Visit SmallCaps.ca for more articles and information
and a great new
chat forum on Canadian small caps.

[ click on a google ad to keep this site free ]

February 2 2007

                               Warrants            
                             
                      1 Month      
  U. S. Canadian U. S. Canadian Expiration Exercise Warrants    Price  Intrinsic Historic   Fair  
COMPANY NAME Symbol Stock Symbol Warrant Date Price per Leverage     of   Value of Volatility Warrant Market Comments
  Stock Symbol Warrant Symbol   Cdn$ Share   Common Warrant Annualized Price Value  
Anico Eagle AEM T.AEM AEMLW T.AEM.wt.u 14-Nov-07 $22.33 1 1.83 $47.20 $24.87 39.5 $25.86 $25.77 Fair Value
Ascendant Copper Corp ASCPF.pk T.ACX   T.ACX.wt 21-Nov-10 $2.50 1 3.36 $0.47 -$2.03 68.3 $0.14 $0.08 Over Valued
Aspire Capital APIRF.PK C.CALS   C.CALS.wt.b 18-May-07 $0.25 1 6.00 $0.06 -$0.19 279.0 $0.01 $0.01 Fair Value
Australian Solomons Gold   T.SGA   T.SGA.wt 28-Aug-08 $1.71 1 2.88 $1.73 $0.02 43.8 $0.60 $0.98 Undervalued
Avnel Gold Mining   T.AVK   T.AVK.wt 30-Jun-10 $1.06 1 1.64 $0.90 -$0.16 3.1 $0.55 $0.02 Over Valued
Baffinland Iron Mns Corp     (1)   T.BIM   T.BIM.wt 31-Jan-12 $2.75 1 4.28 $2.57 -$0.18 51.0 $0.60 $1.24 Undervalued
Baja Mining Corp BAJFF.pk V.BAJ   V.BAJ.wt 13-Apr-09 $1.25 1 1.42 $1.48 $0.23 47.9 $1.04 $0.57 Over Valued
Bankers Petroleum BNKFF.pk T.BNK   T.BNK.wt 10-Nov-09 $0.95 1 2.32 $0.79 -$0.16 51.4 $0.34 $0.25 Over Valued
Bema Gold Corp BGO T.BGO BMGDF.pk T.BGO.wt 22-Oct-07 $1.90 1 1.38 $6.79 $4.89 21.4 $4.91 $4.96 Fair Value
Bema Gold Corp BGO T.BGO   T.BGO.wt.A 8-Sep-11 $10.00 1 2.89 $6.79 -$3.21 21.4 $2.35 $0.83 Over Valued
Benton Resources   V.BTC BNRWF.pk V.BTC.wt 13-Apr-07 $0.40 1 4.00 $0.48 $0.08 103.4 $0.12 $0.13 Fair Value
Blue Pearl Mining BLEFF.pk T.BLE BLEWF.pk T.BLE.wt 22-Mar-07 $0.70 1 1.09 $7.95 $7.25 45.2 $7.30 $7.25 Fair Value
Blue Pearl Mining BLEFF.pk T.BLE   T.BLE.wt.A 27-Oct-11 $9.00 1 2.30 $7.95 -$1.05 45.2 $3.45 $3.27 Fair Value
Breakwater Resources BWLRF.ob T.BWR BWLWF.pk T.BWR.wt 28-Jan-09 $1.00 1 1.84 $1.66 $0.66 55.0 $0.90 $0.87 Fair Value
Canadian General Inv. Ltd CGRIF T.CGI   T.CGI.wt 30-Jun-07 $4.12 1 1.15 $27.81 $23.69 12.6 $24.20 $23.77 Fair Value
Canadian Income Mgmt Tr   T.CNM-UN   T.CNM.wt 28-Feb-12 $2.60 1 11.25 $0.45 -$2.15 418.0 $0.04 $0.45 Undervalued
Centrasia Mining Corp CTMHF.ob V.CTM   V.CTM.wt 28-Apr-07 $0.78 2 2.36 $0.99 $0.105 159.4 $0.21 $0.20 Fair Value
Coalcorp Mining CCJFF.pk T.CCJ   T.CCJ.wt 25-Feb-09 $0.80 1 2.36 $0.66 -$0.14 66.6 $0.28 $0.23 Over Valued
Coalcorp Mining CCJFF.pk T.CCJ   T.CCJ.wt.A 17-Aug-11 $1.20 1 3.67 $0.66 -$0.54 66.6 $0.18 $0.29 Undervalued
Colibri Resource Corp CRUCF.pk V.CBI   V.CBI.wt 28-Jul-07 $0.30 2 1.40 $0.70 $0.20 341.7 $0.25 $0.30 Undervalued
Decision Dynamics Tchnlgy   V.DDY   V.DDY.wt 29-Jan-07 $0.70 1 17.00 $0.17 -$0.53 265.5 $0.01 $0.00 Over Valued
Dejour Enterprises Ltd DJEEF.ob V.DJE   V.DJE.wt 17-Mar-07 $0.80 1 1.52 $2.43 $1.63 49.9 $1.60 $1.63 Fair Value
Denison Mines DMLCF.pk T.DML   T.DML.wt 24-Nov-09 $15.00 1 1.69 $32.98 $17.98 50.0 $19.50 $21.06 Fair Value
Denison Mines DMLCF.pk T.DML   T.DML.wt.A 1-Mar-11 $30.00 1 2.48 $32.98 $2.98 50.0 $13.29 $15.81 Undervalued
Eastern Platinum Limited ELRFF.pk T.ELR   T.ELR.wt 25-Apr-08 $2.00 1 1.62 $1.57 -$0.43 84.1 $0.97 $0.47 Over Valued
Eastern Platinum Limited ELRFF.pk T.ELR   T.ELR.wt.A 28-Mar-09 $1.80 1 3.41 $1.57 -$0.23 84.1 $0.46 $0.71 Undervalued
Endeavour Mining Cap EDVMF.pk T.EDV EDVWF.pk T.EDV.wt 10-Nov-08 $5.50 1 2.48 $7.95 $2.45 43.1 $3.21 $3.34 Fair Value
Endeavour Silver Corp EDRGF.pk T.EDR EDWGF.pk T.EDR.wt 24-Oct-07 $5.25 1 3.54 $4.82 -$0.43 48.4 $1.36 $0.68 Over Valued
Envoy Communs Group Inc   T.ECG   T.ECG.wt 20-Feb-09 $9.00 5 151.00 $3.02 -$5.98 15.0 $0.02 $0.00 Over Valued
Erdene Gold ERDGF.pk T.ERD   T.ERD.wt 15-Jun-09 $1.60 1 3.36 $0.84 -$0.76 89.0 $0.25 $0.32 Undervalued
European Minerals Corp EPMCF.PK. T.EPM EPMWF.pk T.EPM.wt 23-Dec-08 $1.41 1 2.00 $0.94 -$0.20 31.7 $0.47 $0.07 Over Valued
European Minerals Corp EPMCF.PK. T.EPM EPMJF.pk T.EPM.wt.a 11-Apr-10 $1.20 1 2.04 $0.94 -$0.26 31.7 $0.46 $0.18 Over Valued
European Minerals Corp EPMCF.PK. T.EPM   T.EPM.wt.b 21-Mar-11 $1.55 1 2.54 $0.94 -$0.61 31.7 $0.37 $0.15 Over Valued
Explorations Minieres du Nord   T.MDN   T.MDN.wt 14-Jan-09 $1.00 1 1.64 $0.95 -$0.05 99.7 $0.58 $0.50 Over Valued
First Capital Realty FCRGF.pk T.FCR   T.FRC.wt 31-Aug-08 $11.80 1 1.86 $27.57 $15.77 210.1 $14.79 $24.45 Undervalued
Fortress Base Metals    (2) AUMGF.pk V.FBM   V.FBM.wt 16-Feb-07 $2.25 5 26.00 $1.30 -$0.95 396.4 $0.01 $0.04 Undervalued
Gabriel Resources Ltd GBRRF.pk T.GBU   T.GBU.wt 31-Mar-07 $2.75 1 2.08 $5.40 $2.65 38.4 $2.60 $2.67 Fair Value
Geovic Mining Corp GVCM.pk V.GMC GVCMW.pk V.GMC.wt 3-Nov-11 $2.75 1 1.88 $2.70 -$0.05 72.8 $1.44 $1.67 Undervalued
Glencairn Gold Corp GLE T.GGG GLECW.pk T.GGG.wt 26-Nov-08 $1.25 1 3.80 $0.57 -$0.68 42.3 $0.15 $0.02 Over Valued
Goldcorp GG T.G GG.wt T.G.wt.G 9-Jun-11 $30.75 1 1.96 $32.32 $1.57 34.2 $16.50 $12.24 Over Valued
Golden Star Resources GSS T.GSC GSRWF.pk T.GSC.wt.a 14-Feb-07 $4.60 1 97.25 $3.89 -$0.71 33.1 $0.04 $0.00 Over Valued
Grande Cache Coal Corp GACHF.pk T.GCE   T.GCE.wt 5-Apr-07 $3.40 1 13.33 $0.80 -$2.60 46.4 $0.06 $0.00 Over Valued
HMZ Metals Inc. HMZMF.pk T.HMZ   T.HMZ.wt 6-Apr-07 $0.50 1 6.00 $0.06 -$0.44 154.9 $0.010 $0.00 Over Valued
Iamgold IMG T.IMG   T.IMG.wt 12-Aug-08 $3.75 2.381 2.83 $10.25 $0.56 28.7 $1.52 $2.85 Undervalued
IMA Exploration IMR V.IMR   V.IMR.wt 14-Sep-09 $3.45 1 5.36 $0.75 -$2.70 53.3 $0.14 $0.03 Over Valued
IMA Exploration IMR V.IMR   V.IMR.wt.A 21-Mar-10 $3.80 1 7.50 $0.75 -$3.05 53.3 $0.10 $0.03 Over Valued
International Minerals Corp IMZLF.pk T.IMZ   T.IMZ.wt 19-May-08 $6.88 1 7.65 $5.74 -$1.14 25.3 $0.75 $0.39 Over Valued
Ivanhoe Energy IVAN.pk T.IE   T.IE.wt 15-May-11 $2.93 1 2.53 $1.90 -$1.03 114.5 $0.75 $1.40 Undervalued
Jaguar Mining JAGNF.pk T.JAG   T.JAG.wt 31-Dec-07 $4.50 1 2.27 $6.80 $2.30 28.7 $3.00 $2.53 Over Valued
Katanga Mining KATFF.pk T.KAT   T.KAT.wt 20-Nov-11 $8.50 1 3.02 $6.80 -$1.70 27.8 $2.25 $1.68 Over Valued
Khan Resources KHRIF.pk T.KRI   T.KRI.wt 3-Aug-08 $1.90 1 1.60 $3.96 $2.06 71.1 $2.48 $2.40 Fair Value
Kinross KGC T.K KRSGF.pk T.K.wt 5-Dec-07 $15.00 3 4.43 $15.41 $0.14 23.4 $1.16 $0.61 Over Valued
Las Vegas From Home.com LVFHF.ob V.LVH   V.LVH.wt 13-May-07 $1.00 1 15.00 $0.30 -$0.70 91.7 $0.02 $0.00 Over Valued
MACCs Sustainable Yield   T.MYT-UN   T.MYT.wt 15-Feb-07 $8.64 1 143.00 $8.58 -$0.06 22.6 $0.06 $0.13 Undervalued
Medical Intelligence Tech   V.MIZ   V.MIZ.wt 28-Sep-07 $0.80 1 5.69 $0.74 -$0.06 51.0 $0.13 $0.11 Over Valued
Mesa Uranium Corp MSAUF.pk V.MZU   V.MZU.wt 21-Dec-07 $0.75 1 2.78 $0.50 -$0.25 153.3 $0.18 $0.22 Undervalued
Metallic Ventures Gold MTLVF.pk T.MVG   T.MVG.wt 17-Mar-09 $10.00 1 3.00 $1.65 -$8.35 23.8 $0.55 $0.00 Over Valued
Metallica Resources MRB T.MR  MRBWF.pk T.MR.wt 11-Dec-08 $3.10 1 2.31 $5.09 $1.99 31.2 $2.20 $2.33 Fair Value
Metallica Resources MRB T.MR   T.MR.wt.a 12-Dec-09 $5.50 1 ? $5.09 ? 31.2 ? $1.22 not trading
Metanor Resources MEAOF.pk V.MTO   V.MTO.wt 10-Nov-08 $0.55 1 ? $0.83 ? 90.8 ? $0.49 not trading
MGM Energy Corp   MGM long term MGX.WT 30-Sep-07 $6.00 1   $5.90 -$0.10 290.6 ? $4.50 not trading
MGM Energy Corp   MGM short term MGX.WT.A 16-Feb-07 $5.00 1 3.66 $5.90 $0.90 290.6 1.61 $1.73 Fair Value
Minco Silver MISVF.pk T.MSV   T.MSV.wt 18-May-08 $3.45 1 4.89 $2.74 -$0.71 17.3 $0.56 $0.06 Over Valued
Neo Material Tchnlgys Inc NEMFF.pk T.NEM   T.NEM.wt 31-Aug-08 $2.50 1 2.62 $3.28 $0.78 41.6 $1.25 $1.19 Fair Value
Nevsun Resources NSU T.NSU NSUWF.pk T.NSU.wt 29-Jun-08 $3.25 1 3.12 $2.78 -$0.47 45.5 $0.89 $0.51 Over Valued
Nevsun Resources NSU T.NSU   T.NSU.wt.a 25-Oct-08 $3.00 1 2.78 $2.78 -$0.22 45.5 $1.00 $0.67 Over Valued
New Gold Inc. NGD T.NGD   T.NGD.wt 29-Feb-08 $12.00 1 7.92 $8.71 -$3.29 35.9 $1.10 $0.51 Over Valued
Newstrike Resource   V.NR   V.NR.wt 25-Jul-07 $0.60 1 7.50 $0.45 -$0.15 41.8 $0.06 $0.01 Over Valued
Northern Orion Resources NTO T.NNO NTWWF.pk T.NNO.wt 29-May-08 $2.00 1 1.68 $4.45 $2.45 20.5 $2.65 $2.58 Fair Value
Northern Orion Resources NTO T.NNO  NTOWF.pk T.NNO.wt.a 17-Feb-10 $6.00 1 3.77 $4.45 -$1.55 20.5 $1.18 $0.40 Over Valued
NovaGold Resources NG T.NG NGRWF.pk T.NG.wt 1-Oct-08 $7.00 1 1.53 $19.43 $12.43 9.4 $12.70 $12.99 Fair Value
NovaGold Resources NG T.NG   T.NG.wt.A 7-Jan-08 $12.10 1 2.52 $19.43 $7.33 9.4 $7.70 $7.88 Fair Value
Opta Minerals Inc   T.OPM   T.OPM.wt 17-Feb-07 $5.00 1 62.50 $3.75 -$1.25 80.0 $0.06 $0.01 Over Valued
Pacific Stratus Energy PSELF.pk V.PSE   V.PSE.wt 20-Jul-07 $0.30 1 1.63 $8.09 $7.79 117.8 $4.95 $7.80 Undervalued
Palmarejo Silver & Gold PJOFF.pk V.PJO   V.PJO.wt 19-Oct-07 $12.50 1 12.87 $8.75 -$3.75 30.0 $0.68 $0.12 Over Valued
Pan American Silver PAAS T.PAA PAAWF.pk T.PAA.wt 20-Feb-08 $12.00 1 1.53 $33.61 $21.61 26.0 $22.00 $22.22 Fair Value
Peregrine Diamonds   T.PGD   T.PGD.wt 16-Jul-07 $7.00 1 6.74 $1.82 -$5.18 148.7 $0.27 $0.14 Over Valued
Petrolifera Petroleum Ltd
PRFPF.pk T.PDP   T.PDP.wt 3-May-07 $3.00 1 1.25 $17.48 $14.48 29.1 $14.00 $14.52 Fair Value
Prodtn Enhancement Group   T.WIS   T.WIS.wt 19-Apr-07 $3.00 2 26.25 $1.05 -$1.95 94.3 $0.02 $0.00 Over Valued
Rio Narcea Gold RNO T.RNG RNWTF.pk T.RNG.wt 11-Sep-08 $5.00 1 6.77 $3.25 -$1.75 91.9 $0.48 $1.12 Undervalued
S M T C Mfg Corp of Can SMTX T.SMX   T.SMX.wt 4-Mar-09 $9.25 1 65.00 $3.25 -$6.00 71.0 $0.05 $0.48 Undervalued
Silver Wheaton SLW T.SLW SLWWF.pk T.SLW.wt 5-Aug-09 $4.00 5 1.41 $12.59 $1.72 38.0 $1.78 $1.82 Fair Value
Silver Wheaton SLW T.SLW SLWAF.pk T.SLW.wt.a 30-Nov-09 $5.50 5 1.61 $12.59 $1.42 38.0 $1.56 $1.59 Fair Value
Silver Wheaton SLW T.SLW SLWBF.pk T.SLW.wt.b 22-Dec-10 $10.00 1 1.77 $12.59 $2.59 38.0 $7.10 $5.67 Over Valued
Silverstone Corporation SVRCF.pk V.SST   V.SST.wt 7-Jun-07 $1.80 1 6.40 $1.60 -$0.20 103.3 $0.25 $0.32 Undervalued
Silverwing Energy Inc SVWGF.pk T.SVW SVRWF.pk T.SVW.wt 22-Feb-08 $2.25 1 14.80 $0.74 -$1.51 149.9 $0.05 $0.24 Undervalued
Skye Resources SKRZF.pk T.SKR   T.SKR.wt 13-Mar-08 $12.36 1 5.00 $12.26 -$0.10 31.2 $2.45 $2.27 Fair Value
Southern Era Diamonds SDMFF.pk T.SDM SDMWF.pk T.SDM.wt 11-Nov-08 $2.00 1 5.33 $0.32 -$1.68 54.8 $0.06 $0.00 Over Valued
Spur Ventures SPVEF.pk T.SVU   T.SVU.wt 28-Jul-07 $2.00 1 8.33 $0.50 -$1.50 86.1 $0.06 $0.00 Over Valued
Stelco Inc SECNF.pk T.STE SECWF.pk T.STE.wt 31-Mar-13 $11.00 1 1.76 $21.60 $10.60 18.8 $12.25 $13.56 Undervalued
Strait Gold Corp   V.SRD   V.SRD.wt 25-Apr-08 $0.30 1 2.04 $0.53 $0.23 216.8 $0.26 $0.44 Undervalued
Tiomin Resources TMIRF.pk T.TIO   T.TIO.wt 7-Dec-07 $0.37 1 3.67 $0.11 -$0.26 231.3 $0.03 $0.06 Undervalued
Titan Uranium TUEFF.pk V.TUE   V.TUE.wt.A 21-Oct-07 $1.35 1 2.53 $2.28 $0.93 31.4 $0.90 $0.98 Fair Value
TORR Canada Inc TORFF.pk T.TOR   T.TOR.wt 2-Nov-09 $0.65 1 1.97 $0.75 $0.10 68.0 $0.38 $0.38 Fair Value
Tranzeo Wireless Tchnlgys TZWLF.pk T.TZT   T.TZT.wt 3-Apr-07 $2.50 1 6.15 $2.46 -$0.04 72.1 $0.40 $0.28 Over Valued
Uranium Participation URPTF.pk T.U URPTF.pk T.U.wt 10-May-07 $6.25 1 1.88 $13.53 $7.28 24.2 $7.20 $7.36 Fair Value
Uranium Participation URPTF.pk T.U URPZF.pk T.U.wt.a 15-Sep-08 $12.00 1 3.26 $13.53 $1.53 24.2 $4.15 $3.03 Over Valued
Urbana   T.URB   T.URB.wt 11-Jan-09 $3.75 1 5.08 $3.91 $0.16 18.6 0.77 $0.69 Over Valued
US Gold UXG T.UXG   T.UXG.wt 22-Feb-11 $11.75 1 3.10 $5.89 -$5.86 439.0 $1.90 $5.89 Undervalued
Welton Energy WLEYF.pk T.WLT   T.WLT.wt 4-Aug-07 $1.75 1 8.27 $0.91 -$0.84 31.3 $0.11 $0.00 Over Valued
Yamana Gold      AUY T.YRI AUYWF.pk T.YRI.wt.A 20-Nov-08 $2.50 1.66667 1.31 $15.75 $6.95 45.1 $7.21 $8.08 Undervalued
Yellow Pages Income Fund YLWPF.pk T.YLO-UN   T.YLO.wt 14-Dec-07 $17.50 1 259.00 $12.95 -$4.55 4.7 $0.05 $0.00 Over Valued

 

Top 10 with the highest leverage this week                                               

Yellow Pages IncomeFund                               
Envoy Communs Group Inc
MACCs Sustainable Yield
Golden Star Resources
S M T C Mfg Corp of Can
Opta Minerals Inc
Prodtn Enhancement Group
Fortress Base Metals
Decision Dynamics Tchnlgy
Las Vegas From Home.com

Top 10 best values based on numbers

Canadian Income Mgmt Tr
S M T C Mfg Corp of Can
Silverwing Energy Inc
Fortress Base Metals
US Gold
Colibri Resource Corp
Rio Narcea Gold
MACCs Sustainable Yield
Baffinland Iron Mns Corp
Tiomin Resources

 

Notes

(1) A total of 5,454,550 common share purchase warrants of Baffinland Iron Mines Corp. will be listed and posted for trading at the open on Wednesday, Jan. 31, 2007, under the following trading information:

(2) Aumega had a name change to Fortress Base Metals Corp and has consolidated shares on a basis of five old for one new.

 

The intrinsic value is market price of shares minus exercise price of warrant.

Fair market value is calculated using the American version of the black scholes calculations on volatility for the past month annualized.

Leverage is market price of shares divided by market price of warrant.

Comments are mine and fair value is 10% either way of the price of the warrant. Undervalued and overvalued are any warrant prices higher or lower and not a recommend to buy. As with any stock due diligence should be exercised before buying.

Good sites for US warrants are:

Amex Stock Warrants

NYSE Stock Warrants

Nasdaq Stock Warrants W

Nasdaq Stock Warrants Z

OTCBB Stock Warrants W

OTCBB Stock Warrants Z

thanks to http://www.equitywatcher.com/