The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-04-04
BIG VARIANCE IN VALUES
Fact Is Apparent That All Mines Were
Prospects But All Prospects
Will Not Be Mines.

There all the difference in the world between prospect
and mne says the Salt Lake Mining Review, the dcelence
otmes being that the most promising prospect will require
several years of systematic and intelligent development and
the expenditure of several thousand before take rank
limited producer.
There many who know but little about mining affairs
who labor under the impression that if they have prospect
they possessed of NINE 70 certain extent they
be right in their conclusions but it will be undeveoped
mine that they and of present value as far as the
production of the precious metals concerned than would be
ground the desert 1t is true that good
prospect has certain intrinsic value and this value will have
fucuatng tendency according its merits may impress
intending buyers; but it is not until the claim group Of
claims has been developed by of shafts tunnels drifts
crosscus wines and upases and the bodies exposed and
blocked out for measurement that prospect can rightly
cassed as mne it's relative actual value asceraned and
demonstrated.
Good ground has value but undeveoped, it far from
having mine valuation For this OF the best ave
for legitimate mine operation to acquire good pros
pec develop into regular producer when can be passeo
up heavy mining syndcate at handsome profit and
more money is often made by this method than could be ac
qured by the purchase of mine with the expectation that
can afterwards be sold advance the purchase price
Every mine prospect and it's development INTO
paying proposition into mine worth its many thousands and
even it's millions has invariably been attended by many ad
ships many dscou1agemens and many sbacks. Perchance
during it's development stage it has changed hands number
of times and quite possible that has lost money Tor some
But TINS can not ne up
the mne but to bad management lack of experience and
ability Every prospect will not make mine This would
be physical mpossbity if millions were spent in Its
development and for the that the mineral is not there
or if present. is in such small quantity or 1t IS SO low ID
grade that it is commercially valueless
The Mining Review advocates the acquisition OF pros
pect rather than the investment Of heavy capital developed
NINE But before purchase of prospect is made it should
be subjected most careful examination and report by com
peent engineers and biologists If these endorse the pIopo
ston and advise it's purchase the chances that few
thousand dollars nteigenty employed in it's development
will work transformation that will give to the mining in
dustry regular and heavy producer and gtedged div
dend payer
1t is really wonderful the large number of promising
poets there in this western country that only awaiting
the advent Of capital for their development into bonanza prop
ostions The mountains full Of them and hundreds more
are yet be discovered And yet if lacks patience
perseverance, good sound judgment and few thousands in
the coin of the realm he had better let the prospect alone and
seek occupation where his labor will bring him regular
income is better that eould steer clear of mining than
to engage in this fascinating and ultimately profitable pur
suit than he should make beginning and not be able to follow
the development of prospect through its various stages u
til money and labor expended is rewarded by the giving to
the world of new wealth producer.