Hot junior resource stock, small cap resource stock investment tips hathor exploration limited hat.to

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Meadow Bay Gold Corp (TSX: MAY)

Meadow Bay Capital Corporation (TSX: MAY) (OTCQX: MAYGF) is a mining and exploration company. Its+ Read More

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Hathor Exploration Limited(Symbol: HAT.TO)
Company Name:	Hathor Exploration Limited
HQ Location:	Vancouver, BC
Company Website:	www.hathor.ca
Shares Outstanding	100.8 Million
Closing Price (June 07, 2010)	$1.43
Market Cap:	$144.1 Million
Average Daily Volume	321,000

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Business Overview

Hathor Exploration Limited (Hathor) is an advanced stage exploration company focused on exploring for uranium. It is engaged in the process of exploring its mineral property interests in Western Canada. The Company, through its subsidiary company, Roughrider Uranium Corp., has uranium property interests in the world famous Athabasca Basin region of Saskatchewan and Alberta. The company is currently focused at its Midwest-Northeast property and on advancing its core asset at Roughrider.
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What is interesting?

The company has an extensive land position in the eastern and western Athabasca Basin and several high percent uranium discoveries.
The company had acquired uranium assets during 2003 when uranium price was low and uranium assets were relatively inexpensive. This allows the company to extract considerable value through successful exploration on the acquired properties.
The company’s land position is over 1 million acres in eastern and western Athabasca Basin and its property portfolio comprises of 10 uranium projects.
Hathor’s uranium properties are near existing processing facilities and are surrounded by strong infrastructure.
A strong treasury with cash of $25 million and no debt is key advantage for the company and ensures that it can follow an aggressive and active exploration plan.
Company’s projects are in Canada, a safe and stable mining jurisdiction with very low geo-political risks.
The demand for uranium is expected to stay relatively strong in coming years as fast growing developing countries such as China and India boost their nuclear energy production. This will benefit uranium exploration companies like Hathor Exploration.
The company has been drilling aggressively and remains as one of the most active explorer in the region and has done over 65,000 metres of drilling till the end of 2009.
The company has tremendous exploration potential as the deposit remains open at its core property- the Midwest-Northeast property and it has an aggressive drilling plan during 2010.

Risks

Toroparu is at an early stage of development and exploration; there is considerable uncertainty in defining and developing the resources. The company will need to raise additional capital to continue to define its resource which is dependent on market conditions.

Hathor Exploration Limited News

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