OCR Text |
Show The National Enterprise , June 23, 1976 Page ten Uranium: Cinderella of the 70 s Continued From Page Three too that the small prospector is a necessary ingredient in the New Uranium Boom. As with any mineral, he said, major companies depend on the prospector to locate good claims and bring them a Nuclear, Empire Exploration, Champion Gold and Silver, Helena Silver, Montgomery, Painted Desert, Jenex Gold, Volcanic Gold, Minerals Energy and Canyonlands have all increased. He said however, he believes submission. Appreciable the easy ore mineral bodies stock performance by several that laid close to the surface lower priced OTC companies have already been found and demonstrates the merit of this mined. Mining companies Midnite Mines, face the task of removing ore statement Evergreen, American from deep underground mines with, in some cases, over- burden 2,000-3,00- 0 feet deep. To aid in the discovery of what uranium there is, ERDA has launched a massive survey to sample stream waters and from airplanes, measure with detection sophisticated devices and computers the earths radioactive levels. Help Private Industry Their goal, according to a geologist based at ERDAs Grand Junction, Colo., office not to find a new uranium mine "we leave that to private industry. What we hope to find are areas that appear favorable for uranium exploration by drilling and other methods. While the price of uranium soared, along with it went labor and equipment costs. Executive vice president of American Nuclear John C. Ferguson said acid costs have increased 500 percent in 18 months. A drilling rig carrying a price tag of $88,000 a year ago runs $250,000 today. American Nuclear purchased a probe truck for $47,000 recently that cost $12,000 only three years ago. And Utah International, a major mining company, recently made a labor settlement of 26 percent. Coastal Alters Dividend Security Brokers, Dealers, Corporate Officials, Attorneys. ATLANTA, Ga.-Directo- of rs Coastal States Corp. (OTC 4.75, 5.125) met recently to approve a change to a quarterly dividend policy. The Board tentatively approved a 7 cents per share quarterly dividend, with final approval, and record and payment dates to be determined by the Companys Executive Committee, in order to coincide with the mailing of the first quarterly report to stockholders. Heretofore, for 18 years, Coastal has paid annual dividends in June of each year (27 cents per share last year). President Ernest Steele reported that Coastal States Corporation, parent company for Coastal States Life and its subsidiaries, had net earnings for 1975 of $525,217 (.23 per hand for sweaty palms A helping Juristics Securities Law Seminars help you avoid problems under securi- share) compared with $377,878 (.16 per share) for 74. Other year-en- d comparisons show net investment income to up from $7,536,778 income $7,758,444; premium from to $36,158,045 $36,900,904; assets rose from $143,719,393 to $150,024,586; and insurance in force from to $1,391,771,790 $1,420,535,091. Stockholders equity was down from $10,172,495 to $9,804,894, due largely to a $337,370 wTite down of preferred stocks to current market values as required by the Financial Accounting Standards Board. Total ordinary and annuity sales rose from $2,177,896 in paid annualized premium in 74 to $2,487,356 in 75. Group insurance sales increased from $1,642,765 in annualized premium to $2,603,119. And weekly sales premium (annualized debit increase) totaled $549,982 compared with $436,363 in 74. Coastal has 2,325,773 shares of stock issued and outstanding. These consoli- dated figures include Coastal States Corporation and its wholly owned subsidiaries: Coastal States Life Insurance Company; Universal Guaranty Life Insurance Company of Columbus, Ohio; Investment Trust and Assurance Company, Phoenix, Arizona; and National Diversified, Inc. ties regulations. Theyre education on tape to protect you and your clients. Complete, current, concise seminars covering the field of Securities Law, you learn at your leisure from experts. Listen and learn while you commute to the office, while you have lunch, in the evenings as you relax at home. O o O O i . O o 32 o O 12 Cassette Seminars in handsome album with compendium All for the small investment of only $1 00.00. Any one of the 1 2 sessions could save you many times its modest cost. JURISTICS ? . NOT INTERESTED? That s Okay, but handy in a few short months you may wish that you had been taking -- Join those in the know. Learn o about gold stocks, exploration. AON. O Send for your Juristics Securities Law Seminars now. Juristics, Inc. 233 Parker, Suite mining, legislation, gold in economy, Q and read O comments. O 2 101 P.O. Box 11126 San Francisco, California 941 01 A Name 2O Subscription. Street Address : State Account Number Signature O : Bankamericard writers and FREE "o City expert Leading Gold Newspaper: Since 1933 Please send me the Juristics 1 2 Cassette Seminar on Securities Law. My check for $1 00.00 is enclosed. Charge my better keep this ad Zip Master Charge Expiration Date : Your Choice ol Two Popular Books Gold! The Ultimate Hedge or Gold Panning lor Profit" sent with 5 o O o $6 Per Year Issued Monthly Money refunded if not delighted AMERICAN GOLD NEWS P.O. BOX 457, DEPT. HE O Gold-Gol- d lone. CA. 95640 Gold-Gol- d Gold-Gol- d ? o HZ oO ao Gold |