(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-UN		ASF.wt	15-Jan-10		$12.00	1	18.33	9.9	-2.10	42.8	0.54	$2.31	Bargain
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
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
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
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
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
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
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
Bankers Petroleum	T.BNK	066286 11 3	BNKFF.pk	T.BNK		BNK.wt	10-Nov-09		$0.95	1	3.33	0.4	-0.55	64.7	0.12	$0.07	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
Bioniche Life Sciences Inc	T.BNC	09063P 12 5		T.BNC		BNC.wt	13-Mar-09		$1.40	1	3.75	0.75	-0.65	60	0.2	$0.09	Very Overvalued
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
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
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
Calstar Oil & Gas	C.CALS	13135U 11 2	CLGSF.pk	C.CALS		CALS.wt.b	28-Sep-07		$0.65	1	10	0.1	-0.55	206.1	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	7.25	0.29	-2.31	193.7	0.04	$0.26	Bargain
Chesapeake Gold	V.CKG	165184 11 0	CHPGF.pk	V.CKG		CKG.wt	23-Feb-12		$8.00	1	1.75	5.25	-2.75	49.5	3	$1.81	Overvalued
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
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
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
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
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
DPF India Opportunities Fund	T.DPF	26138Y 11 3		T.DPF-UN		DPF.wt	13-Aug-10		$12.50	1	6.42	8.48	-4.02	16.5	1.32	$0.32	Very Overvalued
Dundee Precious Metals	T.DPM	265269 12 6		T.DPM		DPM.wt	29-Jun-12		$15.00	1	3.82	8.6	-6.40	28.5	2.25	$1.25	Overvalued
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
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
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
Endeavour Mining Cap	T.EDV	G3040R 12 5	EDVMF.pk	T.EDV	EDVWF.pk	EDV.wt	10-Nov-08		$5.50	1	1.69	8.8	3.30	31.1	5.2	$3.68	Overvalued
Endeavour Silver Corp	T.EDR	29258Y 11 1	EDRGF.pk	T.EDR	EDWGF.pk	EDR.wt	24-Oct-07		$5.25	1	29.2	3.65	-1.60	64.9	0.125	$0.04	Very Overvalued
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
Envoy Communs Group Inc	T.ECG	29413B 11 3	ECGI	T.ECG		ECG.wt	20-Feb-09		$9.00	5	30.7	3.07	-5.93	22.5	0.02	$0.00	Very Overvalued
Equinox Minerals	T.EQN	29445L 11 3		T.EQN		EQN.wt	6-May-08		$2.30	1	2.57	3.52	1.22	80.5	1.37	$1.56	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
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
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
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
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
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
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
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
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
Fralex Therapeutics Inc	V.FXI	49381E 11 3		V.FXI		FXI.wt	14-Feb-09		$4.00	1	7.1	0.71	-3.29	85.5	0.1	$0.04	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	82	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	2.27	2.45	-0.30	63.7	1.08	$1.25	Undervalued
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
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
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
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
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
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
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
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
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
I M A Exploration	V.IMR	449664 30 9	IMR	V.IMR		IMR.wt	14-Sep-09		$3.45	1	29.33	0.44	-3.01	21.1	0.015	$0.00	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	21.1	0.11	$0.00	Very Overvalued
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
International Minerals Corp	T.IMZ	460061 12 0	IMZLF.pk	T.IMZ		IMZ.wt	19-May-08		$6.88	1	13.07	5.49	-1.39	16.7	0.42	$0.03	Very Overvalued
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
Ivanhoe Energy	T.IE	G5221G 11 7	IVAN.pk	T.IE		IE.wt	15-May-11		$2.93	1	2.44	1.95	-0.98	29.7	0.8	$0.29	Very Overvalued
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
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
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
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
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
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
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
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
M D N Inc	T.MDN	31943B 12 6		T.MDN		MDN.wt	14-Jan-09		$1.00	1	1.7	1.17	0.17	8.6	0.69	$0.24	Very Overvalued
M G M Energy	T.MGX	55276L 11 2		T.MGX		MGX.wt.b	30-Sep-07		$6.00	1	92	2.3	-3.70	39.6	0.025	$0.00	Very Overvalued
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
Medical Intelligence Tech	V.MIZ	58458F 12 7		V.MIZ		MIZ.wt	28-Sep-07		$0.80	1	10	0.45	-0.35	196.3	0.045	$0.02	Very Overvalued
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
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
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
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
Metallic Ventures Gold	T.MVG	591253 12 5	MTLVF.pk	T.MVG		MVG.wt	17-Mar-09		$10.00	1	13	1.95	-8.05	46.8	0.15	$0.00	Very Overvalued
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
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
Minco Silver	T.MSV	60254C 12 6	MISVF.pk	T.MSV		MSV.wt	18-May-08		$3.45	1	6.64	1.66	-1.79	75.4	0.25	$0.10	Very Overvalued
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
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
Nevsun Resources	T.NSU	64156L 13 5	NSU	T.NSU	NSUWF.pk	NSU.wt	29-Jun-08		$3.25	1	5.33	1.68	-1.57	67.1	0.315	$0.11	Very Overvalued
Nevsun Resources	T.NSU	64156L 15 0	NSU	T.NSU		NSU.wt.a	25-Oct-08		$3.00	1	3	1.68	-1.32	67.1	0.56	$0.21	Very Overvalued
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
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
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
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
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
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
Oilsands Canada Corp	T.OCF	678044 11 6		T.OCF		OCF.wt	31-Jul-10		$10.25	1	nt	9.74	-0.51	37.7	nt	$2.84	not trading yet
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
Oromonte	V.ORR	687083 11 3	ORMOF.PK	V.ORR		ORR.wt	17-Nov-08		$0.75	1	1.8	0.18	-0.57	107.1	0.1	$0.02	Very Overvalued
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
Palo Duro Energy	V.PDE	69744M 11 5		V.PDE		PDE.wt	23-Mar-09		$0.50	1	1.53	0.13	-0.37	68.5	0.085	$0.01	Very Overvalued
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
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
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
Quadra Mining	T.QUA	747319 11 9	QADMF.PK	T.QUA		QUA.wt	8-May-10		$20.00	1	4.08	16.92	-3.08	16.6	4.15	$1.63	Very Overvalued