Show its up and down in uranium mini mining ng 1 its no longer a little roans mans g game ame this uranium business that is the studied opinion of howard balsley ot moab ahoi ha has been bee a in the uranium busi business nets since 1915 he warns that almost all of the surface uranium out droppings crop pings have been discovered and from now on it will require deep drilling and big money to seek it out balsley now 64 years old tramped the mountains around moab staking uranium claims long before geiger gelger counters were invented he urges people not to risk their life savings on onetime one time uranium hunting deals he maintains there are two ways of making money out of uranium one Is by actually mining it th the e other by selling it the latter latter includes claims maims and wild promotions furiously selling stock but the ordinary small timer Is much better off buying stock in a reputable firm and awaiting company growth counsels balsley directly or indirectly balsley has an interest in 50 to 75 claims around moab several c companies 1 ompa riles are past the halt m millian i 11 ion dollar mark in production off claims be he has sold not always has there been plenty of food and shelter for ibis this old time miner in 1908 he be recalls his first four months in moab netted him exactly 50 cents later he worked for 1 a day and from that saved 30 and took a civil service examination for a clerical erica I 1 job in I 1 the he la sal national forest lorest service office he got the job and worked for nine mine years ending up as acting supervisor then he went to work in a bank remaining for several years until being elected county clerk auditor and clerk of the district court all formed one job in grand county then it was while in the state and county positions that he started prospecting fag after work ork and on weekends s the bug bit him and be he started devoting full time to prospecting and producing after 13 years in the county building his county lob job th though 0 ugh worked out as a butter buffer when in 1918 the bottole bottom fell out of the radium market w when n pitchblende was found in south africa it was then that balsley became interested in vanadium then in 1923 a mountain of it was found la in peru he was out again vitro chemical co of pittsburgh started stall buying uranium in 1934 for use in ceramic colors balsley was in again later the army and finally the atomic energy commission moved in and painting potted pottery with uranium it is a pretty ye yellow became a thing of the past balsley is still in and he believes private industry will soon be putting atomic energy to work in many fields so he figures hell stay in |