J. Irving Crowell, who had been in London to negotiate the deal, told the Rhyolite Herald upon his return that a company was being formed in London to take over the property, and that a fund of several hundreds of thousands of dollars would be provided for a thorough prospecting and development of the twenty claims of the Chloride Cliff property. As soon as sufficient ore was uncovered, suitable machinery for reduction would be installed. This would likely involve the erection of an extensive wire tramway which would stretch from the mine to a new mill site, which would be located near the water source. In the meantime, the old Bonanza Hotel would be removed from Rhyolite and rebuilt on the Cliff property to house the miners.

The new company evidently meant business, for a representative of the Lechion Cable and Tramway Company of Denver, which had built the aerial tramway for the Keane Wonder Mine, arrived in mid-April to inspect that tramway and to propose plans for building another one for the Chloride Cliff Mine. But snags developed in the negotiations for the sale of the Chloride Cliff mines, and towards the end of May, the Rhyolite Herald was forced to announce that "negotiation for the ultimate purchase of the Chloride Cliff property is still in progress . . . ." The purchase was still expected to be completed, however, which would "result in activity on an extensive scale very soon."

For the next two months, negotiations lagged. Although the Herald reported that the second of three payments for the property had been made, final transactions were still stalled, and the paper speculated that the deal would be made in time for mining to start with the cooler weather of October. But during the following month of September, the sale was still not completed, although Crowell announced that the final payment of the $250,000 purchase price was expected soon, and that the new company intended to spend at least another $250,000 in developments and improvements on the property. But still the sale was not completed. Crowell made another trip to London in October, and reported on his return that everything was progressing well. The English syndicate in turn sent a mining engineer to inspect the property in November, and Crowell again announced that the deal was progressing satisfactorily.

By late December, the patient Herald was able to announce that the deal had finally been closed, and that the English managers were expected in town early in 1912, when work would be started. But in February the paper was still saying the same thing. By March of 1912 it became apparent that the sale had not been made, and that it never would be. Crowell worked the property himself for a short time, before announcing in June that "Permanent operations on this property are again placed in the future. . ."