14. will recapture much if not all of the decline in profits because of the lower prices. (Slide #5 - Uranium Production - in concentrate) As we entered the decade of the 60's Utah found itself with important uranium production committed to a single buyer, the Atomic Energy Commission, which had already indicated its interest and desire to cut down its purchases and to phase out of its buying program. However, the decade witnessed the birth and growth of a developing market for uranium for peacetime uses and today the outlook for uranium is very promising indeed. Utah's production fell during the first five years but recovered strength and profitability as the civilian market emerged. Last year our