The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-09

This property II silll in the early
stages Of operation. having produced
since 1914 about g. SOC coo pounds
of copper from i.751.0Oo Tor OF ore.
Ia the whole period there has been
mn excess ~ expenditure over receipts
Of f3.SiO.tt252 but ~ this nearly an
Is represented hs construction.
when W. rome 60 consider that
this record pertains TO the period at
the wur boom We are forced 20 admit
that it does not establish b oN-
Ncctntion Of profit under average
conditions. The details OF operating
cost. in comparison with thos" of
HurreHEWi copper mines, give some
ENCOURAGEMENT hut ar. not whuhN
c~onVincing. The property hn- had
only one full year NJ operation. 1917.
when ~ obtained t5.iSs.Oeo pounds
from oo0 tons milled 20 pounds
per ton la mat yea b. made the
following comparison with the chino
cost Of mining. transportation. mill
ing aud smelling
Hurro Mountain iiii ceuts Chino.
1857 cent-.
In neither case OF course do those
Items cover the whole cost OF pre-
duction but they ARE those upon which
comparisons ARE usually made. The
output OF the chine WIS five utnes
greater and It's overhead charges
should Doe lower IN some inverse pro-
portion Tor all items except excess
profits and income taxes This we
find to ho actually the case
do NOT believe that the nurro
Mountain property viii even nuke
much money untl Il increases III ont
put. say va 20 or so 100000 pounds
a. year Whenever this can be done
see no reason 10 doubt that the
total cost can be brought down Co
within y to ? cents Of Chino's cost.
Moreover this would bee on the basis
81 1915 We mpy fairly argue thli
when industrial conditions len general
are read1usted VA consequence wiiil
topper ~ % To- 10 cents % pound the
,o.t az Burro Mountain -huuii moi
rzered that of chino by more than
. e-nfs
MureuNer titc comparison b. viii
chino at ~ best. not with the In
ieriar one re- "rvct which that prop
prty muft deal with In muur, Their,
d. uu rttsnn tu suppose that IN,
Erado ct iiurro Mountain reserve.
would u" able whenever ~ cun ht
wnrkod 20 sun capacity, 60 make ga
cents per pound PROM nude Candi.
tons that have prrmitt"d ChiEp %
make ~ Genus.
~ before remarked the record doe
not urmly establish this rsiimat, y,
that it must he taken with rauIion
lt We are TO Hrstipie ID preBtrr out.
rut we inust assume tn addition 4,
uiiling capacity. and uiuu Involve.
an Increase ~ the capital cNpendi
lure which even now may De a.
arrhed ms enormous
III" company ha~ paid Tor bands
aN.iiHtat- g., Tor piuut and elutp
nirut fdcpf"ciutcdl All2l esq SIS
total Sit.esf. aoe3l.
This ~ stripped of boob .kcruini
figure and represents a bona ud.
cash investment To make il rtturl
W % rrI~ cent ON % with AN outnu
or only taoo0. 600 pounds o. yna
would only I've possible nndor snoii
conditions such a. no Investor woai,
he likely 90 cuuni on
A reasonable view OF th.s In
yosifueut il seems 10 mo. ~ tu con
uder it 10 have been made under thi
dimulus oi "a situation in She coppc
trade such az IL not likely "a be ~.
pcuteh. There were huudsomi
profits in the years ia05-nl. Abou
isip the porphyry eopprrr same Int,
great vogue. In itl5 the war brouah
' about another wave Of fabulous pro