Bisbee daily review., 1915-09-26
HOW TO SELL A NINE

as the proper place to go to save
trouble.
How to Properly Present Your Case
Il will be seen from the above that .
the question Of properly presenting
the case is of the most vital import .
ance in selling a mine. The owner of /
a mine for sale must excite interest in .
his proposition, must not give incon- .
sistent statements, must not set
price on his property; he .
must only tell what concerns the val .
ne of the property and not fill the .
letter or report with a lot of useless .
information which takes time to wade
through and has no influence on the .
value These things have caused many
a good property TO be diregarded.
During the past few months the
State Bureau of Mines has had many
letters and reports relative to mining
for sale. and in some cases
they are really amusing; only few
contained the definite information
necessary. Long descriptions of seen.
cry and climate seems to take up the
major parts Of many reports, bu,
these things rarely have any influence
on the value of a property. The acre
age owned is usually brought out in
minute detail, yet this again has little
TO do with the value, as it is not the
acreage owned, but the size of the de
post which is of interest Then It is
seldom that a man is sent giving The
exact location of the claims. and the
value of the acreage is either enhauc.
ed or nullifed by the relative location
Of the claims. often there will be a
statement saying that the vein is OF
certain width, a lot Of miscellaneous
assays, the number of tons developed.
all given in round figures without any
data showing the method of arriving
at these figures.
II seems that few prospectors know
what an assay map is for; not one re-
port in a hundred give this most i'm.
portant data. Costs are utterly ne
elected the value of the ore being
given as gross value, which means
nothing to the engineer for the buyer.
II must not be overlooked that an ex.
haustive examination Of a mine often
costs up into the thousands of dollars
and it can hardly be regarded as the
fault of the engineer if he cannot
recommend to his client the spending
OF his money for an examination if
his preliminary information tells him
nothing. The business feature of the
enterprise is almost always overlooked
in a report and hence the question
will it pay" cannot be even guessed
at
Most of the mines brought to our
attention have been mines with some
development work, and generally
with some underground showing. It
4 is not always possible to get all of The
data required from a prospect. but in
the greater number Of cases some
/ semblance to an assay map may be
made. II is very seldom when an
assay map accompanies report
which map shows satisfactory results.
that buyers cannot be induced to ex-
anime the property further. Any pros
pector can make a sketch map show
ing the width Of the vein. at regular
intervals. Any prospector can sample
f by trenching a vein at the same in
tervals and put the results on the map
He may not understand the method
of figuring tonnage and value from
this map, but if the map accompanies
a report, with widths and values not
f ed, the engineer can generally figure
the value if there is sufficient data
al hand.
The engineer desires to know pri
marily if there is a reasonable chance
OF making it pay. Then the engineer
desires TO know the composition Of the
ore. The costs are an important feat
ure of the report, and particularly if
any ore has been taken from the prop
erty the actual costs Of production
are important, the cost Of drifting.
sinking, wages paid, etc Also the
fuel supply, but the scenery, climate,
topography etc, are OF interest only