Winston's Growth Stock Report

Your Source for High Potentials Stocks

Issue 32, July 30, 2010

Hathor Resources (HAT, TSXV)

Our favorite junior exploration company, Hathor Resources had a nice upward surge with their share price recently as reports are now circulating that the uranium spot price is finally moving back up.

The two spot price information sources are Trade Tech that showed a US $2 price increase to US $43.50 and UxC which popped US$4.25 to US$46 per pound of U3O8.

Once again when can look to the Far East for the source of new bullish uranium sentiment. A Bloomberg report stated that China is buying unprecedented amounts of uranium, signaling that prices are poised to rebound after three years of declines. Due to this forecasted surge of buying by China, RBC Capital Markets says that the spot price could jump 32% next year. Max Layton, of the Macquarie Bank in London is anticipating that U3O8 will reach $56.25 next year and $60 in five years. With 61 nuclear power plants under construction world-wide, China is leading the pack with 24 new plants on the drawing boards.

Though we have known that the uranium price would jump eventually due to increased demand going forward, there has been a very encouraging and fast reaction between the spot price and uranium equities.

Hathor is still a long term buy for growth.

Ventana Gold (VEN, TSXV)

There has been some big news from the Ventana camp this week.

First the company has nailed down 100% of the mineral rights to the La Bodega and La Baja properties. This means that they have increased the size of their exploration properties with the hopes that mineralization will continue to trend onto these new properties from the already proven La Mascota and Las Mercedes zones. Two drill rigs will be utilized to prove out that theory in the immediate future.

The second news release this week featured more impressive drill results from 13 new drill holes from their La Bodega project. Notable results included the El Cuatro zone which returned 13.1 m grading 19.4 g/t gold-equivalent, 19.5 m grading 7.9 g/t gold equivalent and 23.5 m grading 5.9 g/t gold equivalent.

From the La Bodega zone six holes were drilled featuring 57.0 meters of 3.6 g/t gold equivalent and 33.1 meters of 4.2 g/t gold equivalent.

The La Mascota zone had some infill drilling completed with good high grade returns including 49.0 m grading 6.7 g/t gold and 13.1 m grading 18.2 g/t gold.

We can expect more drilling results in the weeks ahead but the next big catalyst will be an initial resource and scoping study report on the La Bodega project which is expected in Q4 2010.

Ventana is still a buy for growth.