As many of you here probably know, underground mining of the wet, sandy Shirley Basin ore was a difficult and costly operation, and only was economically feasible because of the very high value of the ore produced. We sought less expensive mining methods, and borrowing some of the technology developed in the petroleum business for the secondary recovery of oil, modified to meet our particular situation, we began solution mining in the fall of 1961. We have had a reasonable degree of success with this program, and since late 1963, when underground operations were suspended because of the stretch-out program, all of the production at Shirley Basin has been from solution mining. By 1960, when Utah acquired the remaining 40% of the Lucky Mc stock, the outlook for uranium was far from bright. By this time it was becoming apparent that the procurement program had been all too successful in meeting its objectives, and that the government had sired a child which was threatening to eat it out of house and home. Nor were the glowing predictions for the civilian nuclear energy market materializing so rapidly as had been hoped. In 1962, Utah, along with nine other companies, joined in the stretchout program which assured us of a market until 1 970, hopefully four years closer to the time when the civilian market might develop. Those of us who were compelled to discuss the uranium picture with security analysts during those years had to do a certain amount of whistling in the dark, for as late as 1962 the AEC was forecasting a demand in 1980 of only 13,000 tons annually and this wasn't very exciting to an industry that in 1961 was producing about 18,000 tons for sale to the AEC.