Inlet. On a comparatively small output of 1,000 tons a
day, our net earnings would be $62,500.00 per month, or
$750,000.00 per year, which would pay about 15 per cent.
if the entire capital stock was issued and sold at par. By
increasing the daily output to 3,000 tons, our net earnings
should be five times larger. This is not over-estimated,
but if anything it is the reverse.

Cost of Mining Coal

With the new invention of recent date of a coal cutting
machine, run and operated by a compressed air plant, coal
can now be produced at the cost of 17 cents per ton, Some
of the. coal mines in Ohio and other coal regions in the
East are using this new machine. We intend to install
one or more of these wonderful mechanical contrivances in
our Graham Island mines, and this mine will be equipped
with the best and most up-to-date apparatus to mine coal
economically and on a large scale.

ie SE

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