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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
M A C C's Sustainable	T.MYT.UN	55266Q 12 1		T.MYT.UN		MYT.wt.a	13-Dec-07		$8.00	1	84.2	8.42	0.42	47.6	0.1	$1.12	Bargain
Focusted Global Trends Fund	T.FTF	34416R 11 5		T.FTF.UN		FTF.wt	30-Jul-10		$10.25	1	39.35	9.05	-1.20	35.6	0.23	$2.25	Bargain
Canadian Income Mgmt Tr	T.CNM	13607T 11 4		T.CNM-UN		CNM.wt	28-Feb-12		$2.60	1	7.25	0.29	-2.31	193.7	0.04	$0.26	Bargain
Palmarejo Silver & Gold	V.PJO	69672B 11 5	PJOFF.pk	V.PJO		PJO.wt	19-Oct-07		$12.50	1	924	9.24	-3.26	54.3	0.01	$0.06	Bargain
Focusted Global Trends Fund	T.FTF	34416R 11 5		T.FTF.UN		FTF.wt	30-Jan-09		$10.25	1	39.35	9.05	-1.20	35.6	0.23	$1.35	Bargain
Urbana	T.URB	91707P 12 5		T.URB		URB.wt.a	12-Jul-09		$3.75	1	10.43	3.65	-0.10	97.4	0.35	$1.87	Bargain
Pinetree Capital	T.PNP	723330 12 2	PNPFF.PK	T.PNP		PNP.wt	16-Apr-12		$15.00	1	5.51	4.08	-10.92	181.6	0.74	$3.74	Bargain
Ascendant Copper Corp	T.ACX	043503 11 9	ASCPF.pk	T.ACX		ACX.wt	21-Nov-10		$2.50	1	8.33	0.25	-2.25	145.9	0.03	$0.14	Bargain
Copernican British Banks Fund	T.CBB	21727V 11 7		T.CBB-UN		CBB.wt	14-Jun-10		$10.00	1	26.49	9.8	-0.20	17	0.37	$1.69	Bargain
Southern Era Diamonds	T.SDM	84415N 11 0	SDMFF.pk	T.SDM	SDMWF.pk	SDM.wt	17-Nov-08		$2.00	1	24.5	0.49	-1.51	120.9	0.02	$0.09	Bargain
New Gold Inc.	T.NGD	644535 11 4	NGD	T.NGD		NGD.wt	29-Feb-08		$12.00	1	37.31	5.97	-6.03	111.5	0.16	$0.69	Bargain
Medical Intelligence Tech	V.MIZ	58458F 13 5		V.MIZ		MIZ.wt.a	20-Oct-08		$0.85	1	6.92	0.45	-0.40	196.3	0.065	$0.28	Bargain
Acuity Small Cap	T.ASF	00509R 10 6		T.ASF-UN		ASF.wt	15-Jan-10		$12.00	1	18.33	9.9	-2.10	42.8	0.54	$2.31	Bargain
Urbana	T.URB	91707P 11 7		T.URB		URB.wt	11-Jan-09		$3.75	1	9.61	3.65	-0.10	97.4	0.38	$1.62	Bargain
Fortune Minerals	T.FT	34967D 13 5	FTMDF.PK	T.FT		FT.wt	26-Jul-09		$3.75	1	9.3	2.79	-0.96	89	0.3	$1.14	Bargain
Lateegra	V.LRG	59318A 11 8	LRGFF.PK	V.LRG		LRG.wt	1-Dec-08		$1.50	1	5.6	0.28	-1.22	228.3	0.05	$0.17	Bargain
International Nickel	T.INV	465790 11 1		T.INV		INV.wt	18-Nov-08		$2.25	1	13.13	1.05	-1.20	106.9	0.08	$0.27	Bargain
New Gold Inc.	T.NGD	644535 12 2	NGD	T.NGD		NGD.wt.a	28-Jun-17		$15.00	1	3.51	5.97	-9.03	111.5	1.7	$5.39	Bargain
I C S Copper Systems Ltd	V.ICX	449664 11 9		V.ICX		ICX.wt	4-May-09		$1.30	1	4.05	0.85	-0.45	189.3	0.21	$0.63	Bargain
Dynamite Resources	V.DNR	26806Q 11 1		V.DNR		DNR.wt	17-Aug-09		$1.00	1	12.57	0.44	-0.56	137.1	0.035	$0.10	Bargain
Gold Point Energy Corp	V.GPE	380956 17 7		V.GPE		GPE.wt	29-Dec-08		$0.50	1	7.14	0.25	-0.25	124.6	0.035	$0.10	Bargain
Redcorp Ventures	T.RDV	757268 16 4		T.RDV		RDV.wt	10-Jul-09		$0.65	1	5.9	0.295	-0.36	124.6	0.05	$0.14	Bargain
Stingray Resources	T.SRY	860838 11 9	SGYRF.PK	T.SRY		SRY.wt	24-Apr-09		$1.80	1	7.08	0.85	-0.95	111.6	0.12	$0.32	Bargain
Iamgold	T.IMG	459875 11 8	IAG	T.IMG		IMG.wt	12-Aug-08		$3.75	2.381	4.47	7.03	3.28	56	0.66	$1.51	Bargain
Glencairn Gold Corp	T.GGG	379462 11 2	GLE	T.GGG	GLECW.pk	GGG.wt	26-Nov-08		$1.25	1	3.89	0.175	-1.08	223.3	0.045	$0.10	Bargain
Mega Uranium	T.MGA	58516W 11 2		T.MGA		MGA.wt	12-Feb-12		$6.15	1	2.42	3.6	-2.55	167.2	1.49	$3.27	Bargain
Mega Uranium	T.MGA	58516W 12 0		T.MGA		MGA.wt.a	6-Jun-12		$7.00	1	2.4	3.6	-3.40	167.2	1.5	$3.29	Bargain
Rye Patch Gold	V.RPM	783727 11 8		V.RPM		RPM.wt	19-Jul-09		$0.75	1	4.5	0.45	-0.30	111.2	0.1	$0.21	Bargain
Sentry Select Primary Metals	T.PME	81733D 11 3		T.PME		PME.wt	30-Jun-09		$12.00	1	14.8	7.4	-4.60	49.8	0.5	$1.04	Bargain
Geovic Mining Corp	V.GMC	377903 14 1	GVCM.pk	V.GMC		GMC.wt.b	27-Apr-12		$5.00	1	5.21	2.45	-2.55	63.7	0.47	$0.96	Bargain
Blue Sky Uranium	V.BSK	096049 11 9		V.BSK		BSK.wt	23-Mar-09		$1.30	1	3.03	0.5	-0.80	193.4	0.165	$0.33	Bargain
Khan Resources	T.KRI	496902 13 1	KHRIF.pk	T.KRI		KRI.wt	3-Aug-08		$1.90	1	2.52	1.74	-0.16	265.2	0.69	$1.38	Bargain
Mesa Uranium Corp	V.MZU	59066W 11 4	MSAUF.pk	V.MZU		MZU.wt	21-Dec-07		$0.75	1	9.4	0.47	-0.28	158.9	0.05	$0.10	Bargain
Skye Resources	T.SKR	83081N 11 5	SKRZF.pk	T.SKR		SKR.wt	13-Mar-08		$12.36	1	6.86	12.35	-0.01	98.9	1.8	$3.60	Bargain
Ivory Energy	V.IV	46589L 11 3		V.IV		IV.wt	18-Jul-12		$1.00	1	2.54	0.89	-0.11	102.7	0.35	$0.68	Bargain
Coalcorp Mining	T.CCJ	190135 13 7	CCJFF.pk	T.CCJ		CCJ.wt.A	17-Aug-11		$8.40	1	9.15	3.75	-4.65	49.3	0.41	$0.75	Bargain
Global Uranium	T.GUR	380680 11 6		T.GUR		GUR.wt	30-Jun-10		$10.25	1	7.97	6.85	-3.40	48	0.86	$1.57	Bargain
Baffinland Iron Mns Corp	T.BIM	056620 11 5		T.BIM		BIM.wt	31-Jan-12		$5.50	1	3.45	3.45	-2.05	76.2	1	$1.81	Bargain
European Minerals Corp	T.EPM	G3192Y 14 2	EPMCF.PK.	T.EPM	EPMJF.pk	EPM.wt.b	21-Mar-11		$1.55	1	2.83	1.3	-0.25	94.5	0.46	$0.82	Bargain
Sprott Molybdenum Part. Corp.	T.MLY	852067 11 5		T.MLY		MLY.wt	16-Apr-09		$7.50	1	5.84	4.32	-3.18	86.5	0.74	$1.26	Bargain
Kinross	T.K	51818R 11 3	KGC	T.K		K.wt.b	7-Sep-11		$10.00	2.24871	3.02	12.92	2.92	49.4	1.9	$3.02	Bargain
Mines Management	T.MGT	603432 11 3		T.MGT		MGT.wt.U	20-Apr-12	$5.75	$6.07	1	2.66	3.09	-2.98	88	1.16	$1.78	Bargain
Bordeaux Energy	V.BDO	099535 11 4	BDOXF.pk	V.BDO		BDO.wt	6-Aug-08		$0.90	1	2.35	0.54	-0.36	219.8	0.23	$0.35	Bargain
Metrobridge Networks	V.MEB	59165A 11 2		V.MEB		MEB.wt	26-Jul-09		$0.65	1	3.42	0.41	-0.24	104.8	0.12	$0.18	Bargain
Energentia Resources	V.ENR	29268P 11 8		V.ENR		ENR.wt	14-Feb-09		$0.75	1	4.88	0.195	-0.56	131.4	0.04	$0.06	Bargain
European Minerals Corp	T.EPM	G3192Y 11 8	EPMCF.PK.	T.EPM		EPM.wt	23-Dec-08	$1.20	$1.27	1	3.25	1.3	0.03	94.5	0.4	$0.57	Undervalued
Markland AGF Precious Metals	T.MPM			T.MPM.UN		MPM.wt	10-Jul-10		$10.25	1	5	10	-0.25	34.2	2	$2.74	Undervalued
European Minerals Corp	T.EPM	G3192Y 12 6	EPMCF.PK.	T.EPM	EPMWF.pk	EPM.wt.a	11-Apr-10		$1.20	1	2.28	1.3	0.10	94.5	0.57	$0.78	Undervalued
Metallica Resources	T.MR	59125J 12 0	MRB	T.MR	MRBWF.pk	MR.wt	11-Dec-08		$3.10	1	2.82	4.31	1.21	81.2	1.53	$2.08	Undervalued
Mercator Minerals Ltd	T.ML	587582 11 5		T.ML		ML.wt	16-Feb-12		$4.00	1	1.71	6.25	2.25	95.8	3.65	$4.90	Undervalued
Erdene Gold	T.ERD	29480Q 11 8	ERDGF.pk	T.ERD		ERD.wt	15-Jun-09		$1.60	1	2.39	1.22	-0.38	124.5	0.51	$0.68	Undervalued
Visible Gold Mines	V.VGD	92834E 11 6		V.VGD		VGD.wt	17-Jul-09		$0.50	1	4.33	0.26	-0.24	87.5	0.06	$0.08	Undervalued
Denison Mines  (1)	T.DML	248356 12 3	DMLCF.pk	T.DML		DML.wt.A	1-Mar-11		$30.00	1	2.44	26.35	-3.65	77.4	10.79	$14.24	Undervalued
Peak Gold	V.PIK	70468J 11 4		V.PIK		PIK.wt	3-Apr-12		$1.50	1	2.63	0.5	-1.00	90.1	0.19	$0.25	Undervalued
Kinross	T.K	496902 16 4	KGC	T.K		K.wt.a	22-Oct-07		$1.90	2.24871	1.52	12.92	11.02	49.4	3.77	$4.91	Undervalued
Olympus Pacific Minerals Inc	T.OYM	68162Q 11 1	OLYMF.PK	T.OYM		OYM.wt	31-Jul-09		$0.90	1	3	0.6	-0.30	100.8	0.2	$0.26	Undervalued
Thompson Creek Metals	T.TCM	884768 11 0	BLEFF.pk	T.TCM		TCM.wt	27-Oct-11		$9.00	1	1.67	17.79	8.79	84	10.64	$13.58	Undervalued
Denison Mines  (1)	T.DML	248356 11 5	DMLCF.pk	T.DML		DML.wt	24-Nov-09		$15.00	1	2.03	26.35	11.35	77.4	13	$16.37	Undervalued
Northern Orion Resources	T.NNO	665575 12 2	NTO	T.NNO	NTOWF.pk	NNO.wt.a	17-Feb-10		$6.00	1	4.63	5.05	-0.95	47.1	1.09	$1.37	Undervalued
Terrane Metals	T.TRX	88103A 11 6		V.TRX		TRX.wt	21-Jun-12		$0.85	1	2.22	0.41	-0.44	86.2	0.185	$0.23	Undervalued
Katanga Mining	T.KAT	49373T 12 8	KATFF.pk	T.KAT		KAT.wt	20-Nov-11		$8.50	1	1.75	20.3	11.80	57.2	11.59	$14.34	Undervalued
Eastern Platinum Limited	T.ELR	276855 11 1	ELRFF.pk	T.ELR		ELR.wt	25-Apr-08		$2.00	1	4.58	2.29	0.29	61.2	0.5	$0.61	Undervalued
Yamana Gold	T.YRI	98462Y 14 2	AUY	T.YRI	AUYWF.pk	YRI.wt.A	20-Nov-08		$2.50	1.666667	1.52	11.69	9.19	45.9	4.6	$5.60	Undervalued
Eastern Platinum Limited	T.ELR	276855 12 9	ELRFF.pk	T.ELR		ELR.wt.A	28-Mar-09		$1.80	1	2.94	2.29	0.49	61.2	0.78	$0.95	Undervalued
Salazar Resources	V.SRL	794007 11 2		V.SRL		SRL.wt	19-Mar-09		$1.50	1	1.97	2.38	0.88	103	1.21	$1.46	Undervalued
Ascendant Copper Corp	T.ACX	043503 12 7	ASCPF.pk	T.ACX		ACX.wt.a	22-Jun-09		$0.65	1	2.27	0.25	-0.40	145.9	0.11	$0.13	Undervalued
Kinross	T.K	496902 15 6	KGC	T.K	KRSGF.pk	K.wt	5-Dec-07		$15.00	3	22.67	12.92	-2.08	49.4	0.19	$0.22	Undervalued
Geovic Mining Corp	V.GMC	373686 12 0	GVCM.pk	V.GMC	GVCMW.pk	GMC.wt	3-Nov-11		$2.75	1	2.27	2.45	-0.30	63.7	1.08	$1.25	Undervalued
First Majestic Silver Corp	V.FR	32076V 11 1	FRMSF.PK	V.FR		FR.wt	10-Nov-08		$6.50	1	12.52	3.38	-3.12	61.5	0.27	$0.31	Undervalued
Equinox Minerals	T.EQN	29445L 11 3		T.EQN		EQN.wt	6-May-08		$2.30	1	2.57	3.52	1.22	80.5	1.37	$1.56	Undervalued
Silver Wheaton	T.SLW	828336 12 3	SLW	T.SLW	SLWAF.pk	SLW.wt.a	30-Nov-09		$5.50	5	1.73	12.01	6.51	63.2	1.39	$1.54	Undervalued
Stelco Inc	T.STE	858525 14 0	SECNF.pk	T.STE	SECWF.pk	STE.wt	31-Mar-13		$11.00	1	1.42	37.65	26.65	16.1	26.48	$29.33	Undervalued
Silver Wheaton	T.SLW	828336 13 1	SLW	T.SLW	SLWBF.pk	SLW.wt.b	22-Dec-10		$10.00	1	2.07	12.01	2.01	63.2	5.81	$6.39	Fair Value
Uranium Participation	T.U	917017 12 1	URPTF.pk	T.U	URPZF.pk	U.wt.a	15-Sep-08		$12.00	1	4.7	10.1	-1.90	69.3	2.15	$2.36	Fair Value
Grande Cache Coal Corp	T.GCE	38655X 11 3		T.GCE		GCE.wt	11-Aug-08		$1.60	1	4.67	0.98	-0.62	96.6	0.21	$0.23	Fair Value
First Capital Realty	T.FCR	35168Q 11 4	FCRGF.pk	T.FCR		FCR.wt	31-Aug-08		$11.80	1	1.91	25.99	14.19	15.6	13.6	$14.77	Fair Value
Great Basin	T.GBG	45107L 11 8	GBN	T.GBG		GBG.wt	17-Apr-09		$3.50	1	3.59	2.3	-1.20	81.6	0.64	$0.69	Fair Value
Breakwater Resources	T.BWR	106902 15 8	BWLRF.ob	T.BWR	BWLWF.pk	BWR.wt	28-Jan-09		$1.00	1	1.51	2.77	1.77	74.9	1.83	$1.91	Fair Value
Silver Wheaton	T.SLW	828336 11 5	SLW	T.SLW	SLWWF.pk	SLW.wt	5-Aug-09		$4.00	5	1.46	12.01	8.01	63.2	1.65	$1.72	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	2.25	0.63	-0.02	79.7	0.28	$0.29	Fair Value
S M T C Mfg Corp of Can	T.SMX	78458Q 12 1	SMTX	T.SMX		SMX.wt	4-Mar-09		$9.25	5	11.56	2.6	-6.65	79.6	0.045	$0.05	Fair Value
Pan American Silver	T.PAA	697900 12 4	PAAS	T.PAA	PAAWF.pk	PAA.wt	20-Feb-08		$12.00	1	1.82	26.4	14.40	66.1	14.5	$14.80	Fair Value
Agnico Eagle	T.AEM	008474 13 2	AEM	T.AEM	AEMLW	AEM.wt.u	14-Nov-07	$19.00	$20.05	1	1.74	47.22	27.17	50	27.07	$27.38	Fair Value
Geovic Mining Corp	V.GMC	U37397 11 1	GVCM.pk	V.GMC		GMC.wt.a	6-Mar-12		$3.00	1	1.96	2.45	-0.55	63.7	1.25	$1.25	Fair Value
NovaGold Resources	T.NG	66987E 11 5	NG	T.NG	NGRWF.pk	NG.wt	1-Oct-08		$7.00	1	1.78	14.92	7.92	44.6	8.37	$8.37	Fair Value
Northern Orion Resources	T.NNO	665575 11 4	NTO	T.NNO	NTWWF.pk	NNO.wt	29-May-08		$2.00	1	1.61	5.05	3.05	47.1	3.14	$3.13	Fair Value
NovaGold Resources	T.NG	66987E 13 1	NG	T.NG		NG.wt.A	7-Jan-08		$12.10	1	4.32	14.92	2.82	44.6	3.45	$3.42	Fair Value
Baja Mining Corp	T.BAJ	05709R 11 1	BAJFF.pk	T.BAJ		BAJ.wt	13-Apr-09		$1.15	1	2.02	1.9	0.75	50.2	0.94	$0.92	Fair Value
Neo Material Tchnlgys Inc	T.NEM	64045Y 11 6	NEMFF.pk	T.NEM		NEM.wt	31-Aug-08		$2.50	1	2.09	4.45	1.95	15.5	2.13	$2.07	Fair Value
Coalcorp Mining	T.CCJ	190135 11 1	CCJFF.pk	T.CCJ		CCJ.wt	8-Feb-11		$5.60	1	3.41	3.75	-1.85	49.3	1.1	$1.05	Fair Value
Goldcorp	T.G	390124 11 3	GG	T.G	GG.wt	G.wt.G	9-Jun-11		$30.75	1	2.7	24.93	-5.82	46.5	9.25	$8.60	Fair Value
U S Gold	T.UXG	912023 11 6	UXG	T.UXG		UXG.wt	22-Feb-11	$10.00	$10.55	1	3.18	6.36	-4.19	53.8	2	$1.83	Fair Value
Avnel Gold Mining	T.AVK	G0683R 12 3		T.AVK		AVK.wt	30-Jun-10		$1.06	1	3.5	0.7	-0.36	52	0.2	$0.18	Fair Value
Australian Solomons Gold	T.SGA	Q8271C 11 8		T.SGA		SGA.wt	28-Aug-08		$1.71	1	4.4	1.32	-0.39	67.3	0.3	$0.25	Overvalued
Bankers Petroleum	T.BNK	066286 12 1		T.BNK		BNK.wt.A	1-Mar-12		$0.90	1	2.22	0.4	-0.50	64.7	0.18	$0.15	Overvalued
TSO3 Inc	T.TOS	873015 13 5		T.TOS		TOS.wt	9-Mar-09		$3.00	1	4.3	2.15	-0.85	57.3	0.5	$0.41	Overvalued
Strait Gold Corp	V.SRD	86258R 11 6		V.SRD		SRD.wt	25-Apr-08		$0.30	1	3.75	0.3	0.00	58.5	0.08	$0.06	Overvalued
Endeavour Mining Cap	T.EDV	G3040R 12 5