Crow
Silver Member
- Joined
- Jan 28, 2005
- Messages
- 3,965
- Reaction score
- 10,924
- Golden Thread
- 0
- Location
- In a tax haven some where
- Detector(s) used
- ONES THAT GO BEEP! :-)
- Primary Interest:
- Other
Its seems all very suspicious that this story 1929? With Ajo in which had Arizona first open cut copper mine.
The ore mined there was smelter into blister copper ingots. below
Blister copper ingots with have impurities in then Some time lead silver gold and other metals in then they are reprocessed in a refinery. Ajo did not have the capacity to refine the copper blister it produced until an updated plant 1924 with anode casting and tank house refining, precious metal plant capacity.
If the story of treasure being found in 1929 was true. it might of been pilfered blister ingots before 1924. after then pilfer precious metals from the precious metals plant.
In 1929, during a period of “stabilization,” copper men squeezed their price up to stratospheric levels of nearly 24¢ per lb. It was a cordial invitation to open every high-cost mine in the world. By 1933, the U. S. price was down to less than 5¢ per lb., foreign quotations to 4.40¢.
So temptation was there for employees to pilfer copper ingot or even process refined copper or precious metals.
A strike in 1985 led Phelps Dodge to suspend production, and depressed worldwide copper prices throughout the 1990s stymied efforts to reopen the mine. Nearby are the Papago Indian Reservation (east), the Cabeza Prieta National Wildlife Refuge (west), and the Organ Pipe Cactus National Monument (south).
Mining stopped in 1985. PD remained a presence in the community but sold much of its holdings, including the Plaza and the company housing. The remaining mines property is now owned by Freeport-McMoran Gold and Silver, Inc., which merged with Phelps Dodge in 2007.
That sure I am not sure there is any substance to the alleged Lue being connected to AJO operation?
Before 1872 AJo did not exist. the area is copper belt with very little significant gold vein deposits.
Crow
The ore mined there was smelter into blister copper ingots. below
Blister copper ingots with have impurities in then Some time lead silver gold and other metals in then they are reprocessed in a refinery. Ajo did not have the capacity to refine the copper blister it produced until an updated plant 1924 with anode casting and tank house refining, precious metal plant capacity.
If the story of treasure being found in 1929 was true. it might of been pilfered blister ingots before 1924. after then pilfer precious metals from the precious metals plant.
In 1929, during a period of “stabilization,” copper men squeezed their price up to stratospheric levels of nearly 24¢ per lb. It was a cordial invitation to open every high-cost mine in the world. By 1933, the U. S. price was down to less than 5¢ per lb., foreign quotations to 4.40¢.
So temptation was there for employees to pilfer copper ingot or even process refined copper or precious metals.
A strike in 1985 led Phelps Dodge to suspend production, and depressed worldwide copper prices throughout the 1990s stymied efforts to reopen the mine. Nearby are the Papago Indian Reservation (east), the Cabeza Prieta National Wildlife Refuge (west), and the Organ Pipe Cactus National Monument (south).
Mining stopped in 1985. PD remained a presence in the community but sold much of its holdings, including the Plaza and the company housing. The remaining mines property is now owned by Freeport-McMoran Gold and Silver, Inc., which merged with Phelps Dodge in 2007.
That sure I am not sure there is any substance to the alleged Lue being connected to AJO operation?
Before 1872 AJo did not exist. the area is copper belt with very little significant gold vein deposits.
Crow
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