The Lord Byron Gold Mine

"The profits of mining are:
(prices from 1900-gold @ $20.00 per oz.)

$102,000 per month for 27 months     
87,500 per month for 23 months
68,400 per month for 34 months
________________________________
$7,101,600 total for 84 months..."

"...Which gives an average of $84,543 per month for seven years. This is $1,014,500 a year and deducting for a sinking fund there is left a dividend of $951,200 per annum or $237,800 per quarter. This is at the rate of $3.45 per annum for the par value of the stock and $190.2% on the actual investment of $500,000. At first of course the dividend will be greater or $290,000 per quarter."

( It is interesting to note that, in figuring profits, this particular vein segment was thought to be 3 to 5 inches
wide in 1900 and turned out to be from 3 ft. to more than 10 ft.).

"The principal authorities consulted in the preparation of this project have been the various engineering hand books and the trade publications of the makers of mining machinery, but chiefly the notes of the lectures on mining delivered by Professor Munroe and Professor Peele. These would have been of little avail, but for the patient personal assistance of Professor Peele to whom the author is deeply grateful."

" August 11, 1899 THE MINES OF THE CONSOLIDATED STANLEY AND SALISBURY MINING COMPANY NEAR IDAHO SPRINGS, COLO. REPORT BY HORACE V. WINCHELL GEOLOGIST FOR THE ANACONDA COPPER MINING COMPANY BUTTE, MONTANA- Water Rights: Oldest and first right, with full appropriation of the entire creek, covering over one mile of territory, sufficient for all milling, mining, domestic and other purposes.

This is an excerpt from a report dated April 25, 1901. This report was written by John J. Sandeman, a mining engineer and geologist, who was the head of a team of some of the era's best engineers and geologists assigned to evaluate the Stanley mine for a Canadian buyer. The Stanley and Lord Byron are adjoining mines on the same major vein and the ore values are approximately the same.

To sum up the matter concisely, I would say that the Stanley mine is easy of access, possesses a stream of water capable of running a large plant of machinery, that the ore chutes are persistent in length and depth, and that most of the dead work having been done, is now only remains to extract the ore in sight to make the mine a paying concern. The management of such a large concern should be placed in the hands of a first class mining man, and if the services of the present superintendent could be retained, I have no hesitancy in saying the Stanley mine will take its place amongst the great mines of the world.

John J. Sandeman

"                                      Denver Republican Bureau
                                 Idaho Springs, Colo., May 6, 1899

                 "The shaft on the Lord Byron is now down to a depth of almost 400
                 feet and stations are being cut for levels to be commenced."----

                 "In the bottom of the shaft, Pollard, Straub & Knowles, the lessees,
                 have a fine streak of smelting ore and in addition have almost the
                 entire width of the shaft in pay mineral."
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