OCR Text |
Show industrial future Announcement this week by Atlas Minerals that they had entered into an exploration lease agreement with Amerada Petroleum Corp., to attempt ot prove uranium reserves which would be eventually milled in the Moab uranium mill, is another big indication that a continued industrial future in uranium is assured, as well as tin? future predicted for the well-developed potash industry. Realistic comments from he president of Atlas Minerals, however, should do a lot to clear up the ques tion ill the minds of many optimistic watchers who are expecting the exploration boom now being experienced exper-ienced to turn overnight into a development boom. What happens during the next four years will determine de-termine what the- uranium industry ultimately amounts am-ounts to. Unless there is an upward spiral in the price of concentrates, and it is fairly well assured tlhat there will bei little development work will follow the exploration. |