HATHOR EXPLORATION (V-HAT) $2.63 +0.31

Okay, we take back that comment about Hathor Explorations

being a dog back when! That goes back a couple of

weeks when uranium was starting to move as we noticed

uranium prices edging up from a plateau at $40 to $49 and

$50, but one story, Hathor, considered by many analysts

the premier play in the sector had done just about nothing.

All of a sudden, the chart tells you that things are suddenly

changing as Hathor responds as a speculator would

have hoped for some time ago. Not a dog anymore...maybe

a nice puppy, but if some of the analysts are right, expecting

$60 and $70 uranium down the road as so many more

nuclear reactors come on stream around the world, particularly

in China, the sector is starting to attract more attention.

Meanwhile, drilling results just released by Hathor also

didn’t create much of a stir in the markets but now the market

seems to be catching up as well.

In the Hard Rock Analyst, the Coffin Brothers write,

Hathor just put out a stunning drill hole from the Roughrider

East zone – 7.7% U3O8 over 63.5 metres that included

24.3% U3O8 over 17.5 metres. This confirms the importance

of this new zone to the overall scope of the Mideast Northwest

project, and puts a 50 million pound potential on the

table. It’s logical to assume this is the strongest of the

holes from the summer program, and it will now be a matter

of seeing what can be added to it. HAT had already announced

that it has started a drill program at the separate

Russell Lake project that is in the middle of the productive

part of the Athabasca basin. If the current up tick of interest

in the uranium space continues, HAT should be one of the

juniors leading the charge.”

Meanwhile, Canaccord analyst Eric Zaunscherb chimes

in, writing: “Spectacular Intersection Confirming our

Model; Maintaining C$4.50 target and Speculative Buy Rating.”

Zaunscherb writes, “Rated SPECULATIVE BUY for exposure

to one of the most important high-grade uranium discoveries

in the past decade. Release of assay results from

Hole MWNE-10-648, the best to-date on the project, is confirming

our modeling. The hole delivered 63.5 metres grading

7.75% U3O8 in the heart of the Roughrider East zone on

the 90%-owned Midwest NorthEast project, Athabasca Basin,

Saskatchewan.