Document 2p9dVx04zmBnYmKyGjbKN53g

An a c o n d a Co p p e r Min in g Co mp a n y Great Falls, Montana March 11, 1949 Mr. R. B. Capias, Manager Building Dear Sir: I am sho'ring below the number of tons of East Helena Fme sold or treated and the profit per ton for the year 1948: Tons sold or treated Profit Profit Per Ton Chemet Corporation Eagle Picher Local Sales in East Helena Great Falls Zinc Plant 378.63 5,004.51 17.98 31,506.48 $ 29,794.98 450,672.54 3,001.02 2.726.930.54 $ 73.70 90.05 166.91 86.55 36,907.60 *$3,210,399.08 $ 86.99 Of the 379 tons sold to Chemet Corporation, 120 were sold in January when the price of zinc was 10.5(( per pound. Yours very truly, Metallurgist PNYC 00012633 An a c o n d a Co p p e r Min in g Co mp a n y Great Falls, Montana March 10, 1949 Mr. R. B. Capias, Manager Building Dear Sirs 1 The indicated total profit lnjl948 from the operation of the East Helena Slag Treatment Plant plwa the profit from the zinc plant treatment of fume produced, and from sale of fume to others is $3,227,072.00 before allowance for Eastern Expense and depreci ation. Part of the fume produced at East Helena was sold to out siders such as Eagle Plcher Lead Company and American Cheraet Corpo ration. The remaining fume was shipped to Great Palls for treatment thru the zinc plant. Had we purchased zinc concentrate under the terms of the 1943 Sullivan Mining Company contract to produce the same amount of zinc as that recovered from East Helena fine in our zinc plants, we would have derived a profit of $942,137 from the treatment of the concentrate which would have replaced fume. The profit which may be said to have been due solely to the operation of the East Helena Slag Treatment Plant amounted to $2,284,935. I The amount paid the American Smelting and Refining Company for slag purchased for treatment at East Helena in 1948 was $1,905,248 Tours very truly. PNYC 00012634