Canacord $$20.00$$ target possable
posted on
Jan 22, 2009 02:55AM
ATHABASCA BASIN: WHERE GRADE IS KING!
IF YOU COULD ONLY BUY ONE STOCK TO CHANGE YOUR LIFESTYLE?...
It’s a simple enough question...if you could only buy one stock right now that had the potential to change your
lifestyle, what would it be? We ask this simple question to many analysts and prognosticators. It’s ironic to be ask
ing a question like this as investors around the world have already had their lifestyle changed. Their pension plans,
their retirements and everything else as an estimated $30 trillion worth of equities has been destroyed from markets
around the world. It has also affected everything from real estate to bonds to debentures to you-name-it.
But sometimes life does go on, although there have been periods over the last while that one has wondered...so
back to the question and needless to say, if you are asking a question such as this, a response usually is a kind of
story that involves somewhere between high risk, really high risk, or “are you out of your mind?”
So here are our commentators and their picks.
ANALYST: Eric Zaunscherb
COMPANY: Canaccord Capital
PICK: Hathor Exploration (V-HAT) $3.15 -0.09
PICK: MAG SILVER (T-MAG) $7.10 +0.26
When Eric Zaunscherb picked Hathor Exploration, we
were wondering…“Excuse us Eric, but you follow the
stock and you give it a measly $4.25 target?” That’s not
going to change too many people’s lifestyle, unless youhave a rather modest one to start with.
His response is quite simple…“My target of $4.25 isbased on current data and what they have at this point.
When drilling resumes and if the geophysics and the size
of the anomaly is proven by drilling, this is a story that
could be much bigger than the current data suggests.”
A $20 target is not totally out of the ball park, once
again assuming what hasn’t been drilled yet comes up
with the goods…
There are many others that also believe Hathor is one
of the stories of the day, and as Eric and others point out,
they are in the right place—so close to infrastructure already built in the uranium belt of Northern Saskatchewan.
If you would like to see Eric’s research report on
Hathor, e-mail Debbie at debbie_lewis@canaccord.com
drill it and they will come
griz