The third uranium boom, or just a simmer?

Young Jimmy Walker was pumping gas at his uncle’s service station here a half-century ago when he caught uranium-hunting fever. He taught himself geology in one of nature’s best-endowed classrooms anywhere, the red rock Colorado Plateau. He became a prospector in time for a second uranium boom two decades later.

Now 77, Walker leans forward over his breakfast. It must be cold, the syrup-drenched pancakes and eggs, but he is oblivious. Eyes sparkling, he takes off again on the uranium boom he sees on the horizon, coming fast.

…Mark Steen, Charlie Steen’s son, foresees a resurgence. He and a partner have staked about 2,500 claims since last fall.
He wrote this summer in the Canyon Country Zephyr that AEC bought more than 40 million pounds of uranium concentrate from the processing mill his father started in Moab – a quantity worth $325 million between 1948 and 1971. The same concentrate at $110 a pound – where many believe the price of uranium is headed – would be worth $4.4 billion. Steen is among those who wouldn’t be surprised to see it reach $200 a pound.
“Brace yourself, Moab,” he warns, “the third uranium boom on the Colorado Plateau is on the way.”

The Salt Lake Tribune