Inherent in a decision to spend money in exploration is an explicit or intuitive judgment that the orebodies found will be rich enough and the market strong enough to support profitable production reasonably soon after discovery. For uranium, these judgments are based upon general principles that derive from historical behavior patterns in other cyclically priced resource commodities, and upon extrapolation of recognized trends that pertain to uranium's unique characteristics. Some of these factors are discussed in an examination of strategies which could be pursued in uranium exploration and development for the 1980s.

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