On the uranium front, I like Hathor Exploration [HAT: TSX.V]. This company is one of the only bright spots in today’s junior stock market. They have a tremendous high-grade uranium discovery in the Athabasca Basin and have only explored about a third of the structure that hosts the uranium mineralization. Roughly outlined, they’ve probably got close to 40 million pounds—once that’s drilled out to a compliant resource, it’s probably worth about $300 million even in today’s market. But Hathor’s trading for well under half that value right now, and the deposit should grow much larger. So I really like Hathor as a stock that almost assuredly will trade for considerably higher prices down the road.

TGR: You follow uranium quite closely. Can you just give us an overview? What’s the outlook for uranium juniors?

BL: Uranium is a great long-term story, but when prices reached $110 to $120 a pound, it did get very much ahead of itself. Since then, we’ve come back to earth, and hard. A lot of that drop in price can be attributed to the diminishing outlook for the global economy. But a significant part of the decline has to do with the fact that hedge funds were speculating in uranium on the long side and they have obviously deleveraged. Some of them no longer exist.

From http://seekingalpha.com/article/1040...