Vernal Express | 1955-02-17 | Page 65 | No Uranium Bust in '55 Says ME VP

no uranium bust in 55 says ME VP there will be no uran urani lim inn bust in 1955 or 1956 but it may come if certain steps are not taken within the next five to ten years in the opinion of hay ray sullivan vice president of minerals engineering company grand junction sullivan sees at le least ast two major factors on which h he e bases hi 0 opinion pinion high promotion wi of the industry and secrecy on the part of the government by high promotion he explained he meant that the dollar per ton paid for usable ore has been lost sight of by tho general public which gets the uranium picture in term of huge ore bod bodfis F es worth millio millions s of dollars high promotion sullivan declared must simmer down to th the e hard facts about the uranium industry secrecy he added Is a bar to the processing of ore that Is now stacked up at mills throughout the plateau what should be consul done sullivan believes Is make known know the price and throw ore bu buying ing out on the open bid market div giving ing the mills a chance to catch up with the current supply he ile foresees a price rise lor for ore but says the ultimate price for usable material vill will g go 0 lower this aul wul be sullivan figures by doubling the efficiency of mining and milling methods now at a 2 per cent recovery rate which in effect will keep th the price of ore stable if we can reach a 4 per cent efficiency he said then doubling the price of ore will merely equalize with the cost of recovery with the solution of those two factors high promotion and undue secrecy sullivan believes the uranium industry will get down to a solid basis and stay there