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Show Make a Million? Mot Likely In Today's Uranium Markets Most people believe there are readings indicate only that ore is two ways to make money in the present, not the quantity or qualuranium business by finding the ity. Too, the operators may deduct yellowish mineral in large amount, salaries and costs of selling the or by investing m uranium stocks stock from the invested money, More than likely (and this will which means that of perhaps $300,-00- 0 take the wind out of a lot of sails) received from investors, only schemer will $100,000, or even less, will wind up the find the pot of gold he is seeking in actual exploration and producat the end of neither of these tion. rainbows. Hed better pack up his One other important little queslittle satchel of mvestable money tion is answered by the broker our and look elsewhere. has capitalist-to-b- e the In the first place, of the more friend out. The number of uranthan 600 producing uranium mines sought on the market today on the Colorado Plateau less than ium stocks that are not in the penny share ten of them are big money-makergroup can be counted on one hand. The remainder are putting from And whoever heard of making a $50 to $75 per day into their ow- fortune from share invest-ners pocket before expenses, that ments, unless penny issue is a specific is. So if our man with the $1,000 controlled by a professional manihe wants to turn into $1,000,000 pulator who, by his own efforts to quickly expects to be another Steen make a million quickly, will have or Cooper or Pick, hed be wise to a number of investors riding on alter his plans .somewhat. his kite, so to speak. So he heeds the advice, He deBefore investing in uranium cides he can make money fast in stocks of quick money, with uranium stocks. So he starts an our investora hope should consider the examination of the long list of Steen and Pick and a uranium stocks on the market cases of boards. An then he seeks out a couple of other successful uranium mining men on the Plateau. These reputable broker. The first thing he learns is that men found their ore deposits by exhe is not going to make a million tensive exploration conducted by dollars overnight, despite his dreams of quick fortune. The brokto er is careful explain that not all stocks listed are good, that some have been floated by uranium mining companies that just barely come within the rules and regulations of the Securities and Exchange Commissions. For example, there are some operators who lease land near a good producing mine and then float stock issues on the basis of future exploration. V, hen the stock is actually sold, there may be absolutely no indication that uranium ore is on the claim. Or, they may have obtained good scintillator or geiger counter readings but these themselves, filed their claims, and then started production of ore and sale to the Atomic Energy Commission without using any money other than what they themselves could eke out of the ground which later brought them wealth. So if a prospector or uranium mining company sells stocks on the market it is a pretty sure bet that the company is not yet producing ore If ore is in production, there is little chance the company will need outside financing. So it is an almost sure bet that if the stock is on the market, the company is not producing ore but is merely exploring for ore on land leased for that purpose. v I f But of course there are exceptions to the rule. So the stock may have been issued by a company with property already in production but costs have not yet been trimmed to assure maximum return on investments. The company, eager to come into possession of more and more producing mines, wants to do it without touching capital set aside for operation of the present operating mine, and floats a stock issue to obtain fresh capital. So were right back where we started. Any new exploration is a gamble. Therefore money of the investors is entered into a gamble and it is a gamble whether any profit will be made from the original investment, or whether or not even the invested capital can ever be returned to the investor. Our man w'ith a $1,000 still hasthe strictly phoney nt run across operator who operates outside the SEC regulations, the sly one who avers the investor will make huge profits overnight, or the salesman who tries to rush him into buying stocks because theyre about all sold now!, the claims that no uranium shares had ever shown a loss (lots of them have), that the stock was just about to go up to a dollar (only one or two have), and the salesman who hesitates to produce the offering circular. But if he is extremely anxious to FAREWELL, PLATEAU, is signified by President Eisenhowers in this picture, taken as he boarded his plane in Grand Junction, Colo., in September, after a visit to the area to learn about the Colorado Plateau. To add to his knowledge of the area, a specially bound copy of this Energy Edition will be presented to the President by Colorados Senior Republican Senator Eugene D. Milhkin. get rid of his money, the salesman will seek him out and relieve him of it. So perhaps the best advice conschemers cerning seeking fortunes in uranium would tt be to get a job as a janitor perhaps a store clerk somewher and be satisfied with a weekly wage. At least he then will have some return on his investment at his own labor. X IMPORTANT URANIUM DISCOVERIES have been made by the same geologists, geophysicists and geochemists of RESEARCH, INC., who previously revealed mineral properties valued in the millions! Now, RESEARCH, INC., offers the uranium producing recreation spots in western Colorado is at Sweetwater Lake in Eagle county, affording good fishing, invigorating cool air and plenty of Colorado sunshine. Fishermen find the lake, above Dotsero on the Colorado River, ONE OF THE MOST POPULAR a paradise. If you're in Uranium JRANIUM you belong M'ninA9n. O , inRE Industries industry grated uranium exploration programs, ... employing the pRODUCERS ASSOCIATION same modern techniques and ,$. A Contact L. A. Kim Theabold, Secretary-TreasurUranium Center Grand Junction, Colorado precision tools used in serv- ing government agencies. er Wl Keep abreast of ALL URANIUM ACTIVITY Subscribe now for the Comprehensive Monthly 3.00 yearly URANIUM Information DIGEST Name ) Bill A HAVE SERVED THE OR PHONE COUPON TODAY COLLECT: DALLAS, 1511-- lVE 8 aw- St DALLAS TEXAS 'ftvvjfeeMMMOJSVvVv. Riverside 3395 OR BRAND JUNCTION, Please send me, without cost or obligation, brochure entitled 'on wou91 Modern Precision Methods, COLORADO, 4652R Uranium Exploro- - FOR BROCHURE Address City i Hesearfi,9?tc. Me ; -- ATOMIC ENERGY COMMISSION Uranium Information Digest, Box 547, Grand Junction. ( ) 3.00 enclosed Please enter my subscription for UID ( scientific, inte- - all-inclusi- WITHOUT COST State Publication Devoted to the Best Interests of the Indusry OR OBLIGATION !- innff - FIRM- - -- CITY- -- STATE- VV'V-- MmirAtfrnM I |
