Weekly journal-miner., 1916-11-22
RICE PREDICTS $15 10 $25 FOR
 GREEN MONSTER
NEW YORK BROKER SEES A GREAT FUTURE FOR ONE OF THE MINES IN JEROME FIELD.

in the last issue of the Industrial and Mining Age, says:
 Under a turnover Of 130,000 shares on the Curb, Green Monster reached high of SC, reacted to S41l and had final of S. a net loss of # for the week. This issue is evidently marking time, pending authentic news as to the financing now in progress for the taking over of the Copper Chief. It is reported on good authority that one of the biggest Stock Exchange houses-in fact the one that financed the largest porphyry copper producer now in operation-is negotiating for the financing of the company on a basis of taking up the 300,0O0 unissued shares at price reported to be about $ per share, the funds to be used for the purchase and equipment of the | Copper Chief. This interest would not undertake to finance the company on the basis of $ share if the stock did not have from SIS to S25 possi- bilities directly ahead of it.
 The importance of the negotiations now pending is evidenced from the following telegram received by the Industrial and Mining Age from its Arizona correspondents:
 Horace V. Winchell, noted mining engineer, geologist and attorney, is now on ground of Green Monster and Copper Chief properties checking re- ports of company's engineers and making final examination for Monster company. Understood from previous visit he made here in interest of Sen. ator w. A. Clark, made remark con
 sidered Green Monster and adjacent section some of most promising of Jerome district. Believe ground tv south and west has extension of Mon ster ore bodies.'
 As Mir. Winchell has recently done considerable expert work for the in- tercsts referred to, it is assumed that he is examining the property on their behalf and that immediately following his examination important announce ments will be made.
 The Green Monster Mining Com pany controls the biggest acreage along the North fault, which is inti- mately associated with the ore bodies of the district, of any company in the camp. The ore bodies of the United Verde and the United Verde Exten- sion both lie close to the North fault. The same ore-bearing schist in which the United Verde and the United Verde Extension ore bodies have been developed passes through Green Monster ground. Green Monster, like the United Verde, does not have any capping or overburden, as is the case in the United Verde Extension. Fur thermore, the surface of Green Mon ster corresponds to lower horizon on the United Verde, in consequence of which commercial ore bodies or the enriched zone will probably be found at much shallower depth than that at which the ores were found in the United Verde and United Verde Extension, whose rich copper ores were discovered at depths of 800 and l,200 feet, respectively. Apart from these advantages, Green Monster em- braves a cross vein known as the Green Monster vein on which are de- veloped the ore bodies of the Copper Chief and the Equator Mining Com pany, the former producer of im- portance and the latter reputed to have not less than Sll ,000,00 in copper gold and silver values in sight. This aside from the developments which have thus far taken place to the north of the North fault on the Revenue and Missouri claims where commercial ore has already been disclosed The fact that commercial ore had been struck at such shallow depth as re- ported on the Revenue claim is an i'm dication of what may be expected as depth is attained. It is now practic- ally certain that Green Monster will | take its place with United Verde and | United Verde Extension as one of the 1 bonanza producers of the district within the next few months, although will probably be on a smaller scale until developments pro ceed to such a point that they can be increased, which will probably take a year It is no exaggeration, and needs no stretch of the imagination, to say that Green Monsters possibil- ities, in view of its huge acreage and its excellent showing to date, are commensurate with those of the Unit ed Verde and the United Verde Ex- and as developments proceed if may a,-e,, d,varf tbaca ty,O honap ,