Word: uranium
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Consolation for Physicists. At the Oxford meeting of the British Association for the Advancement of Science, Nobel Prizewinner Sir John Cockcroft announced a bit of long-range good news. He was sure, said Sir John, that long before the world exhausts its supply of uranium fuel, the energy of "the fusion of light elements (as in the hydrogen bomb) can be turned from destructive to peaceful uses. If this is true, the human' race need not worry about its energy supply for a very long time...
...near a crumbling ridge when he noticed that his Scintillometer was not registering properly. He thought it was out of order. But when he walked away from the rock the needle moved again. Then the light dawned. Says he: "I was sitting on a solid chunk of uranium ore." Pick, figuring it had rolled down from the cliff above him, scrambled up the rock face, chipping off pieces of rock as he went: "It was all beautiful yellow-orange-colored ore." He staked out a claim and then, to save his feet, fashioned a crude raft to carry him downriver...
After filing his claim papers at Grand Junction, he put up his truck and trailers as collateral, to borrow enough from Grand Junction banks to buy a jeep and rent a bulldozer. Then he built a rough twelve-mile road into his property and started to mine uranium ore. He soon proved up 300,000 tons of uranium ore, one of the richest finds in the Colorado plateau...
Payoff in Manhattan. Last week Prospector Pick went to Manhattan to see about selling his mine. There he sat down with Floyd Odium of Atlas Corp., who has been busily scouting the Colorado plateau, picking up uranium claims in hopes of putting together a major new combine of uranium companies. After several days of dickering, Pick sold his mine to Odium's Atlas Corp. for a whopping...
...property into big-scale production. At present Pick is digging out 1,500 tons of ore a month and selling it to the AEC at a clear profit of $32 a ton. Odium soon hopes to step that up to 10,000 tons a month. Said he: "Uranium is the oil of tomorrow, and tomorrow isn't very far away...