Canadian Stock Warrant Values 2008

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Valuing Warrants	Companies with	Market Cap	Canadian	Expiration		Canadian	the money	Canadian		Canadian		Canadian	Historic	Canadian		Fair
	Trading Warrants		Warrant	Date		Warrant	(Intrinsic	Warrant	Leverage	Warrant	Warrant	Warrant	Volatility	Warrant	Warrant	Market	Comments
			Symbol			Symbol	Value)	Symbol		Symbol	Price	Symbol	Annualized	Symbol	Price	Value
Expiration Date	Aberdeen International Inc	28,478,540.44	CALS.W	30-Apr-08	?	SLW.WT	6.02	HBM.WT	1205	LS.WT	0.005	PIE.WT	370.6%	PIE.WT	0.005	$0.19	Bargain
The last day the warrants	Global Agribusiness Trust	24,240,000.00	U.WT.A	1-Oct-08		YRI.WT.A	5.81	PME.WT	370	PIE.WT	0.005	MEB.WT	303.6%	ASF.WT	0.015	$0.55	Bargain
can be exercised. If	Atlas Minerals	1,754,162.16	NG.WT	2-Oct-08		SLW.WT.A	4.52	ASF.WT	274.67	VGD.WT	0.005	RNZ.WT.B	281.7%	CBB.WT	0.02	$0.66	Bargain
warrants aren't being	Ainsworth Lumber	180,976,138.00	EOS.WT	20-Oct-08		TCM.WT	4.01	CBB.WT	182.5	DNR.WT	0.005	RNZ.WT.A	281.7%	FIT.WT	0.05	$1.18	Bargain
exercised then they	Acuity Small Cap	17,304,000.00	MIZ.WT.A	25-Oct-08		NGD.WT.D	2.37	FTF.WT	150	BSK.WT	0.005	ICX.WT	280.6%	GRE.WT	0.07	$1.53	Bargain
must be sold the day	Avnel Gold Mining	10,078,369.56	NSU.WT.A	26-Oct-08		ML.WT	2.18	FTF.WT	150	PDE.WT	0.005	AVK.WT	272.8%	CBK.WT.A	0.18	$3.69	Bargain
before the expiry date.	Banro Corp	130,251,833.14	SVM.WT	10-Nov-08		ANS.WT	2	SVM.WT	148	SRY.WT	0.005	CUX.WT.A	257.2%	CBK.WT	0.15	$2.70	Bargain
The longer the time to	Baja Mining Corp	108,728,896.12	EDV.WT	10-Nov-08		WTN.WT	1.93	FIT.WT	114	AMR.WT.A	0.005	CUX.WT	257.2%	GBP.WT	0.08	$1.42	Bargain
expiry the more	Bear Creek Mining	113,686,897.15	FR.WT	17-Nov-08		BNK.WT.A	0.67	CSM.WT	110	SRL.WT.A	0.005	MGT.WT.U	248.5%	GFT.WT	0.08	$1.36	Bargain
valuable the warrants.	Baffinland Iron Mns Corp	171,679,481.48	GXR.WT	18-Nov-08		EOS.WT	0.65	GRE.WT	101.43	GPE.WT	0.005	MIZ.WT.A	248.5%	DPF.WT	0.07	$0.80	Bargain
	Bioniche Life Sciences Inc	29,713,851.90	INV.WT	20-Nov-08		BNK.WT	0.55	NSU.WT.A	94	MVG.WT	0.005	GXR.WT	229.3%	ICX.WT	0.01	$0.11	Bargain
Leverage	Bankers Petroleum	573,367,058.40	YRI.WT.A	26-Nov-08		EDV.WT	0.5	MLY.WT	85.33	AMR.WT	0.005	ANS.WT	225.6%	FIT.WT.A	0.2	$2.21	Bargain
The leverage of a warrant	Blue Sky Uranium	2,035,330.00	CSM.WT	1-Dec-08		GD.WT	0.42	ECG.WT	83.2	MIZ.WT.A	0.005	YRI.WT.C	222.8%	LIR.WT	0.1	$0.99	Bargain
is a measure of how much	Breakwater Resources	116,091,951.04	LRG.WT	11-Dec-08		OGE.WT	0.3	URB.WT	82.5	CSM.WT	0.005	DAV.WT	217.2%	URB.WT	0.02	$0.19	Bargain
you can increase your	Calstar Oil & Gas Ltd	9,316,299.09	NGD.WT.D	23-Dec-08		BAA.WT	0.22	MVG.WT	82	ECG.WT	0.005	GPE.WT	212.4%	YNG.WT	0.015	$0.12	Bargain
exposure to a share if	Copernican British Banks Fund	80,300,000.00	OSU-WT	29-Dec-08		NG.WT	0.13	SRY.WT	78	ICX.WT	0.01	BSK.WT	207.7%	HBM.WT	0.01	$0.08	Bargain
you bought warrants	Coalcorp Mining	245,670,009.58	RNZ.WT.A	29-Dec-08		SLW.WT.B	0.02	CPM.WT	74.29	HBM.WT	0.01	RDV.WT	207.3%	VGD.WT	0.005	$0.04	Bargain
instead of making a	Caspian Energy	25,564,099.26	GPE.WT	11-Jan-09		CSI.WT	0	SRL.WT.A	70	RPM.WT	0.01	TMB.WT	207.0%	HAY.WT	0.1	$0.74	Bargain
direct investment. It is	Challenger Energy Corp	131,848,969.29	URB.WT	14-Jan-09		MDN.WT	-0.01	DPF.WT	66.43	PME.WT	0.01	RPM.WT	206.6%	GBP.WT.A	0.3	$2.16	Bargain
calculated dividing the	Chesapeake Gold	125,255,547.10	MDN.WT	26-Jan-09		CALS.W	-0.04	GBP.WT	66.25	RDV.WT	0.01	HRG.WT	200.2%	CNM.WT	0.065	$0.46	Bargain
current share price by	C M P Gold Trust	23,783,425.00	HBM.WT	28-Jan-09		TRT.WT	-0.11	GFT.WT	65.88	CUX.WT.A	0.01	YNG.WT	199.5%	FTF.WT	0.04	$0.28	Bargain
the current price of the	Creston Moly	38,725,807.04	BWR.WT	30-Jan-09		RNZ.WT.A	-0.16	EPD.WT	62.5	IMR.WT.A	0.01	ZAZ.WT	198.0%	FGX.WT	0.5	$3.52	Bargain
warrant.	Canadian Income Mgmt Tr	2,794,999.56	FTF.WT	14-Feb-09		CEK.WT	-0.24	HAY.WT	56.5	LRG.WT	0.01	WTN.WT	195.8%	EPD.WT	0.1	$0.67	Bargain
	Coxe Commodity Strategy Fund	238625000	FXI.WT	20-Feb-09		AMR.WT.A	-0.3	URB.WT.A	47.14	NSU.WT.A	0.01	OCO.WT	189.9%	RNZ.WT.B	0.05	$0.32	Bargain
Intrinsic Value	Copernican Int'l Premium Dividend Fund	36322000	ECG.WT	4-Mar-09		PRE.WT	-0.34	PIE.WT	44	ASF.WT	0.015	GBG.WT	187.6%	CRP.WT	0.22	$1.39	Bargain
The difference between	Ceres Global Ag Corp	75,427,443.00	SMX.WT	9-Mar-09		VGD.WT	-0.35	CCJ.WT.A	40.57	YNG.WT	0.015	LS.WT	185.7%	RPM.WT	0.01	$0.06	Bargain
the exercise price and	Colossus Minerals	84,558,776.00	TOS.WT	13-Mar-09		LS.WT	-0.38	CPM.WT.A	34.67	DAV.WT	0.015	CBK.WT.A	185.1%	GBG.WT	0.19	$1.09	Bargain
the actual trading price	Central Sun Mining	33,722,693.95	BNC.WT	17-Mar-09		BAJ.WT	-0.39	NG.WT	32.41	EF.WT	0.015	CBK.WT	185.1%	OSK.WT	0.25	$1.39	Bargain
of the common stock.	Copper Mountain	22,502,417.88	MVG.WT	19-Mar-09		PRP.WT	-0.42	CBK.WT	31.67	SMX.WT	0.015	FXI.WT	178.8%	FGX.WT	0.5	$2.74	Bargain
Once the common has	Copper Mesa Mining	7,187,120.92	SRL.WT	23-Mar-09		PDE.WT	-0.44	IMR.WT.A	30.5	BWR.WT	0.015	BAA.WT	178.2%	NGD.WT.A	1	$5.47	Bargain
gone over the exercise	Crosshair Exploration & Mining Corp	22,707,798.00	BSK.WT	23-Mar-09		GPE.WT	-0.44	VGD.WT	30	OYM.WT	0.015	PDE.WT	178.0%	URB.WT.A	0.035	$0.19	Bargain
price the warrants are	Davie Yards	9,971,696.00	PDE.WT	28-Mar-09		MTO.WT	-0.48	FR.WT	28.89	CBB.WT	0.02	CNM.WT	176.9%	COX.WT	0.68	$3.54	Bargain
said to be 'in the money'.	Dioro Exploration	36,632,164.00	ELR.WT.A	12-Apr-09		HDG.WT	-0.52	FIT.WT.A	28.5	URB.WT	0.02	SMX.WT	174.5%	TMB.WT	0.5	$2.57	Bargain
	Denison Mines	794,273,296.30	SWY.WT	16-Apr-09		RDV.WT	-0.54	CCJ.WT	28.4	CUX.WT	0.02	OSU-WT.A	173.7%	NGD.WT.B	0.08	$0.41	Bargain
Volatility	Dynamite Resources	13,624,200.00	MLY.WT	17-Apr-09		TRX.WT	-0.55	CRP.WT	26.59	SRL.WT	0.02	OSU-WT.B	173.7%	TCP.WT	0.51	$2.52	Bargain
The higher the volatility	DPF India Opportunities Fund	114,868,950.00	GBG.WT	19-Apr-09		VSKY.WT	-0.55	CBK.WT.A	26.39	OSU-WT	0.02	OSU-WT	173.7%	MGA.WT.A	0.2	$0.93	Bargain
rating the higher the price	Dundee Precious Metals	291,327,328.60	BAJ.WT	24-Apr-09		CUX.WT.A	-0.58	ICX.WT	24	IMR.WT	0.025	OSK.WT	159.6%	MCG.WT	0.1	$0.42	Bargain
of the warrant will be.	Envoy Communs Group Inc	20,841,735.20	SRY.WT	29-Apr-09		RPM.WT	-0.59	LIR.WT	24	MLY.WT	0.03	MCG.WT	159.4%	PME.WT	0.01	$0.04	Bargain
A measure of actual	Endeavour Mining Cap	203,131,248.00	FIT.WT	4-May-09		CMS.WT	-0.59	DNR.WT	24	TRT.WT	0.03	DIO.WT	159.2%	RDV.WT	0.01	$0.04	Bargain
stock price changes over	Etruscan Resources	85,066,214.10	ICX.WT	29-May-09		CBK.WT	-0.6	EF.WT	23.33	CXX.WT	0.03	VGD.WT	158.1%	OGE.WT	0.6	$2.18	Bargain
a specific period of time.	EarthFirst	36,156,336.30	CPM.WT	31-May-09		MEB.WT	-0.62	BSK.WT	22	URB.WT.A	0.035	MGA.WT.A	157.1%	MLY.WT	0.03	$0.11	Bargain
Historical volatility is	Eastern Platinum Limited	714,174,924.75	SRL.WT.A	15-Jun-09		GBP.WT	-0.65	OGE.WT	20.5	CCJ.WT.A	0.035	MGA.WT	157.1%	DML.WT.A	1.7	$5.95	Bargain
calculated by using the	Enervest Energy and Oil Sands	33,334,087.05	ERD.WT	22-Jun-09		GXR.WT	-0.66	AGB.WT	20.2	HDG.WT	0.035	TRT.WT	156.7%	RNZ.WT.A	0.06	$0.21	Bargain
standard deviation of an	European Premium Dividend	1,940,315.00	CUX.WT.A	30-Jun-09		CBK.WT.A	-0.7	MIZ.WT.A	20	FTF.WT	0.04	MVG.WT	156.4%	FXI.WT	0.1	$0.34	Bargain
underlying stock price.	Erdene Gold	1,884,556,122.24	CBK.WT	30-Jun-09		AAB.WT	-0.72	BCM.WT.A	19.52	FTF.WT	0.04	DNR.WT	153.9%	K.WT.C	3.5	$11.73	Bargain
	Fortress Energy Inc	25,939,476.48	PME.WT	30-Jun-09		OCO.WT	-0.73	SMX.WT	19.07	SWY.WT	0.04	CSI.WT	151.6%	CCJ.WT.A	0.035	$0.11	Bargain
In the Money	Faircourt Gold Income	16,422,000.00	CUM.WT	10-Jul-09		GBP.WT.A	-0.75	GBP.WT.A	17.67	CALS.W	0.04	SVM.WT	147.4%	CCJ.WT.B	0.2	$0.65	Bargain
When the price of the	Int'l Fin. Income and Growth Trust	9,965,059.20	RDV.WT	12-Jul-09		ELR.WT.A	-0.75	GUR.WT	17.67	INV.WT	0.045	PNP.WT.A	145.3%	FRE.WT	0.355	$1.13	Bargain
common is higher than	Franco-Nevada	2,022,048,000.00	URB.WT.A	17-Jul-09		BWR.WT	-0.75	SRL.WT	17.5	FIT.WT	0.05	PNP.WT	145.3%	GUR.WT	0.15	$0.47	Bargain
the exercise price	First Majestic Silver Corp	191,834,266.00	VGD.WT	19-Jul-09		MIZ.WT.A	-0.75	EOS.WT	17	RNZ.WT.B	0.05	ELR.WT.A	144.9%	AGB.WT	0.3	$0.92	Bargain
	Front Street Resource Perf. Fund	90,080,362.40	RPM.WT	26-Jul-09		OYM.WT	-0.77	BWR.WT	17	CCJ.WT	0.05	LIR.WT	141.5%	CMP.WT.A	0.4	$1.20	Bargain
At the Money	Fortune Minerals	58,880,123.05	FT.WT	26-Jul-09		IV.WT	-0.8	TCP.WT	16.73	YRI.WT.C	0.05	INV.WT	141.5%	EET.WT.A	0.15	$0.44	Bargain
When the price of the	Focused Global Trends Fund	28,377,792.00	MEB.WT	31-Jul-09		DNR.WT	-0.88	RPM.WT	16.5	GXR.WT	0.05	PHC.WT	140.3%	PNP.WT.A	0.3	$0.88	Bargain
underlying is equivalent	Fralex Therapeutics Inc	34,785,955.05	GBP.WT	31-Jul-09		P.WT	-0.88	FXI.WT	16.5	CMS.WT	0.055	IV.WT	139.3%	DNR.WT	0.005	$0.01	Bargain
or close to the strike price.	Goldcorp	24,580,527,294.00	OYM.WT	1-Aug-09		OSU-WT.A	-0.91	FRE.WT	15.77	RNZ.WT.A	0.06	ML.WT	137.8%	WTN.WT	1.7	$4.97	Bargain
	Great Basin	523,898,890.90	BCM.WT	5-Aug-09		AVK.WT	-0.92	OCF.WT	15.58	AAB.WT	0.06	TRX.WT	137.1%	AAB.WT	0.06	$0.17	Bargain
Exercise ratio	Global Banks Premium Income Trust	24,209,536.10	SLW.WT	17-Aug-09		AMR.WT	-0.94	MPM.WT	14.67	GMC.WT.B	0.06	GP.WT	137.0%	OCF.WT	0.455	$1.29	Bargain
The number of warrants	Distinction Group	76,673,444.40	DNR.WT	12-Sep-09		ERD.WT	-0.95	OSU-WT	14.5	AVK.WT	0.06	NGD.WT.A	134.7%	CCJ.WT	0.05	$0.14	Bargain
related to one share and	Connor Clark & Lunn Global Financials Fund II	80,835,908.14	OCO.WT	14-Sep-09		BNC.WT	-0.95	FGX.WT	14	OCO.WT	0.06	NGD.WT.B	134.7%	CUX.WT.A	0.01	$0.03	Bargain
specifies the amount of	Geovic Mining Corp	65,857,719.04	IMR.WT	15-Sep-09		OSU-WT	-0.97	FGX.WT	14	CNM.WT	0.065	NGD.WT.C	134.7%	NG.WT	0.22	$0.60	Bargain
underlying that the owner	Golden Predator	89,393,583.20	BCM.WT.A	18-Sep-09		FEI.WT	-1.04	BCM.WT	13.67	GRE.WT	0.07	NGD.WT.D	134.7%	HRG.WT	0.08	$0.22	Bargain
of a single warrant is	Gold Point Energy Corp	2,691,861.90	PIE.WT	26-Sep-09		GBG.WT	-1.05	CMP.WT.A	13.38	DPF.WT	0.07	EET.WT.A	134.1%	CPM.WT.A	0.15	$0.40	Bargain
entitled to buy.	Sentry Select Global Real Estate	22,339,440.00	RNZ.WT.B	30-Sep-09		ICX.WT	-1.06	PDE.WT	13	OSU-WT.A	0.07	EET.WT	134.1%	CUX.WT	0.02	$0.05	Bargain
	Global Uranium	25,981,660.00	GD.WT	5-Oct-09		YRI.WT.C	-1.07	GBG.WT	12.89	CPM.WT	0.07	BWR.WT	132.8%	QUA.WT	3.1	$7.84	Bargain
Time Value	Georox Resources Inc.	1,023,451.80	CXX.WT	17-Oct-09		CCJ.WT.B	-1.08	OSK.WT	12.76	PRP.WT	0.07	PDL.WT	131.4%	BCM.WT.A	0.105	$0.26	Bargain
The time value is the	Stone Agribusiness	24,363,427.15	HDG.WT	30-Oct-09		PIE.WT	-1.13	COX.WT	12.21	SVM.WT	0.075	CSM.WT	130.6%	EET.WT	0.11	$0.26	Bargain
difference between the	Hudbay	460,658,748.69	FGX.WT	30-Oct-09		EET.WT.A	-1.15	IMR.WT	12.2	GBP.WT	0.08	MTO.WT	128.7%	IMR.WT.A	0.01	$0.02	Bargain
current warrant price	High Desert Gold Corp	5,265,000.00	DIO.WT	31-Oct-09		SRL.WT	-1.15	AMR.WT.A	12	GFT.WT	0.08	CXX.WT	127.2%	BAA.WT	1	$2.25	Bargain
and its intrinsic value.	High River Gold Mines	107,766,805.30	GRE.WT	2-Nov-09		IE.WT	-1.18	GPE.WT	12	NGD.WT.B	0.08	ERD.WT	125.2%	DML.WT	2.4	$5.25	Bargain
The time value is to be	I C S Copper Systems Ltd	7,131,328.56	PRP.WT	9-Nov-09		BSK.WT	-1.19	AMR.WT	12	HRG.WT	0.08	QUA.WT	122.9%	GD.WT	0.5	$1.10	Bargain
interpreted as the	Ivanhoe Energy	431,364,580.50	FRE.WT	10-Nov-09		RNZ.WT.B	-1.21	EDV.WT	11.76	GMC.WT.A	0.09	AAB.WT	122.1%	TRX.WT	0.1	$0.22	Bargain
consideration paid for	I M A Exploration	15,639,619.20	BNK.WT	15-Nov-09		OSU-WT.B	-1.26	RDV.WT	11.5	CEK.WT	0.09	SRL.WT.A	121.1%	FNV.WT	3.85	$8.26	Bargain
the advantage that the	International Nickel	16,203,302.40	OSK.WT	24-Nov-09		SWY.WT	-1.26	LRG.WT	11	CUM.WT	0.09	SRL.WT	121.1%	SVM.WT	0.075	$0.16	Bargain
warrant buyer has over	Ivory Energy	9,536,820.40	DML.WT	29-Nov-09		CHQ.WT	-1.33	GMC.WT.B	10.67	FR.WT	0.09	LRG.WT	121.1%	OSU-WT.A	0.07	$0.15	Bargain
the direct investor. It	Kinross	10,961,353,113.48	LS.WT	30-Nov-09		LRG.WT	-1.39	YNG.WT	10	BNC.WT	0.095	FT.WT	121.0%	K.WT.B	2.15	$4.51	Bargain
is greatest when the	Katanga Mining	1,287,289,929.12	SLW.WT.A	3-Dec-09		SRY.WT	-1.41	CUM.WT	9.22	LIR.WT	0.1	CEK.WT	120.0%	GMC.WT.B	0.06	$0.13	Bargain
warrants are 'at the money'	Labrador Iron Mines	85,135,202.40	LIR.WT	11-Dec-09		FIT.WT	-1.45	MCG.WT	9	HAY.WT	0.1	FGX.WT	119.4%	PNP.WT	0.33	$0.68	Bargain
but decreases as the	Lateegra	3,581,996.00	EF.WT	11-Dec-09		FIT.WT.A	-1.55	OYM.WT	9	EPD.WT	0.1	FGX.WT	119.4%	MGT.WT.U	0.8	$1.65	Bargain
exercise date draws closer.	Added Capital	9,017,333.36	PDL.WT	15-Dec-09		CXX.WT	-1.56	RNZ.WT.B	8.8	MCG.WT	0.1	IMR.WT.A	118.4%	AVK.WT	0.06	$0.12	Bargain
The decreased value is	Marathon PGM	51,920,909.04	UF.WT	28-Dec-09		CUM.WT	-1.67	CNM.WT	8.77	FXI.WT	0.1	IMR.WT	118.4%	GMC.WT.A	0.09	$0.17	Bargain
called time decay and	Melco China Resorts (Holding) Ltd.	78,695,409.60	AMR.WT	31-Dec-09		DIO.WT	-1.68	CXX.WT	8.17	TRX.WT	0.1	DML.WT.A	117.9%	DAV.WT	0.015	$0.03	Bargain
decreases at a faster	M D N Inc	89,207,205.12	AMR.WT.A	15-Jan-10		TCP.WT	-1.72	FT.WT	7.93	MEB.WT	0.1	DML.WT	117.9%	MTO.WT	0.2	$0.38	Bargain
pace as the expiry date	Metrobridge Networks	1,835,165.92	ASF.WT	12-Feb-10		PHC.WT	-1.75	RNZ.WT.A	7.33	TOS.WT	0.1	IE.WT	116.7%	NGD.WT.C	0.25	$0.47	Bargain
draws closer.	Mega Uranium	234,070,915.00	P.WT	17-Feb-10		DAV.WT	-1.93	MAR.WT	7.28	BCM.WT.A	0.105	EF.WT	114.9%	IE.WT	0.55	$1.03	Bargain
	Mines Management	38,668,574.00	YRI.WT.C	17-Feb-10		INV.WT	-1.95	NGD.WT.B	7.26	P.WT	0.105	HDG.WT	111.7%	EF.WT	0.015	$0.03	Bargain
	Medical Intelligence Tech	8,548,727.50	YRI.WT.C	20-Feb-10		CNM.WT	-2.03	GMC.WT.A	7.11	EET.WT	0.11	BNK.WT.A	109.1%	BSK.WT	0.005	$0.01	Bargain
	Mercator Minerals Ltd	462,280,482.06	DAV.WT	22-Feb-10		ZAZ.WT	-2.05	CCJ.WT.B	7.1	OSU-WT.B	0.12	BNK.WT	109.1%	CSI.WT	0.85	$1.55	Bargain
	Sprott Molybdenum Part. Corp.	113,890,078.72	VSKY.WT	26-Feb-10		NSU.WT.A	-2.06	DML.WT.A	7.08	ANS.WT	0.12	CUM.WT	106.0%	MPM.WT	0.43	$0.73	Bargain
	Markland AGF Precious Metals...	15,964,300.00	HAY.WT	6-Mar-10		URB.WT	-2.1	CUX.WT.A	7	GMC.WT	0.13	NSU.WT.A	106.0%	MGA.WT	0.54	$0.91	Bargain
	Metanor Resources	38,178,240.36	CHQ.WT	21-Mar-10		URB.WT.A	-2.1	INV.WT	6.67	PHC.WT	0.145	PRP.WT	105.3%	EDV.WT	0.51	$0.84	Bargain
	Metallic Ventures Gold	21,316,512.95	IMR.WT.A	25-Mar-10		GMC.WT	-2.11	UF.WT	6.65	FT.WT	0.145	NG.WT	104.1%	PDL.WT	0.77	$1.25	Bargain
	NovaGold Resources	749,800,147.43	FR.WT.A	11-Apr-10		EF.WT	-2.25	EET.WT	6.36	CBK.WT	0.15	BCM.WT.A	103.2%	OSU-WT.B	0.12	$0.19	Bargain
	New Gold Inc.	1,230,999,600.67	OSU-WT.A	17-Apr-10		KAT.WT	-2.26	DPM.WT	6.27	GUR.WT	0.15	BCM.WT	103.2%	YRI.WT.C	1.48	$2.38	Bargain
	Nevsun Resources	120,479,162.68	MAR.WT	30-Apr-10		PDL.WT	-2.28	MGA.WT.A	6.25	EET.WT.A	0.15	G.WT.G	101.1%	G.WT.G	12.25	$19.51	Bargain
	Oilsands Canada Corp	32,231,849.00	FIT.WT.A	8-May-10		FXI.WT	-2.35	ELR.WT.A	6.18	CPM.WT.A	0.15	TCM.WT	100.6%	ELR.WT.A	0.17	$0.27	Bargain
	Oroco Resource Corp	4,690,898.57	QUA.WT	9-May-10		GMC.WT.A	-2.36	SWY.WT	6.13	ERD.WT	0.15	YRI.WT.C	100.1%	PRE.WT	2.5	$3.83	Bargain
	O'Leary Global Equity Income	45,018,000.00