Leon Frazier, Provo, Utah, Uranium History Series

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LEON FRAZIER #2 properties, then they would make a deal to pick them up if they wanted it bad enough. The big ones kept getting bigger. Sometimes the 1 i ttle guy who would hit a marginal operation, a marginal uranium mine and couldn't work it would go to the big companies and offer to sell it to them for little or nothing just to get their money out of it. So the big companies that had the good exploration crews and the financial backing to survive, survived and took over the claims. Climax Uranium has closed down the mill at Grand Junction, but they're still very much in the mining business, very much in the uranium mining business. And I'm sure when economic conditions are such they' 11 reopen their properties. They' re not backing out of these properties, but the big companies I think are a little more selective than the small promotional companies, but it really depends upon the situation. Now you've got lots of larger, as I mentioned before, energy companies, the oil and the gas companies taking a long look at the uranium mining business, and some of them are getting into it pretty heavily. MH: Well, now when you mentioned that large companies have gone into this and are active, but I've noticed that today in order for your claims to be worthwhile, 29