(To sort click on the column headings in blue)                  

COMPANY NAME													Stocks in	1 Month
(click on the company name for	Latest		U. S.	Canadian	U. S.	Canadian	Expiration	Exercise	Exercise	Wts		Price	the money	Historic		Fair
number of warrants trading,	Insider	Warrant	Symbol	Stock	Symbol	Warrant	Date	Price	Price	per	Leverage	of	(Intrinsic	Volatility	Warrant	Market	Comments
company website and warrant PRs.)	Activity	CUSIP NO	Stock	Symbol	Warrant	Symbol		US$	Cdn$	Share		Common	Value)	Annualized	Price	Value
Agnico Eagle	T.AEM	008474 13 2	AEM	T.AEM	AEMLW	AEM.wt.u	14-Nov-07	$19.00	$20.13	1	2.01	40.7	$20.57	49.8	20.24	$20.82	Fair Value
Stelco Inc	T.STE	858525 14 0	SECNF.pk	T.STE	SECWF.pk	STE.wt	31-Mar-13		$11.00	1	1.62	25.1	$14.10	33.9	15.5	$17.22	Undervalued
First Capital Realty	T.FCR	35168Q 11 4	FCRGF.pk	T.FCR		FCR.wt	31-Aug-08		$11.80	1	1.86	25.3	$13.50	14.7	13.6	$14.10	Fair Value
Katanga Mining	T.KAT	49373T 12 8	KATFF.pk	T.KAT		KAT.wt	20-Nov-11		$8.50	1	1.67	20	$11.50	40.5	12	$13.59	Undervalued
Pan American Silver	T.PAA	697900 12 4	PAAS	T.PAA	PAAWF.pk	PAA.wt	20-Feb-08		$12.00	1	2.04	22.88	$10.88	57.2	11.22	$11.32	Fair Value
Denison Mines  (1)	T.DML	248356 11 5	DMLCF.pk	T.DML		DML.wt	24-Nov-09		$15.00	1	2.19	23.9	$8.90	71	10.89	$13.81	Undervalued
Kinross	T.K	496902 16 4	KGC	T.K		K.wt.a	22-Oct-07		$1.90	2.24871	1.55	11.98	$7.71	47.6	3.44	$4.49	Undervalued
NovaGold Resources	T.NG	66987E 11 5	NG	T.NG	NGRWF.pk	NG.wt	1-Oct-08		$7.00	1	1.84	14.68	$7.68	48.4	8	$8.19	Fair Value
Thompson Creek Metals	T.TCM	884768 11 0	BLEFF.pk	T.TCM		TCM.wt	27-Oct-11		$9.00	1	1.69	16.65	$7.65	77.4	9.84	$12.18	Undervalued
Yamana Gold	T.YRI	98462Y 14 2	AUY	T.YRI	AUYWF.pk	YRI.wt.A	20-Nov-08		$2.50	1.66667	1.58	10.27	$6.10	69	3.89	$4.78	Undervalued
Endeavour Mining Cap	T.EDV	G3040R 12 5	EDVMF.pk	T.EDV	EDVWF.pk	EDV.wt	10-Nov-08		$5.50	1	1.97	9.08	$3.58	59.7	4.6	$4.40	Fair Value
Northern Orion Resources	T.NNO	665575 11 4	NTO	T.NNO	NTWWF.pk	NNO.wt	29-May-08		$2.00	1	1.72	4.69	$2.69	47	2.73	$2.77	Fair Value
NovaGold Resources	T.NG	66987E 13 1	NG	T.NG		NG.wt.A	7-Jan-08		$12.10	1	4.52	14.68	$2.58	48.4	3.25	$3.37	Fair Value
Silver Wheaton	T.SLW	828336 13 1	SLW	T.SLW	SLWBF.pk	SLW.wt.b	22-Dec-10		$10.00	1	1.87	11.68	$1.68	51.7	6.25	$5.49	Overvalued
Neo Material Tchnlgys Inc	T.NEM	64045Y 11 6	NEMFF.pk	T.NEM		NEM.wt	31-Aug-08		$2.50	1	2.42	3.99	$1.49	45.7	1.65	$1.71	Fair Value
Breakwater Resources	T.BWR	106902 15 8	BWLRF.ob	T.BWR	BWLWF.pk	BWR.wt	28-Jan-09		$1.00	1	1.65	2.43	$1.43	70.9	1.47	$1.58	Fair Value
Mercator Minerals Ltd	T.ML	587582 11 5		T.ML		ML.wt	16-Feb-12		$4.00	1	1.60	5.2	$1.20	106	3.25	$4.15	Undervalued
Metallica Resources	T.MR	59125J 12 0	MRB	T.MR	MRBWF.pk	MR.wt	11-Dec-08		$3.10	1	3.26	4.08	$0.98	103.3	1.25	$2.20	Bargain
Equinox Minerals	T.EQN	29445L 11 3		T.EQN		EQN.wt	6-May-08		$2.30	1	2.91	3.14	$0.84	62.7	1.08	$1.14	Fair Value
Baja Mining Corp	T.BAJ	05709R 11 1	BAJFF.pk	T.BAJ		BAJ.wt	13-Apr-09		$1.15	1	1.88	1.95	$0.80	76	1.04	$1.11	Fair Value
Rio Narcea Gold	T.RNG	766909 13 9	RNO	T.RNG	RNWTF.pk	RNG.wt	11-Sep-08		$5.00	1	5.34	5.5	$0.50	2.8	1.03	$0.76	Overvalued
Salazar Resources	V.SRL	794007 11 2		V.SRL		SRL.wt	19-Mar-09		$1.50	1	1.65	2	$0.50	94.6	1.21	$1.10	Fair Value
Eastern Platinum Limited	T.ELR	276855 12 9	ELRFF.pk	T.ELR		ELR.wt.A	28-Mar-09		$1.80	1	2.62	2.07	$0.27	52	0.79	$0.71	Fair Value
M D N Inc	T.MDN	31943B 12 6		T.MDN		MDN.wt	14-Jan-09		$1.00	1	1.64	1.13	$0.13	72.7	0.69	$0.45	Overvalued
Eastern Platinum Limited	T.ELR	276855 11 1	ELRFF.pk	T.ELR		ELR.wt	25-Apr-08		$2.00	1	4.60	2.07	$0.07	52	0.45	$0.42	Fair Value
T O R R Canada Inc	T.TOR	891326 11 8	TORFF.pk	T.TOR		TOR.wt	2-Nov-09		$0.65	1	2.30	0.69	$0.04	88.3	0.3	$0.37	Undervalued
Strait Gold Corp	V.SRD	86258R 11 6		V.SRD		SRD.wt	25-Apr-08		$0.30	1	3.75	0.3	$0.00	97.5	0.08	$0.10	Undervalued
European Minerals Corp	T.EPM	G3192Y 12 6	EPMCF.PK.	T.EPM	EPMWF.pk	EPM.wt.a	11-Apr-10		$1.20	1	2.51	1.19	-$0.01	122.9	0.475	$0.83	Bargain
European Minerals Corp	T.EPM	G3192Y 11 8	EPMCF.PK.	T.EPM		EPM.wt	23-Dec-08	$1.20	$1.27	1	2.98	1.19	-$0.08	122.9	0.4	$0.63	Bargain
Ivory Energy	V.IV	46589L 11 3		V.IV		IV.wt	18-Jul-12		$1.00	1	2.67	0.8	-$0.20	87.3	0.3	$0.54	Bargain
Gold Point Energy Corp	V.GPE	380956 17 7		V.GPE		GPE.wt	29-Dec-08		$0.50	1	3.11	0.28	-$0.22	85.4	0.09	$0.07	Overvalued
Visible Gold Mines	V.VGD	92834E 11 6		V.VGD		VGD.wt	17-Jul-09		$0.50	1	3.19	0.255	-$0.25	52.8	0.08	$0.03	Very Overvalued
Tiomin Resources	T.TIO	887901 17 1	TMIRF.pk	T.TIO		TIO.wt	7-Dec-07		$0.37	1	5.75	0.115	-$0.26	112.9	0.02	$0.00	Very Overvalued
Metrobridge Networks	V.MEB	59165A 11 2		V.MEB		MEB.wt	26-Jul-09		$0.65	1	3.27	0.36	-$0.29	79	0.11	$0.10	Fair Value
Rye Patch Gold	V.RPM	783727 11 8		V.RPM		RPM.wt	19-Jul-09		$0.75	1	4.50	0.45	-$0.30	97.4	0.1	$0.18	Bargain
Medical Intelligence Tech	V.MIZ	58458F 12 7		V.MIZ		MIZ.wt	28-Sep-07		$0.80	1	10.89	0.49	-$0.31	94.3	0.045	$0.01	Very Overvalued
Ascendant Copper Corp	T.ACX	043503 12 7	ASCPF.pk	T.ACX		ACX.wt.a	22-Jun-09		$0.65	1	2.86	0.315	-$0.34	147.4	0.11	$0.18	Bargain
Mesa Uranium Corp	V.MZU	59066W 11 4	MSAUF.pk	V.MZU		MZU.wt	21-Dec-07		$0.75	1	6.15	0.4	-$0.35	112.4	0.065	$0.03	Very Overvalued
Avnel Gold Mining	T.AVK	G0683R 12 3		T.AVK		AVK.wt	30-Jun-10		$1.06	1	2.33	0.7	-$0.36	55.1	0.3	$0.19	Overvalued
European Minerals Corp	T.EPM	G3192Y 14 2	EPMCF.PK.	T.EPM	EPMJF.pk	EPM.wt.b	21-Mar-11		$1.55	1	2.90	1.19	-$0.36	122.9	0.41	$0.89	Bargain
Medical Intelligence Tech	V.MIZ	58458F 13 5		V.MIZ		MIZ.wt.a	20-Oct-08		$0.85	1	7.00	0.49	-$0.36	94.3	0.07	$0.12	Bargain
Palo Duro Energy	V.PDE	69744M 11 5		V.PDE		PDE.wt	23-Mar-09		$0.50	1	1.53	0.13	-$0.37	159.1	0.085	$0.06	Overvalued
Redcorp Ventures	T.RDV	757268 16 4		T.RDV		RDV.wt	10-Jul-09		$0.65	1	3.44	0.275	-$0.38	108.5	0.08	$0.10	Undervalued
Olympus Pacific Minerals Inc	T.OYM	68162Q 11 1	OLYMF.PK	T.OYM		OYM.wt	31-Jul-09		$0.90	1	2.04	0.51	-$0.39	88	0.25	$0.17	Overvalued
Bordeaux Energy	V.BDO	099535 11 4	BDOXF.pk	V.BDO		BDO.wt	6-Aug-08		$0.90	1	2.58	0.49	-$0.41	47.6	0.19	$0.02	Very Overvalued
Khan Resources	T.KRI	496902 13 1	KHRIF.pk	T.KRI		KRI.wt	3-Aug-08		$1.90	1	1.83	1.46	-$0.44	447.7	0.8	$1.41	Bargain
Australian Solomons Gold	T.SGA	Q8271C 11 8		T.SGA		SGA.wt	28-Aug-08		$1.71	1	4.86	1.24	-$0.47	84.9	0.255	$0.31	Undervalued
Terrane Metals	T.TRX	88103A 11 6		V.TRX		TRX.wt	21-Jun-12		$0.85	1	2.15	0.365	-$0.49	80.9	0.17	$0.19	Undervalued
Copernican British Banks Fund	T.CBB	21727V 11 7		T.CBB-UN		CBB.wt	14-Jun-10		$10.00	1	31.67	9.5	-$0.50	6.8	0.3	$0.95	Bargain
I C S Copper Systems Ltd	V.ICX	449664 11 9		V.ICX		ICX.wt	4-May-09		$1.30	1	2.50	0.8	-$0.50	77.3	0.32	$0.22	Overvalued
Bankers Petroleum	T.BNK	066286 12 1		T.BNK		BNK.wt.A	1-Mar-12		$0.90	1	2.32	0.395	-$0.51	113.7	0.17	$0.28	Bargain
Titan Uranium	V.TUE	88832T 12 1	TUEFF.pk	V.TUE		TUE.wt.A	21-Oct-07		$1.35	1	5.47	0.82	-$0.53	311	0.15	$0.30	Bargain
Energentia Resources	V.ENR	29268P 11 8		V.ENR		ENR.wt	14-Feb-09		$0.75	1	2.63	0.21	-$0.54	166.5	0.08	$0.10	Undervalued
Calstar Oil & Gas	C.CALS	13135U 11 2	CLGSF.pk	C.CALS		CALS.wt.b	28-Sep-07		$0.65	1	10.00	0.1	-$0.55	119.3	0.01	$0.00	Very Overvalued
Bankers Petroleum	T.BNK	066286 11 3	BNKFF.pk	T.BNK		BNK.wt	10-Nov-09		$0.95	1	3.59	0.395	-$0.56	113.7	0.11	$0.18	Bargain
Geovic Mining Corp	V.GMC	373686 12 0	GVCM.pk	V.GMC	GVCMW.pk	GMC.wt	3-Nov-11		$2.75	1	1.27	2.19	-$0.56	76.7	1.72	$1.24	Overvalued
Oromonte	V.ORR	687083 11 3	ORMOF.PK	V.ORR		ORR.wt	17-Nov-08		$0.75	1	1.80	0.18	-$0.57	80.7	0.1	$0.01	Very Overvalued
Erdene Gold	T.ERD	29480Q 11 8	ERDGF.pk	T.ERD		ERD.wt	15-Jun-09		$1.60	1	1.96	1	-$0.60	119.2	0.51	$0.50	Fair Value
Bioniche Life Sciences Inc	T.BNC	09063P 12 5		T.BNC		BNC.wt	13-Mar-09		$1.40	1	3.43	0.72	-$0.68	42.7	0.21	$0.04	Very Overvalued
Urbana	T.URB	91707P 11 7		T.URB		URB.wt	11-Jan-09		$3.75	1	9.09	3	-$0.75	73.6	0.33	$0.87	Bargain
Urbana	T.URB	91707P 12 5		T.URB		URB.wt.a	12-Jul-09		$3.75	1	15	3	-$0.75	73.6	0.2	$1.05	Bargain
Blue Sky Uranium	V.BSK	096049 11 9		V.BSK		BSK.wt	23-Mar-09		$1.30	1	3.27	0.54	-$0.76	45	0.165	$0.18	Fair Value
Geovic Mining Corp	V.GMC	U37397 11 1	GVCM.pk	V.GMC		GMC.wt.a	6-Mar-12		$3.00	1	2.92	2.19	-$0.81	76.7	0.75	$1.25	Bargain
RailPower	T.P	750758 11 2		T.P		P.wt	12-Feb-10		$1.25	1	3.86	0.425	-$0.83	63.5	0.11	$0.06	Overvalued
TSO3 Inc	T.TOS	873015 13 5		T.TOS		TOS.wt	9-Mar-09		$3.00	1	3.58	2.15	-$0.85	65.9	0.6	$0.51	Overvalued
Grande Cache Coal Corp	T.GCE	38655X 11 3		T.GCE		GCE.wt	11-Aug-08		$1.60	1	6.43	0.74	-$0.86	68.4	0.115	$0.05	Very Overvalued
Stornoway Diamonds	T.SWY	86222Q 12 9	SWYDF.PK	T.SWY		SWY.wt	12-Apr-09		$1.50	1	2.78	0.64	-$0.86	161.3	0.23	$0.37	Bargain
Peak Gold	V.PIK	70468J 11 4		V.PIK		PIK.wt	3-Apr-12		$1.50	1	2.72	0.53	-$0.97	82.6	0.195	$0.25	Undervalued
Futura Loyalty Group	V.FUT	373686 11 2		V.FUT		FUT.wt	1-Jan-08		$1.10	1	11.00	0.11	-$0.99	88.6	0.01	$0.00	Very Overvalued
Ivanhoe Energy	T.IE	G5221G 11 7	IVAN.pk	T.IE		IE.wt	15-May-11		$2.93	1	2.43	1.94	-$0.99	45.2	0.8	$0.51	Overvalued
Glencairn Gold Corp	T.GGG	379462 11 2	GLE	T.GGG	GLECW.pk	GGG.wt	26-Nov-08		$1.25	1	3.90	0.195	-$1.06	246.3	0.05	$0.13	Bargain
Stingray Resources	T.SRY	860838 11 9	SGYRF.PK	T.SRY		SRY.wt	24-Apr-09		$1.80	1	4.60	0.69	-$1.11	90.6	0.15	$0.15	Fair Value
Nevsun Resources	T.NSU	64156L 15 0	NSU	T.NSU		NSU.wt.a	25-Oct-08		$3.00	1	3.62	1.81	-$1.19	67.4	0.5	$0.27	Overvalued
International Nickel	T.INV	465790 11 1		T.INV		INV.wt	18-Nov-08		$2.25	1	9.70	0.97	-$1.28	79.6	0.1	$0.13	Undervalued
International Minerals Corp	T.IMZ	460061 12 0	IMZLF.pk	T.IMZ		IMZ.wt	19-May-08		$6.88	1	13.98	5.59	-$1.29	23.4	0.4	$0.13	Very Overvalued
Lateegra	V.LRG	59318A 11 8	LRGFF.PK	V.LRG		LRG.wt	1-Dec-08		$1.50	1	4.30	0.215	-$1.29	120.3	0.05	$0.02	Very Overvalued
Northern Orion Resources	T.NNO	665575 12 2	NTO	T.NNO	NTOWF.pk	NNO.wt.a	17-Feb-10		$6.00	1	4.60	4.69	-$1.31	47	1.02	$1.17	Undervalued
Great Basin	T.GBG	45107L 11 8	GBN	T.GBG		GBG.wt	17-Apr-09		$3.50	1	4.43	2.17	-$1.33	115.2	0.49	$0.98	Bargain
Nevsun Resources	T.NSU	64156L 13 5	NSU	T.NSU	NSUWF.pk	NSU.wt	29-Jun-08		$3.25	1	5.03	1.81	-$1.44	67.4	0.36	$0.15	Very Overvalued
Iamgold	T.IMG	459875 11 8	IAG	T.IMG		IMG.wt	12-Aug-08		$3.75	2.381	4.15	7.41	-$1.52	53.5	0.75	$1.66	Bargain
Southern Era Diamonds	T.SDM	84415N 11 0	SDMFF.pk	T.SDM	SDMWF.pk	SDM.wt	17-Nov-08		$2.00	1	11.25	0.45	-$1.55	111.3	0.04	$0.06	Bargain
Endeavour Silver Corp	T.EDR	29258Y 11 1	EDRGF.pk	T.EDR	EDWGF.pk	EDR.wt	24-Oct-07		$5.25	1	18.20	3.64	-$1.61	156.6	0.2	$0.54	Bargain
Coalcorp Mining	T.CCJ	190135 11 1	CCJFF.pk	T.CCJ		CCJ.wt	8-Feb-11		$5.60	1	3.52	3.87	-$1.73