Show Lists Lists' Net Profits i Of Resources Inc showed show show- ed ad a net profit of for Its first fiscal year ending April 30 1957 1951 according to the comet com pany's anys annual report Issued Fri Fri Fri- day This Income was derived from from Radon uranium mine More than half halt of t share of profits from the mines mine's operation was wu realized in the final quarter of the fiscal year according to R. R W. W Neyman pres pres 1 I ident During this three month period the mine shipped torts tons of ore having a gross value of This resulted In In Income income In in- come to of I after aCter mining costs Grade of ore for fot April was recently declared a I cash dividend of five cents a ashare ashare ashare share payable on August 5 to stockholders of f record July 5 The annual report outlines Ra Ra- Ra I ventures into the Gas Hills ills area of Wyoming where the company has obtained more than I 1200 uranium claims including some producing properties Five drill rigs are arc rc now at work drilling drill drill- drilling ing the properties to outline additional addi I I ore bodies Mr Neyman said parent company Federal Uranium Corporation has loaned initial development develop ment merit funds and will have the op opportunity opportunity op to participate with Ra in financing and subsequent subsequent quent profits from this operation The report states that during first year a I bank loan assumed upon formation formation forma forma- tion of the company was repaid Also Hecla Mining company operator operator operator op op- of the Radon mine for was reimbursed from first profits for the cost of developing the mine s first year has been marked by productive results the report states The Radon I mine is expected to provide your company with a substantial cash flow for the next several years and the promising new properties In the Gas Hills are ara giving your company an intriguing long range potential potentia |