The Canadian Mining and Metallurgical Bulletin Volume 93-104

The Canadian Mining and Metallurgical Bulletin Volume 93-104

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...serious, that many prospectors with properties of promise have become disheartened and discouraged. Mining corporations hesitate to enter new fields, more particularly where the path of the pioneer is an unbroken trail and transportation facilities are often inadequate in the extreme. The prospector is usually unable to open up his property to the stage where the mining engineer representing an established company can give an idea of the value of the ore which the property contains. It is usually impossible to reach a common basis under these conditions. The prospector turns to the locally-established stock company from which he not infrequently receives better consideration whether in cash or stock, but not infrequently has less assurance that his property will be developed in a business-like way. As a result. capital becomes more difficult to reach, and matters in some districts seem to come to a stand-still. Undoubtedly the world's financial condition has much to do with this situation; undoubtedly, also, capital is harder to obtain for good properties in an unproved field than for quqstionable properties in a known mining district. If strong development companies were established on a businesslike plan in order to take the property from the prospector and hand over to the mining company after it had been proven up. much could be done to remedy the situation that exists today. (2) Con-fidence.--At the present moment, in the area under consideration, there is little or no confidence in the minds of financial and business men in gold or copper-mining as an industry. There may be several reasons, for this fact. There. is no doubt that the experience of the late '90's of last century in the northwestern Ontario gold fields...show more

Product details

  • Paperback | 368 pages
  • 189 x 246 x 19mm | 658g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236964101
  • 9781236964106