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Practical Mining: A Field Manual for Mining Engineers; With Hints to Investors in Mining Properties (Classic Reprint) - Softcover
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Excerpt from Practical Mining: A Field Manual for Mining Engineers; With Hints to Investors in Mining Properties
The percentage which is realized from an investment is governed to some extent by the nature of the security. If it is such as is not liable to much fluctuation, it is sought for permanent investment, even at a low rate of interest. Generally we may say: The profit to be expected from any investment should be commensurate with the risk taken. People who are glad to realize 5 per cent on real estate will expect to realize 25 to 30 per cent, and often more than this amount, on a mining venture, as it is called; and it must be admitted that it is not too much for a purchaser of min ing-stock to expect under existing condi tions: but the intelligent operator, not in mining stock but in mines, will be satisfied with less. Naturally, a mining investment should be expected to pay a much higher rate of interest than real estate or railway securities, because it is less permanent.
The chief cause of the uncertainty in min ing ventures, however, is the fact that the most of those offered to the public are not expected to be productive for any length of time, if at all. To get an accu rate idea of the mining industry would require severe study and time, so that the majority of operators prefer to pay for obtaining the necessary knowledge, and success or failure is chiefly due to the value of this purchase. The following pages are written at the request of friends, with the purpose of pointing out as briefly as possible the nature of the knowledge to be sought, and by exposing some of the sources, to limit the frequency of error.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Practical Mining: A Field Manual for Mining Engineers (Classic Reprint)
Print-on-DemandAnbieter: Forgotten Books, London, Vereinigtes Königreich
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Paperback. Zustand: New. Print on Demand. This informative book aids mining professionals, students, and investors in determining the true value of a mine, encompassing both theoretical knowledge and valuable insights gained from the author's extensive experience in the field. After discussing the historical context of large-scale mining, the author guides readers through the details of mine examination and evaluation, providing the means to accurately assess profitability and potential risks. The author emphasizes the importance of considering the relationship between mines and their location, arguing that an in-depth investigation of both is crucial for success. The reader is cautioned that knowledge alone is not sufficient and that qualities such as vigilance, patience, and intelligence are also necessary to excel in this field. Through practical examples, the author illustrates how seemingly profitable estimates may be misleading, highlighting the significance of thoroughness and skepticism in the process. This book is a valuable resource for mining professionals who seek to refine their understanding of the industry and for investors looking to make informed decisions. It provides a comprehensive framework for evaluating mines and extracting maximum value from mining ventures. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781332063963_0
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Practical Mining A Field Manual for Mining Engineers With Hints to Investors in Mining Properties Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332063963
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Practical Mining A Field Manual for Mining Engineers With Hints to Investors in Mining Properties Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781332063963
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