HATHOR EXPLORATION (V-HAT) $1.91 +0.18

Maybe people are starting to care about uranium

again? We caught up with Steve Stanley, President of

Hathor Exploration today who tells us that they are experiencing

the typical things that always seem to go wrong

at the start of any drilling program, but they would expect

the first bunch of drilling results to come out starting in

about three to four weeks.

Meanwhile, we caught up with Eric Coffin of the Hard

Rock Analyst fame and he suggested that the uranium

sector feels like it is starting to “warm up again.”

He points to the Chinese deal with Cameco as the key

to the change in the feeling as he reminds us that there’s

so many reactors being built out there these days and

many of those people who spend billions of dollars on a

reactor, want to make sure that they’ve got some uranium

lined up for down the road.

Coffin reminds us that the Brothers and many others

have always felt that Hathor had a great project and a

great management team, but the question was, when will

uranium have people caring again?

One thing Coffin is looking forward to in the coming

months is some new resource estimates as to just how

many pounds of uranium they might have discovered so

far on their Roughrider project. The question remains

though, whether we have seen the turn in the uranium

sector as when does that spot price start moving is yet to

show a significant move.

There have been a lot of analysts that have been aggressive

on the Hathor story since day one, one of which

is Canaccord’s Eric Zaunscherb. He carries a still lofty

target of $4.50 on the Hathor story and writes, “We value

Hathor with a 49 million lbs U3O8 resource, based on

conceptual resources of 20 million lbs at Roughrider and

16 million lbs at Roughrider East, with room to grow.”

Go figure! A target that appeals to one’s sense of

greed in a world full of fear!