Stephen Birch, a mining engineer just out of school, was in Alaska looking for investment opportunities in minerals. He had the financial backing of the Havemeyer Family, and another investor named James Ralph, from his days in New York. Birch spent the winter of 1901-1902 acquiring the "McClellan group's interests" for the Alaska Copper Company of Birch, Havemeyer, Ralph and Schultz, later to become the Alaska Copper and Coal Company. In the summer of 1901, he visited the property and "spent months mapping and sampling." He confirmed the Bonanza mine and surrounding by deposits were, at the time, the richest known concentration of copper in the world.