HATHOR EXPLORATION (V-HAT) $1.93 +0.14

One commodity that has finally started to set in a bottom

has been uranium as it has been easing up over the

last couple of months from $40.00, where it seemed to be

stuck for quite a while to recently up to around $48.00.

With so many uranium facilities being built around the

world, some suggest that it’s just a matter of time before

uranium prices do head higher and some commentators

attracting attention on BNN suggest that it is just a matter

of time before $70 is the number to be used for most calculations.

Needless to say, if $70 becomes the number,

there are a lot of uranium stocks that will be higher.

It’s been interesting to note that many if not the vast

majority of uranium stocks have been heading up over the

last few weeks, but one that is considered by many analysts—

the one pure play on uranium—Hathor Exploration,

has done just about nothing.

When we caught up with PR guy Tony Nunziata of

Hathor, he mentions the company has about $23 million in

the till and will be spending about $2 million on their Russell

Lake exploration project currently drilling. Five to ten

holes will be drilled there and he suggests that if they do

hit, the market will care a lot.

What most people will probably care about occurs in

the next three to four weeks and that’s new resource estimates

on their Roughrider property in Saskatchewan, followed

a couple of weeks later by resource estimates on

their Roughrider East property. Some good numbers

there and I suspect Hathor will be back to its old position.

It will be later (probably January) that they get back to

work on their main stay—the Roughrider projects after

freeze up in January,