Publisher's Synopsis
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. 1914 edition. Excerpt: ... of PbS concentrates $51.00 Estimated ore reserve 40,000 tons Estimated annual hoist 70,000 tons Estimated life of mine 0. 57 year Estimated profit per ton dirt $0,707 Estimated total profit, 0.707 X 40,000 = $28,280 1.04= (1 + 0.06 X 0.66) 1.037= (1 + 0.06 X 0.615) QQ OCA Valuation: 1I" X 0.88 = 824,060 1.0o4 (5) Present value of all the above valuations at the beginning of the 1st year: $32,500 $28,350 $24,060 $49,100 H 1 1 = $125,180. 1.06 1.061 1.06 C. Variation Of The Finlay Method As Used In 1914, In SouthWestern Wisconsin. After a somewhat careful consideration of the zinc situation, it was decided to use the Finlay principles, as the basis for arriving at the valuations of the mines for assessment purposes. These principles had been applied with fairly satisfactory results to the copper mines of the Keweenawan peninsula, and to the iron mines of northern Wisconsin and Michigan. This system, in its endeavor to obtain sums representing sale value, was believed to check fairly well with the essentials of the general property system. Schedules of questions asking, among other things, for information concerning exploration, production, receipts, costs and profits from each individual property for the past five years were sent to the various companies in March, and a return was called for in May, including all available data to May 1st. Before and during this period, the writer made a personal examination of every active mine with especial reference to ore reserves, and present production. As a result of the examination of the properties, mine maps and schedules of information returned by the companies, it was found necessary to make certain changes in the recognized Finlay method, as applied to the iron and copper mines....
