(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
Acuity Small Cap	T.ASF	00509R 10 6		T.ASF		ASF.wt	15-Jan-10		$12.00	1	19.79	9.5	-2.50	50	0.48	$2.52	Bargain
Agnico Eagle	T.AEM	008474 13 2	AEM	T.AEM	AEMLW	AEM.wt.u	14-Nov-07	$19.00	$19.99	1	1.73	47.42	27.43	38.6	27.36	$27.69	Fair Value
Ascendant Copper Corp	T.ACX	043503 11 9	ASCPF.pk	T.ACX		ACX.wt	21-Nov-10		$2.50	1	5.83	0.35	-2.15	92.4	0.06	$0.08	Undervalued
Ascendant Copper Corp	T.ACX	043503 12 7	ASCPF.pk	T.ACX		ACX.wt.a	22-Jun-09		$0.65	1	3.18	0.35	-0.30	92.4	0.11	$0.12	Fair Value
Australian Solomons Gold	T.SGA	Q8271C 11 8		T.SGA		SGA.wt	28-Aug-08		$1.71	1	3.89	1.4	-0.31	23.1	0.36	$0.06	Very Overvalued
Avnel Gold Mining	T.AVK	G0683R 12 3		T.AVK		AVK.wt	30-Jun-10		$1.06	1	1.75	0.7	-0.36	56.3	0.4	$0.20	Very Overvalued
Baffinland Iron Mns Corp	T.BIM	056620 11 5		T.BIM		BIM.wt	31-Jan-12		$5.50	1	2.39	3.75	-1.75	47	1.57	$1.25	Overvalued
Baja Mining Corp	T.BAJ	05709R 11 1	BAJFF.pk	T.BAJ		BAJ.wt	13-Apr-09		$1.15	1	1.87	2.06	0.91	60.8	1.1	$1.13	Fair Value
Bankers Petroleum	T.BNK	066286 11 3	BNKFF.pk	T.BNK		BNK.wt	10-Nov-09		$0.95	1	2.44	0.44	-0.51	104.4	0.18	$0.18	Fair Value
Bankers Petroleum	T.BNK	066286 12 1		T.BNK		BNK.wt.A	1-Mar-12		$0.90	1	2	0.44	-0.46	104.4	0.22	$0.29	Undervalued
Bioniche Life Sciences Inc	T.BNC	09063P 12 5		T.BNC		BNC.wt	13-Mar-09		$1.40	1	2.82	0.79	-0.61	45.5	0.28	$0.06	Very Overvalued
Blue Sky Uranium	V.BSK	096049 11 9		V.BSK		BSK.wt	23-Mar-09		$1.30	1	3.52	0.58	-0.72	51	0.165	$0.03	Very Overvalued
Bordeaux Energy	V.BDO	099535 11 4	BDOXF.pk	V.BDO		BDO.wt	6-Aug-08		$0.90	1	2.61	0.6	-0.30	82.7	0.23	$0.13	Overvalued
Breakwater Resources	T.BWR	106902 15 8	BWLRF.ob	T.BWR	BWLWF.pk	BWR.wt	28-Jan-09		$1.00	1	1.59	2.55	1.55	81.4	1.6	$1.73	Fair Value
Calstar Oil & Gas	C.CALS	13135U 11 2	CLGSF.pk	C.CALS		CALS.wt.b	28-Sep-07		$0.65	1	14	0.14	-0.51	197	0.01	$0.00	Very Overvalued
Canadian Income Mgmt Tr	T.CNM	13607T 11 4		T.CNM-UN		CNM.wt	28-Feb-12		$2.60	1	7.5	0.45	-2.15	146.5	0.06	$0.35	Bargain
Chesapeake Gold	V.CKG	165184 11 0	CHPGF.pk	V.CKG		CKG.wt	23-Feb-12		$8.00	1	2.15	6.59	-1.41	5	3.07	$0.40	Very Overvalued
Coalcorp Mining	T.CCJ	190135 11 1	CCJFF.pk	T.CCJ		CCJ.wt	8-Feb-11		$5.60	1	3.2	4.25	-1.35	26	1.33	$0.65	Very Overvalued
Coalcorp Mining	T.CCJ	190135 13 7	CCJFF.pk	T.CCJ		CCJ.wt.A	17-Aug-11		$8.40	1	9.88	4.25	-4.15	26	0.43	$0.27	Overvalued
Copernican British Banks Fund	T.CBB	21727V 11 7		T.CBB-UN		CBB.wt	14-Jun-10		$10.00	1	19.7	9.85	-0.15	25	0.50	$2.26	Bargain
D P F India Opportunities	T.DPF-UN	26138Y 11 3		T.DPF-UN		DPF.wt	14-Aug-10		$12.50	1	nt	nt	nt	nt	nt	nt	not trading yet
Denison Mines  (1)	T.DML	248356 11 5	DMLCF.pk	T.DML		DML.wt	24-Nov-09		$15.00	1	2.09	27.01	12.01	46.3	12.9	$14.88	Undervalued
Denison Mines  (1)	T.DML	248356 12 3	DMLCF.pk	T.DML		DML.wt.A	1-Mar-11		$30.00	1	2.7	27.01	-2.99	46.3	10	$9.73	Fair Value
Dundee Precious Metals	T.DPM	265269 12 6		T.DPM		DPM.wt	29-Jun-12		$15.00	1	3.58	8.6	-6.40	29.1	2.4	$1.27	Overvalued
Eastern Platinum Limited	T.ELR	276855 11 1	ELRFF.pk	T.ELR		ELR.wt	25-Apr-08		$2.00	1	4.02	2.49	0.49	38.6	0.62	$0.65	Fair Value
Eastern Platinum Limited	T.ELR	276855 12 9	ELRFF.pk	T.ELR		ELR.wt.A	28-Mar-09		$1.80	1	2.54	2.49	0.69	38.6	0.98	$0.95	Fair Value
Endeavour Mining Cap	T.EDV	G3040R 12 5	EDVMF.pk	T.EDV	EDVWF.pk	EDV.wt	10-Nov-08		$5.50	1	1.62	9.88	4.38	50.9	6.1	$4.97	Overvalued
Endeavour Silver Corp	T.EDR	29258Y 11 1	EDRGF.pk	T.EDR	EDWGF.pk	EDR.wt	24-Oct-07		$5.25	1	10.43	5.11	-0.14	49.4	0.49	$0.41	Overvalued
Energentia Resources	V.ENR	29268P 11 8		V.ENR		ENR.wt	14-Feb-09		$0.75	1	3.25	0.26	-0.49	159.6	0.08	$0.13	Bargain
Envoy Communs Group Inc	T.ECG	29413B 11 3	ECGI	T.ECG		ECG.wt	20-Feb-09		$9.00	5	33	3.30	-41.70	24.5	0.02	$0.00	Very Overvalued
Equinox Minerals	T.EQN	29445L 11 3		T.EQN		EQN.wt	6-May-08		$2.30	1	2.66	3.43	1.13	49.9	1.29	$1.31	Fair Value
Erdene Gold	T.ERD	29480Q 11 8	ERDGF.pk	T.ERD		ERD.wt	15-Jun-09		$1.60	1	1.76	1.27	-0.33	51.8	0.72	$0.29	Very Overvalued
European Minerals Corp	T.EPM	G3192Y 11 8	EPMCF.PK.	T.EPM		EPM.wt	23-Dec-08	$1.20	$1.26	1	4.1	1.23	-0.03	57.5	0.3	$0.35	Undervalued
European Minerals Corp	T.EPM	G3192Y 12 6	EPMCF.PK.	T.EPM	EPMWF.pk	EPM.wt.a	11-Apr-10		$1.20	1	2.37	1.23	0.03	57.5	0.52	$0.51	Fair Value
European Minerals Corp	T.EPM	G3192Y 14 2	EPMCF.PK.	T.EPM	EPMJF.pk	EPM.wt.b	21-Mar-11		$1.55	1	2.89	1.23	-0.32	57.5	0.425	$0.50	Undervalued
First Capital Realty	T.FCR	35168Q 11 4	FCRGF.pk	T.FCR		FCR.wt	31-Aug-08		$11.80	1	1.93	25.55	13.75	30.9	13.26	$14.37	Fair Value
First Majestic Silver Corp	V.FR	32076V 11 1	FRMSF.PK	V.FR		FR.wt	10-Nov-08		$6.50	1	15.48	4.18	-2.32	63	0.27	$0.64	Bargain
Fortune Minerals	T.FT	34967D 13 5	FTMDF.PK	T.FT		FT.wt	26-Jul-09		$3.75	1	6.28	2.51	-1.24	83.1	0.4	$0.89	Bargain
Fralex Therapeutics Inc	V.FXI	49381E 11 3		V.FXI		FXI.wt	14-Feb-09		$4.00	1	9.7	0.97	-3.03	16	0.1	$0.00	Very Overvalued
Futura Loyalty Group	V.FUT	373686 11 2		V.FUT		FUT.wt	1-Jan-08		$1.10	1	10	0.1	-1.00	93.1	0.01	$0.00	Very Overvalued
Geovic Mining Corp	V.GMC	373686 12 0	GVCM.pk	V.GMC	GVCMW.pk	GMC.wt	3-Nov-11		$2.75	1	1.31	2.54	-0.21	68.5	1.94	$1.41	Overvalued
Geovic Mining Corp	V.GMC	U37397 11 1	GVCM.pk	V.GMC		GMC.wt.a	6-Mar-12		$3.00	1	1.81	2.54	-0.46	68.5	1.4	$1.41	Fair Value
Geovic Mining Corp	V.GMC	377903 14 1	GVCM.pk	V.GMC		GMC.wt.b	27-Apr-12		$5.00	1	3.91	2.54	-2.46	68.5	0.65	$1.13	Bargain
Glencairn Gold Corp	T.GGG	379462 11 2	GLE	T.GGG	GLECW.pk	GGG.wt	26-Nov-08		$1.25	1	5.07	0.38	-0.87	133.8	0.075	$0.12	Bargain
Global Uranium	T.GUR	380680 11 6		T.GUR		GUR.wt	30-Jun-10		$10.25	1	5.24	6.55	-3.70	64.6	1.25	$2.18	Bargain
Gold Point Energy Corp	V.GPE	380956 17 7		V.GPE		GPE.wt	29-Dec-08		$0.50	1	3	0.27	-0.23	80.2	0.09	$0.05	Overvalued
Goldcorp	T.G	390124 11 3	GG	T.G	GG.wt	G.wt.G	9-Jun-11		$30.75	1	2.53	26.52	-4.23	39.4	10.5	$8.30	Overvalued
Grande Cache Coal	T.GCE	38655X 11 3		T.GCE		GCE.wt	11-Aug-08		$1.60	1	6.67	1	-.60	62.9	0.15	$0.11	Overvalued
Great Basin	T.GBG	45107L 11 8	GBN	T.GBG		GBG.wt	17-Apr-09		$3.50	1	3.73	2.8	-0.70	41.9	0.75	$0.46	Overvalued
I C S Copper Systems Ltd	V.ICX	449664 11 9		V.ICX		ICX.wt	4-May-09		$1.30	1	2.14	0.79	-0.51	74.5	0.37	$0.20	Overvalued
I M A Exploration	V.IMR	449664 30 9	IMR	V.IMR		IMR.wt	14-Sep-09		$3.45	1	5.18	0.44	-3.01	69.3	0.085	$0.01	Very Overvalued
I M A Exploration	V.IMR	450913 11 6	IMR	V.IMR		IMR.wt.A	21-Mar-10		$3.80	1	4	0.44	-3.36	69.3	0.11	$0.02	Very Overvalued
Iamgold	T.IMG	459875 11 8	IAG	T.IMG		IMG.wt	12-Aug-08		$3.75	2.381	3.67	9.43	0.50	28.5	1.08	$2.46	Bargain
International Minerals Corp	T.IMZ	460061 12 0	IMZLF.pk	T.IMZ		IMZ.wt	19-May-08		$6.88	1	14.5	5.80	-1.08	19.9	0.4	$0.14	Very Overvalued
International Nickel	T.INV	465790 11 1		T.INV		INV.wt	18-Nov-08		$2.25	1	8.46	1.10	-1.15	96.4	0.13	$0.26	Bargain
Ivanhoe Energy	T.IE	G5221G 11 7	IVAN.pk	T.IE		IE.wt	15-May-11		$2.93	1	2.94	2.06	-0.87	48.5	0.7	$0.65	Fair Value
Ivory Energy	V.IV	46589L 11 3		V.IV		IV.wt	18-Jul-12		$1.00	1	2.43	0.85	-0.15	100.1	0.35	$0.63	Bargain
Katanga Mining	T.KAT	49373T 12 8	KATFF.pk	T.KAT		KAT.wt	20-Nov-11		$8.50	1	1.68	20	11.50	38.3	11.87	$13.49	Undervalued
Khan Resources	T.KRI	496902 13 1	KHRIF.pk	T.KRI		KRI.wt	3-Aug-08		$1.90	1	1.67	3.58	1.68	59.8	2.15	$1.86	Overvalued
Kinross	T.K	496902 15 6	KGC	T.K	KRSGF.pk	K.wt	5-Dec-07		$15.00	3	11.79	13.8	-31.20	42.5	0.39	$0.32	Overvalued
Kinross	T.K	496902 16 4	KGC	T.K		K.wt.a	22-Oct-07		$1.90	2.24871	1.42	13.8	9.53	42.5	4.33	$5.30	Undervalued
Kinross	T.K	51818R 11 3	KGC	T.K		K.wt.b	7-Sep-11		$10.00	2.24871	2.61	13.8	-8.69	42.5	2.35	$3.16	Undervalued
Lateegra	V.LRG	59318A 11 8	LRGFF.PK	V.LRG		LRG.wt	1-Dec-08		$1.50	1	6	0.3	-1.20	121.3	0.05	$0.05	Fair Value
M G M Energy	T.MGX	55276L 11 2		T.MGX		MGX.wt.b	30-Sep-07		$6.00	1	31.25	2.5	-3.50	44.4	0.08	$0.00	Very Overvalued
MDN Inc	T.MDN	31943B 12 6		T.MDN		MDN.wt	14-Jan-09		$1.00	1	1.88	1.3	0.30	47.3	0.69	$0.47	Overvalued
Medical Intelligence Tech	V.MIZ	58458F 12 7		V.MIZ		MIZ.wt	28-Sep-07		$0.80	1	12.67	0.57	-0.23	79.1	0.045	$0.01	Very Overvalued
Medical Intelligence Tech	V.MIZ	58458F 13 5		V.MIZ		MIZ.wt.a	20-Oct-08		$0.85	1	8.14	0.57	-0.28	79.1	0.07	$0.13	Bargain
Mega Uranium	T.MGA	58516W 11 2		T.MGA		MGA.wt	12-Feb-12		$6.15	1	2.85	4.98	-1.17	42.2	1.75	$1.74	Fair Value
Mega Uranium	T.MGA	58516W 12 0		T.MGA		MGA.wt.a	6-Jun-12		$7.00	1	2.85	4.98	-2.02	42.2	1.75	$1.61	Fair Value
Mercator Minerals Ltd	T.ML	587582 11 5		T.ML		ML.wt	16-Feb-12		$4.00	1	1.79	6.55	2.55	57.8	3.65	$4.24	Undervalued
Mesa Uranium Corp	V.MZU	59066W 11 4	MSAUF.pk	V.MZU		MZU.wt	21-Dec-07		$0.75	1	5.31	0.345	-0.41	83.4	0.065	$0.01	Very Overvalued
Metallic Ventures Gold	T.MVG	591253 12 5	MTLVF.pk	T.MVG		MVG.wt	17-Mar-09		$10.00	1	9.32	2.05	-7.95	60.4	0.22	$0.03	Very Overvalued
Metallica Resources	T.MR	59125J 12 0	MRB	T.MR	MRBWF.pk	MR.wt	11-Dec-08		$3.10	1	2.68	4.9	1.80	28.2	1.83	$2.03	Undervalued
Metrobridge Networks	V.MEB	59165A 11 2		V.MEB		MEB.wt	26-Jul-09		$0.65	1	4.4	0.44	-0.21	71.3	0.1	$0.13	Undervalued
Minco Silver	T.MSV	60254C 12 6	MISVF.pk	T.MSV		MSV.wt	18-May-08		$3.45	1	7.24	2.1	-1.35	63.8	0.29	$0.17	Overvalued
Mines Management	T.MGT	603432 11 3		T.MGT		MGT.wt.U	20-Apr-12	$5.75	$6.05	1	3.02	3.8	-2.25	47.9	1.26	$1.25	Fair Value
Neo Material Tchnlgys Inc	T.NEM	64045Y 11 6	NEMFF.pk	T.NEM		NEM.wt	31-Aug-08		$2.50	1	2.02	4.42	1.92	39.2	2.19	$2.08	Fair Value
Nevsun Resources	T.NSU	64156L 13 5	NSU	T.NSU	NSUWF.pk	NSU.wt	29-Jun-08		$3.25	1	3.69	2.36	-0.89	58	0.64	$0.29	Very Overvalued
Nevsun Resources	T.NSU	64156L 15 0	NSU	T.NSU		NSU.wt.a	25-Oct-08		$3.00	1	4.07	2.36	-0.64	58	0.58	$0.44	Overvalued
New Gold Inc.	T.NGD	644535 11 4	NGD	T.NGD		NGD.wt	29-Feb-08		$12.00	1	51.11	6.9	-5.10	37.9	0.135	$0.03	Very Overvalued