Well said, XOL. I spent lots of time at the Hathor booth during PDAC and I can tell you that the management team is first rate. I agree that the market will probably not give us what we're worth, but a buyout/takeover should give us our proper value and the management team will play a big part in making this happen. All we need are at least 2 or 3 interested parties and I bet we already have that.

As for the current share price, my feeling is that it has completely disconnected from reality. A couple of analysts have projected that HAT could already have a resource of 30-43 million lbs. At a buy out value of $10-12 per lb, even the current valuation is not justified.

My thinking is that the current share price is largely due to the fact that HAT is one of the few stocks where shareholders actually booked some profits (remember that there's lots of us who have been in since $1 or less). Also, keep in mind that HAT released their step out holes on the same day that AIG posted a $61 billion loss, so market sentiment was not on our side. That being said, they're going about their business the right way. The drill program is systemic in order to define the ore body, yet this does not take away from what they've already found and keep in mind, they've yet to test the main target!

Bottom line, this is a buying opportunity.

Cheers,

G