions yet to be built,
will become part of an important
system, which should be able to earn
good dividends for generations after
its porphyry mining operations have
passed into history. Its big reduC-
ton plant will naturally become the
smelling center for the Ely and other
nearby districts, where there are ex-
cellent possibilities that immense ore
resorces will be developed in the
future.
This company will probably close
its fiscal year with approximately
SO, 200, 900 of surplus cash, and there
Is little doubt that this and perhaps
a portion of its future earnings will
be used, when the proper opportuni-
ty presents itself, to purchase, de-
velop and equip other properties
which will add to the productive and
dividend paying life of the company.
The stock. therefore. is not only a
good investment at its present price,
but II has splendid speculative posi-
bilities.
The estimates OF the net recover
able value per ton OF ore with copper
selling at various prices are basel
upon the number of pounds of cop
per that will be saved multiplied by
the profit per pound in the Nevada
Consolidated
Total market value. $39.977,S40;
tons ore demonstrated. 10000, 900;
market value per ton, $3.50; net
recoverable value per ton of ore with
copper selling at 13 cents. $500. at
IA cents, s1.75. at Is cents. $500, at
16 cents. s2.25. and at II cents,
$3.50.
The total profits per share which
the Nevada Consolidated should de.
rive from mining all its demonstrat.
ed ore and extracting and selling its
copper is as follows:
Gross indicated earnings per share.
provided all the copper recoverable
from total mineable ore sells at II
cents, $1,000, at Il cents. $500, at
Is cents, $4,000. at Is cents. $500.
and at II cents, 5000.
The number of shares that the
Nevada Consolidated company will
have after all Its bonds have been
converted, its present or proposed
reduction capacity in tor OF ore II
nually. the life of mine" meaning
the years II will take % exhaust all
the ores so far proved up in the prop
erty. with the apparent amoritized
Investment value of the stock, fol-
lows:
Shares. when all issued: 1898
S92; treatment. tons ore annually:
5000, 900; life of mine. 13 years;
apparent present value stock. amor
tized. assuming average price copper
Is 13 cents, $1,000; IA cents. $24.60;
Is cents. $1,000; 10 cents, $4,000.
and II cents, $500.
With the present concentration
operating to full capacity the Nevad'.
Consolidated should earn per share
annually with copper at various
prices:
When average price of copper is
lS cents, $3.50; IA cents, s2.69; rs
cents. $3.05; 16 cents. $3.46, and Il
cents. $3.50.
The apparent values given the fore
going stocks may appear to many
readers to be the product of an over
worked imagination; but attention
is called to the fact that Nevada Con-
solidated's stock is now selling within