Hathor Exploration* (HAT : TSX-V : $1.81), Net Change: 0.00, % Change: 0.00%, Volume: 557,287
"Well I guess it would be nice, if I could touch your body, I know not everybody, has got an ore body like you." – George
Michaels' uranium analyst second cousin. Shares of Hathor were flat after the company provided the first of a number of assay
results from the winter drilling program on the 90%-owned Midwest NorthEast project with positive implications. Over the past
year, Hathor has time-after-time delivered results that most companies can only dream of, and is now putting together a high-
grade uranium project that oozes world-class potential; however, the stock continues to hibernate. Whether it is the weak
uranium price or the lingering bitter taste left from a negative analyst that has recently bowed out, the hibernating bear that is
Hathor's share price will sooner than later wake up with a roar. The results released on Tuesday are from the first 15 of 30 holes
(11,951 m) drilled on the Roughrider East zone. Although flagged by high scintillometer readings, the results were even better
than expectation. Highlight intersections include 22.5% U3O8 over 12.0 m, 11.75% U3O8 over 19.0 m and 81.5 m grading
1.6% including 6.1% over 13.5 m. Not only are these excellent intersections but many will not notice that the copper content is
also elevated with Roughrider East exhibiting one of the highest copper grades we have seen in the Athabasca Basin. For
example, the 22.5% U3O8 over 12.0 m hit also included 2.267% copper, 11.75% U3O8 over 19.0 m also included 0.911%
copper and the 81.5 m intersection graded 1.6% U3O8 plus 0.40% copper. So while the market continues to be blasé about
uranium exploration as long as the spot uranium price languishes, investors have the opportunity to build positions at what
appear to be cheap valuations - in advance of the inevitable catalytic move in the spot price.