Gilpin observer., 1912-05-09

VestOfS are looking into the various
mining districts with an idea of pick
ing up winner. Mining at this time
is commanding more attention from
the man with little idle money which
seeks enhanced earning power, more
than can be obtained with the many
propositions that the men of the val
ley have to offer.
Men Of means have been disap-
pointed in the results promised for
quick returns in the many alluring
projects offered them in the way of
irrigation deals together with won
derful opportunities for making big
profits in dry land, which depends
solely on the idiosyncra cies of Plu-
vius who has oft proven disap-
pointment.
With many an owner of promising
mining property, what is the best and
proper way to interest such a would
| be investor, is of paramount interest
at this time
We have had considerable exper-
ience in dealing with men who are
seeking after a good paying mine
We have invariably found them a
hard-headed and cold-b!oode1 propo-
sition. The man We have to deal
with, first wants to be assured of
his investments this is paramount.
| The mine must speak for itself and
, the owners opinion of its worth en-
ters but little into the transaction.
If the prospective investor has lit
/; tie knowledge of mining and is a
level-headed business man, he will
certainly claim the right to call in
some one in whom he believes is
competent to Judge regarding the
possibility of the success of the en-
terprise. In that case he is sure to
rely on expert opinion. He may sci
l.ect a man who has met with sue
cess in practical mine operation or
he may depend on a gentleman with
part of the alphabet tackled onto
, the end of his name. In any case the
deal will depend in large measure
on either of these mems report.
If the latter, the result will sole
ly depend on the measure of ore in
eight, based on the heighth, depth
length and width, plus the values OF
samples obtained in his examination
and from these he estimates the
value of the mine. Making his de-
ductions. they may be at variance
with the mine owners idea of what
the property is worth. Eut let us see
if he is not right: First he will de
duct the cost of mining, freight and
treatment, with the consequent loss
in reduction. Then there is the in
terest on idle capital invested await
ing the big returns that are sure to
follow from the mine owners view
point.
Then again, a mine is not like a
farm, where if the ground loses its
fertility it may be replenisked, fol
each and every ton of ore extracted
there is one ton less to count on.
A practical mining man will to
large extent figures largely on prob
able values to be found with further
work and exploitation in the breasts
of the drifts, in the raises, in tbs
slopes still to he run and the fur
ther sinking of the shaft, feeling
sure and certain that these new de
velopments will result in even larger
and richer bodies being opened ant
exposed, ready for quick profits.
Eetween these two opinions. boil
honest, the would-be investor will
have to decide as to the merit o
the proposition.
AS rule the mine owner is no
anxious to sell on the estimate o
the technical engineer. as the prob
ability is almost certain that goo'
ore is ahead In all the workings
and would only sell because he ma.
wish to retire and spend his latte
days among more congenial surround
, ings, for that is the ambition Of al
of us.
With the knowledge of these con
ditions confronting US, 1t is up t
the mine owner to decide what !
, best and not he like that oldtim'
prospector. who. when confronte
, with an offer for his claims. sal
when offered $4,000, for which h
asked $4,000. that bsing an easie
amount ito keep in mind. the oil
prospector stood pat for his $4,000
a The wculd.be purchaser said tina
e the deal must he considered off ur
r less the owner would agree to hi
I price After Illuminating for fe'
/ moments the prosrector said that