URANIUM: Bloom with a Bang

"When you pull yourself up by your bootstraps," says Dean McGee, president of Oklahoma's Kerr-McGee Oil Industries, Inc., "it's like a flower opening up—slowly at first, and then it finally spreads out." A small independent, Kerr-McGee spent 20 years pulling itself up to a $15 million annual business. Then, in the past five years, it trebled in size. Last week, Kerr-McGee spread itself still wider. It put together a combine with uranium ore reserves estimated at some 5,000,000 tons on the Colorado Plateau (total U.S. reserves: 30 million tons), worth some $200 million. If Kermac builds a $20 million...

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