http://www.uraniumseek.com/news/Uran...

New discoveries by junior uranium exploration companies over the past 20 years have been a rarity. Only two notable significant new discoveries have been made, both of which we’ve been following in Winston’s Growth Stock Report since they started trading.

One of those was by Hathor Exploration (HAT, TSXV) who have just received their first institutional research report by analyst Patrick Donnelly of Salman Partners. Donnelly reports that the Roughrider Zone at their Midwest NorthEast property is a "World class discovery!" Based on his discussions with management, he has estimated that the deposit has approximately 828,000 tonnes at an average grade of 2.4% U3O8, containing approximately 43.8 million pounds which could get much bigger as drilling continues.

Donnelly has suggested a 12 month price target of $6.40 and expects Hathor to become a takeover target. "Given the Midwest NorthEast’s proximity to the McClean Lake mill, we expect that AREVA, Cameco or Denison Mines could attempt to take over Hathor."

So in conclusion, I’m still very bullish on the uranium market. I believe the greatest capital gains will come from the junior explorers who are proving up resources, namely Hathor Exploration and Uracan Resources both of which are trading at deep discounts from their market caps this past summer.