Warrant Values as of December 21st, 2007 Merry Christmas to all and Best Wishes for a Prosperous New Year!!!
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| number of warrants trading, | Latest | Warrant | Symbol | Cdn Stock | Symbol | Warrant | Date | Price | Leverage | per | of | (Intrinsic | Volatility | Warrant | Market | Comments |
| company website and warrant PRs.) | Activity | CUSIP NO | Stock | Symbol | Warrant | Symbol | Cdn$ | Share | Common | Value) | Annualized | Price | Value | |||
| New Gold Inc. | T.NGD | 644535 11 4 | NGD | T.NGD | NGD.WT | 29-Feb-08 | $12.00 | 200 | 1 | 5 | -7 | 53.00% | 0.025 | $0.00 | Very Overvalued | |
| NovaGold Resources | T.NG | 66987E 13 1 | NG | T.NG | NG.WT.A | 07-Jan-08 | $12.10 | 134.17 | 1 | 8.05 | -4.05 | 284.90% | 0.06 | $0.91 | Bargain | |
| Central Sun Mining | T.CSM | 379462 11 2 | GLE | T.CSM | GLECW.pk | CSM.WT | 26-Nov-08 | $8.75 | 117 | 1 | 1.17 | -7.58 | 60.50% | 0.01 | $0.00 | Very Overvalued |
| Sentry Select Global Real Estate | T.GRE-UN | 81733G 12 4 | T.GRE-UN | GRE.WT | 31-Oct-09 | $10.25 | 69.29 | 1 | 9.7 | -0.55 | 25.00% | 0.14 | $1.54 | Bargain | ||
| Envoy Communs Group Inc | T.ECG | 29413B 11 3 | ECGI | T.ECG | ECG.WT | 20-Feb-09 | $9.00 | 56 | 5 | 2.8 | -6.2 | 43.30% | 0.01 | $0.00 | Very Overvalued | |
| Acuity Small Cap | T.ASF | 00509R 10 6 | T.ASF | ASF.WT | 15-Jan-10 | $12.00 | 50 | 1 | 7 | -5 | 65.60% | 0.14 | $1.66 | Bargain | ||
| Copernican British Banks Fund | T.CBB-UN | 21727V 11 7 | T.CBB-UN | CBB.WT | 14-Jun-10 | $10.00 | 41.79 | 1 | 5.85 | -4.15 | 59.20% | 0.14 | $1.40 | Bargain | ||
| Enervest Energy and Oil Sands | T.EOS.UN | 29276F 11 0 | T.EOS.UN | EOS.WT | 02-Oct-08 | $8.70 | 33.2 | 1 | 8.3 | -0.4 | 35.50% | 0.25 | $1.04 | Bargain | ||
| European Premium Dividend | T.EPD.UN | 29879E 11 4 | T.EPD.UN | EPD.WT | 12-Nov-10 | $10.00 | 31.67 | 1 | 9.5 | -0.5 | 40.30% | 0.3 | $2.94 | Bargain | ||
| Lateegra | V.LRG | 59318A 11 8 | LRGFF.pk | V.LRG | LRG.WT | 01-Dec-08 | $1.50 | 31 | 1 | 0.155 | -1.35 | 58.20% | 0.005 | $0.00 | Very Overvalued | |
| Skye Resources | T.SKR | 83081N 11 5 | SKRZF.pk | T.SKR | SKR.WT | 13-Mar-08 | $12.36 | 28.16 | 1 | 7.04 | -5.32 | 54.20% | 0.25 | $0.01 | Very Overvalued | |
| Medical Intelligence Tech | V.MIZ | 58458F 13 5 | V.MIZ | MIZ.WT.A | 20-Oct-08 | $0.85 | 26 | 1 | 0.39 | -0.46 | 179.80% | 0.015 | $0.17 | Bargain | ||
| Sentry Select Primary Metals | T.PME | 81733D 11 3 | T.PME | PME.WT | 30-Jun-09 | $12.00 | 24.15 | 1 | 6.28 | -5.72 | 58.20% | 0.26 | $0.71 | Bargain | ||
| I M A Exploration | V.IMR | 450913 11 6 | IMR | V.IMR | IMR.WT.A | 21-Mar-10 | $3.80 | 20.75 | 1 | 0.415 | -3.39 | 57.00% | 0.02 | $0.00 | Very Overvalued | |
| Canadian Income Mgmt Tr | T.CNM-UN | 13607T 11 4 | T.CNM-UN | CNM.WT | 28-Feb-12 | $2.60 | 20 | 1 | 0.3 | -2.3 | 238.40% | 0.015 | $0.29 | Bargain | ||
| Focused Global Trends Fund | T.FTF | 34416R 11 5 | T.FTF.UN | FTF.WT | 30-Jul-10 | $10.25 | 19.78 | 1 | 8.9 | -1.35 | 53.90% | 0.45 | $3.03 | Bargain | ||
| Focused Global Trends Fund | T.FTF | 34416R 11 5 | T.FTF.UN | FTF.WT | 30-Jan-09 | $10.25 | 19.78 | 1 | 8.9 | -1.35 | 53.90% | 0.45 | $1.74 | Bargain | ||
| Coalcorp Mining | T.CCJ | 190135 13 7 | CCJFF.pk | T.CCJ | CCJ.WT.A | 17-Aug-11 | $8.40 | 19.73 | 1 | 2.17 | -6.23 | 70.00% | 0.11 | $0.49 | Bargain | |
| WesternZagros Resources | V.WZR | 960008 11 8 | V.WZR | WZR.WT | 18-Jan-08 | $2.50 | 19.09 | 1 | 2.1 | -0.4 | 78.90% | 0.11 | $0.06 | Overvalued | ||
| International Nickel | T.INV | 465790 11 1 | T.INV | INV.WT | 18-Nov-08 | $2.25 | 16.6 | 1 | 0.83 | -1.42 | 79.40% | 0.05 | $0.05 | Fair Value | ||
| Front Street Resource Perf. Fund | T.FRE | 35902M 11 4 | T.FRE-UN | FRE.WT | 09-Nov-09 | $11.00 | 16.59 | 1 | 10.45 | -0.55 | 19.20% | 0.63 | $1.37 | Bargain | ||
| I C S Copper Systems Ltd | V.ICX | 449664 11 9 | V.ICX | ICX.WT | 04-May-09 | $1.30 | 14.4 | 1 | 0.72 | -0.58 | 116.10% | 0.05 | $0.27 | Bargain | ||
| Skye Resources | T.SKR | 83081N 13 1 | SKRZF.pk | T.SKR | SKR.WT.A | 26-Jan-09 | $15.13 | 14.08 | 1 | 7.04 | -8.09 | 54.20% | 0.5 | $0.29 | Overvalued | |
| Metallic Ventures Gold | T.MVG | 591253 12 5 | MTLVF.pk | T.MVG | MVG.WT | 17-Mar-09 | $10.00 | 13.67 | 1 | 2.05 | -7.95 | 55.70% | 0.15 | $0.01 | Very Overvalued | |
| Faircourt Gold Income | T.FGX | 30376T 11 7 | T.FGX | FGX.WT | 31-May-10 | $10.00 | 11.4 | 1 | 7.41 | -2.59 | 85.30% | 0.65 | $3.36 | Bargain | ||
| Faircourt Gold Income | T.FGX | 30376T 11 7 | T.FGX | FGX.WT | 30-Oct-09 | $10.00 | 11.4 | 1 | 7.41 | -2.59 | 85.30% | 0.65 | $2.85 | Bargain | ||
| Coalcorp Mining | T.CCJ | 190135 11 1 | CCJFF.pk | T.CCJ | CCJ.WT | 08-Feb-11 | $5.60 | 10.59 | 1 | 2.17 | -3.43 | 70.00% | 0.205 | $0.58 | Bargain | |
| Nevsun Resources | T.NSU | 64156L 13 5 | NSU | T.NSU | NSUWF.pk | NSU.WT | 29-Jun-08 | $3.25 | 10.09 | 1 | 2.22 | -1.03 | 58.40% | 0.22 | $0.12 | Overvalued |
| Fralex Therapeutics Inc | T.FXI | 49381E 11 3 | T.FXI | FXI.WT | 14-Feb-09 | $4.00 | 10 | 1 | 1 | -3 | 197.70% | 0.1 | $0.50 | Bargain | ||
| International Minerals Corp | T.IMZ | 460061 12 0 | IMZLF.pk | T.IMZ | IMZ.WT | 19-May-08 | $6.88 | 9.8 | 1 | 5.88 | -1 | 18.10% | 0.6 | $0.04 | Very Overvalued | |
| Oilsands Canada Corp | T.OCF | 678044 11 6 | T.OCF | OCF.WT | 31-Jul-10 | $10.25 | 9.74 | 1 | 9.74 | -0.51 | 35.50% | 1 | $2.61 | Bargain | ||
| Argenta Oil & Gas | V.AZA | 040109 11 8 | V.AZA | AZA.WT | 31-May-08 | $1.00 | 8.89 | 1 | 0.4 | -0.6 | 74.70% | 0.045 | $0.00 | Very Overvalued | ||
| Global Agribusiness Trust | T.AGB.UN | 37949D 11 5 | T.AGB.UN | AGB.WT | 30-Nov-10 | $10.00 | 8.82 | 1 | 9.7 | -0.3 | 27.50% | 1.1 | $2.39 | Bargain | ||
| Labrador Iron Mines | T.LIR | 505435 11 5 | T.LIR | LIR.WT | 03-Dec-09 | $5.00 | 8.75 | 1 | 3.5 | -1.5 | 37.40% | 0.4 | $0.42 | Fair Value | ||
| Strait Gold Corp | V.SRD | 86258R 11 6 | V.SRD | SRD.WT | 25-Apr-08 | $0.30 | 8.67 | 1 | 0.13 | -0.17 | 178.90% | 0.015 | $0.02 | Undervalued | ||
| Energentia Resources | V.ENR | 29268P 11 8 | V.ENR | ENR.WT | 14-Feb-09 | $0.75 | 8.5 | 1 | 0.17 | -0.58 | 67.90% | 0.02 | $0.00 | Very Overvalued | ||
| I M A Exploration | V.IMR | 449664 30 9 | IMR | V.IMR | IMR.WT | 14-Sep-09 | $3.45 | 8.3 | 1 | 0.415 | -3.04 | 57.00% | 0.05 | $0.00 | Very Overvalued | |
| Grande Cache Coal Corp | T.GCE | 38655X 11 3 | T.GCE | GCE.WT.A | 11-Aug-08 | $1.60 | 8.2 | 1 | 1.23 | -0.37 | 75.50% | 0.15 | $0.20 | Undervalued | ||
| Sprott Molybdenum Part. Corp. | T.MLY | 852067 11 5 | T.MLY | MLY.WT | 16-Apr-09 | $7.50 | 8.06 | 1 | 4.35 | -3.15 | 54.00% | 0.54 | $0.43 | Overvalued | ||
| Avnel Gold Mining | T.AVK | G0683R 12 3 | T.AVK | AVK.WT | 30-Jun-10 | $1.06 | 7.33 | 1 | 0.44 | -0.62 | 83.80% | 0.06 | $0.14 | Bargain | ||
| Silverwing Energy Inc | T.SVW | 83149P 11 0 | SVWGF.pk | T.SVW | SVW.WT | 22-Feb-08 | $2.25 | 6.8 | 1 | 0.17 | -2.08 | 141.30% | 0.025 | $0.00 | Very Overvalued | |
| D P F India Opportunities Fund | T.DPF | 26138Y 11 3 | T.DPF-UN | DPF.WT | 13-Aug-10 | $12.50 | 6.64 | 1 | 9.3 | -3.2 | 22.70% | 1.4 | $0.88 | Overvalued | ||
| Salazar Resources | V.SRL | 794007 12 0 | V.SRL | SRL.WT.A | 31-May-09 | $4.00 | 6.6 | 1 | 1.65 | -2.35 | 112.10% | 0.25 | $0.50 | Bargain | ||
| First Majestic Silver Corp | TO.FR | 32076V 11 1 | FRMSF.pk | TO.FR | FR.WT | 10-Nov-08 | $6.50 | 6.57 | 1 | 4.27 | -2.23 | 41.20% | 0.65 | $0.18 | Very Overvalued | |
| Ascendant Copper Corp | T.ACX | 043503 11 9 | ASCPF.pk | T.ACX | ACX.WT | 21-Nov-10 | $2.50 | 6.5 | 1 | 0.195 | -2.31 | 93.20% | 0.03 | $0.02 | Overvalued | |
| Minco Silver | T.MSV | 60254C 12 6 | MISVF.pk | T.MSV | MSV.WT | 18-May-08 | $3.45 | 6.34 | 1 | 2.95 | -0.5 | 47.70% | 0.465 | $0.21 | Very Overvalued | |
| Bear Creek Mining | V.BCM | 07380N 14 6 | V.BCM | BCM.WT | 01-Aug-09 | $10.50 | 6.09 | 1 | 7 | -3.5 | 31.60% | 1.15 | $0.42 | Very Overvalued | ||
| Futura Loyalty Group | V.FUT | 373686 11 2 | V.FUT | FUT.WT | 01-Jan-08 | $1.10 | 6 | 1 | 0.03 | -1.07 | 390.60% | 0.005 | $0.00 | Very Overvalued | ||
| North American Palladium Ltd. | T.PDL | 656912 11 0 | PAL | T.PDL | PAL-WT | PDL.WT | 11-Dec-09 | $5.01 | 5.86 | 1 | 3.75 | -1.26 | 77.00% | 0.64 | $1.35 | Bargain |
| Redcorp Ventures | T.RDV | 757268 16 4 | T.RDV | RDV.WT | 10-Jul-09 | $0.65 | 5.8 | 1 | 0.29 | -0.36 | 105.60% | 0.05 | $0.09 | Bargain | ||
| Nevsun Resources | T.NSU | 64156L 15 0 | NSU | T.NSU | NSU.WT.A | 25-Oct-08 | $3.00 | 5.62 | 1 | 2.22 | -0.78 | 58.40% | 0.395 | $0.27 | Overvalued | |
| High River Gold Mines | T.HRG | 42979J 15 6 | T.HRG | HRG.WT | 08-Nov-10 | $4.00 | 5.42 | 1 | 2.82 | -1.18 | 48.40% | 0.52 | $0.72 | Undervalued | ||
| Uranium Participation | T.U | 917017 12 1 | URPTF.pk | T.U | URPZF.pk | U.WT.A | 15-Sep-08 | $12.00 | 5.33 | 1 | 10.77 | -1.23 | 45.90% | 2.02 | $1.40 | Overvalued |
| Uranium Focused | T.UF-UN | 917001 12 5 | T.UF-UN | UF.WT | 15-Dec-09 | $8.00 | 5.28 | 1 | 6.86 | -1.14 | 31.70% | 1.3 | $1.11 | Overvalued | ||
| Fortune Minerals | T.FT | 34967D 13 5 | FTMDF.pk | T.FT | FT.WT | 26-Jul-09 | $3.75 | 5.09 | 1 | 1.78 | -1.97 | 53.50% | 0.35 | $0.15 | Very Overvalued | |
| New Gold Inc. | T.NGD | 644535 12 2 | NGD | T.NGD | NGD.WT.A | 28-Jun-17 | $15.00 | 5 | 1 | 5 | -10 | 53.00% | 1 | $2.35 | Bargain | |
| Rye Patch Gold | V.RPM | 783727 11 8 | V.RPM | RPM.WT | 19-Jul-09 | $0.75 | 5 | 1 | 0.35 | -0.4 | 154.80% | 0.07 | $0.19 | Bargain | ||
| Markland AGF Precious Metals | T.MPM | 570655 11 8 | T.MPM-UN | MPM.WT | 10-Jul-10 | $10.25 | 4.94 | 1 | 7.9 | -2.35 | 15.60% | 1.6 | $0.46 | Very Overvalued | ||
| Iamgold (3) | T.IMG | 459875 11 8 | IAG | T.IMG | IMG.WT | 12-Aug-08 | $8.93 | 4.91 | 1 | 8.07 | -0.86 | 48.30% | 0.69 | $0.43 | Overvalued | |
| Australian Solomons Gold | T.SGA | Q8271C 11 8 | T.SGA | SGA.WT | 28-Aug-08 | $1.71 | 4.89 | 1 | 0.66 | -1.05 | 75.60% | 0.135 | $0.02 | Very Overvalued | ||
| Great Basin | T.GBG | 45107L 11 8 | GBN | T.GBG | GBG.WT | 17-Apr-09 | $3.50 | 4.89 | 1 | 2.64 | -0.86 | 77.70% | 0.54 | $0.74 | Undervalued | |
| EarthFirst | T.EF | 27032L 11 6 | T.EF | EF.WT | 11-Dec-09 | $2.60 | 4.72 | 1 | 1.84 | -0.76 | 35.00% | 0.39 | $0.21 | Overvalued | ||
| Primary Petroleum | V.PIE | 74161X 11 5 | V.PIE | PIE.WT | 18-Sep-09 | $1.35 | 4.62 | 1 | 0.6 | -0.75 | 66.50% | 0.13 | $0.09 | Overvalued | ||
| Dundee Precious Metals | T.DPM | 265269 12 6 | T.DPM | DPM.WT | 29-Jun-12 | $15.00 | 4.61 | 1 | 6.92 | -8.08 | 21.10% | 1.5 | $0.24 | Very Overvalued | ||
| Bordeaux Energy | V.BDO | 099535 11 4 | BDOXF.pk | V.BDO | BDO.WT | 06-Aug-08 | $0.90 | 4.5 | 1 | 0.135 | -0.77 | 62.60% | 0.03 | $0.00 | Very Overvalued | |
| Geovic Mining Corp | T.GMC | 377903 14 1 | GVCM.pk | T.GMC | GMC.WT.B | 27-Apr-12 | $5.00 | 4.49 | 1 | 1.66 | -3.34 | 120.10% | 0.37 | $1.14 | Bargain | |
| Global Uranium | T.GUR | 380680 11 6 | T.GUR | GUR.WT | 30-Jun-10 | $10.25 | 4.38 | 1 | 5.91 | -4.34 | 69.80% | 1.35 | $1.82 | Undervalued | ||
| Urbana | T.URB | 91707P 11 7 | T.URB | URB.WT | 11-Jan-09 | $3.75 | 4.35 | 1 | 5.4 | 1.65 | 50.30% | 1.24 | $2.12 | Bargain | ||
| Quadra Mining | T.QUA | 747319 11 9 | QADMF.pk | T.QUA | QUA.WT | 08-May-10 | $20.00 | 4.27 | 1 | 17.3 | -2.7 | 54.20% | 4.05 | $5.54 | Undervalued | |
| Etruscan Resources | T.EET | 29786L 14 4 | T.EET | EET.WT | 02-Nov-10 | $4.00 | 4.26 | 1 | 2.13 | -1.87 | 65.20% | 0.5 | $0.61 | Undervalued | ||
| Stingray Resources | T.SRY | 860838 11 9 | SGYRF.pk | T.SRY | SRY.WT | 24-Apr-09 | $1.80 | 4.23 | 1 | 0.74 | -1.06 | 62.50% | 0.175 | $0.05 | Very Overvalued | |
| U S Gold | T.UXG | 912023 11 6 | UXG | T.UXG | UXG.WT | 22-Feb-11 | $9.91 | 4.21 | 1 | 3.2 | -6.71 | 77.50% | 0.76 | $0.92 | Undervalued | |
| Urbana | T.URB | 91707P 12 5 | T.URB | URB.WT.A | 12-Jul-09 | $3.75 | 4.15 | 1 | 5.4 | 1.65 | 50.30% | 1.3 | $2.33 | Bargain | ||
| Pinetree Capital | T.PNP | 723330 12 2 | PNPFF.pk | T.PNP | PNP.WT | 16-Apr-12 | $15.00 | 3.91 | 1 | 4.69 | -10.31 | 79.30% | 1.2 | $1.89 | Bargain | |
| S M T C Mfg Corp of Can | T.SMX | 78458Q 12 1 | SMTX | T.SMX | SMX.WT | 04-Mar-09 | $9.25 | 3.76 | 5 | 1.41 | -7.84 | 120.30% | 0.075 | $0.03 | Very Overvalued | |
| Dynamite Resources | V.DNR | 26806Q 11 1 | V.DNR | DNR.WT | 17-Aug-09 | $1.00 | 3.71 | 1 | 0.315 | -0.69 | 76.70% | 0.085 | $0.04 | Very Overvalued | ||
| Blue Sky Uranium | V.BSK | 096049 11 9 | V.BSK | BSK.WT | 23-Mar-09 | $1.30 | 3.67 | 1 | 0.55 | -0.75 | 109.00% | 0.15 | $0.14 | Fair Value | ||
| Visible Gold Mines | V.VGD | 92834E 11 6 | V.VGD | VGD.WT | 17-Jul-09 | $0.50 | 3.53 | 1 | 0.3 | -0.2 | 73.90% | 0.085 | $0.07 | Overvalued | ||
| RailPower | T.P | 750758 11 2 | T.P | P.WT | 12-Feb-10 | $1.25 | 3.5 | 1 | 0.315 | -0.94 | 79.50% | 0.09 | $0.05 | Overvalued | ||
| Metrobridge Networks | V.MEB | 59165A 11 2 | V.MEB | MEB.WT | 26-Jul-09 | $0.65 | 3.33 | 1 | 0.3 | -0.35 | 138.30% | 0.09 | $0.14 | Bargain | ||
| Goldcorp | T.G | 390124 11 3 | GG | T.G | GG-WT | G.WT.G | 09-Jun-11 | $45.75 | 3.3 | 1 | 32.08 | -13.67 | 32.50% | 9.71 | $5.95 | Overvalued |
| Baffinland Iron Mns Corp | T.BIM | 056620 11 5 | T.BIM | BIM.WT | 31-Jan-12 | $5.50 | 3.29 | 1 | 4.28 | -1.22 | 79.20% | 1.3 | $2.46 | Bargain | ||
| Eastern Platinum Limited | T.ELR | 276855 11 1 | ELRFF.pk | T.ELR | ELR.WT | 25-Apr-08 | $2.00 | 3.29 | 1 | 2.57 | 0.57 | 43.60% | 0.78 | $0.65 | Overvalued | |
| Salazar Resources | V.SRL | 794007 11 2 | V.SRL | SRL.WT | 19-Mar-09 | $1.50 | 3.24 | 1 | 1.65 | 0.15 | 112.10% | 0.51 | $0.84 | Bargain | ||
| Ivanhoe Energy | T.IE | G5221G 11 7 | IVAN.pk | T.IE | IE.WT | 15-May-11 | $2.93 | 3.18 | 1 | 1.59 | -1.34 | 65.10% | 0.5 | $0.54 | Fair Value | |
| Kinross (3) | T.K | 51818R 11 3 | KGC | T.K | K.WT.B | 07-Sep-11 | $22.49 | 3.15 | 1 | 17.99 | -4.5 | 55.80% | 2.54 | $3.26 | Undervalued | |
| Olympus Pacific Minerals Inc | T.OYM | 68162Q 11 1 | OLYMF.pk | T.OYM | OYM.WT | 31-Jul-09 | $0.90 | 3.08 | 1 | 0.4 | -0.5 | 71.90% | 0.13 | $0.06 | Very Overvalued | |
| Eastern Platinum Limited | T.ELR | 276855 12 9 | ELRFF.pk | T.ELR | ELR.WT.A | 28-Mar-09 | $1.80 | 3.06 | 1 | 2.57 | 0.77 | 43.60% | 0.84 | $1.00 | Undervalued | |
| M D N Inc | T.MDN | 31943B 12 6 | T.MDN | MDN.WT | 14-Jan-09 | $1.00 | 3.06 | 1 | 0.98 | -0.02 | 78.70% | 0.32 | $0.32 | Fair Value | ||
| Gold Point Energy Corp | V.GPE | 380956 17 7 | V.GPE | GPE.WT | 29-Dec-08 | $0.50 | 3 | 1 | 0.12 | -0.38 | 145.00% | 0.04 | $0.03 | Overvalued | ||
| Ivory Energy | V.IV | 46589L 11 3 | V.IV | IV.WT | 18-Jul-12 | $1.00 | 3 | 1 | 0.6 | -0.4 | 98.80% | 0.2 | $0.40 | Bargain | ||
| Palo Duro Energy | V.PDE | 69744M 11 5 | V.PDE | PDE.WT | 23-Mar-09 | $0.50 | 3 | 1 | 0.075 | -0.43 | 183.00% | 0.025 | $0.03 | Undervalued | ||
| TSO3 Inc | T.TOS | 873015 13 5 | T.TOS | TOS.WT | 09-Mar-09 | $3.00 | 3 | 1 | 2.7 | -0.3 | 48.00% | 0.9 | $0.53 | Overvalued | ||
| Bankers Petroleum | T.BNK | 066286 12 1 | T.BNK | BNK.WT.A | 01-Mar-12 | $0.90 | 2.95 | 1 | 0.84 | -0.06 | 61.10% | 0.285 | $0.43 | Bargain | ||
| Peak Gold | V.PIK | 70468J 11 4 | V.PIK | PIK.WT | 03-Apr-12 | $1.50 | 2.94 | 1 | 0.485 | -1.02 | 73.30% | 0.165 | $0.17 | Fair Value | ||
| Bankers Petroleum | T.BNK | 066286 11 3 | BNKFF.pk | T.BNK | BNK.WT | 10-Nov-09 | $0.95 | 2.8 | 1 | 0.84 | -0.11 | 61.10% | 0.3 | $0.27 | Fair Value | |
| Yamana Gold (3) | T.YRI | 98462Y 16 7 | AUY | T.YRI | YRI.WT.C | 17-Feb-10 | $11.05 | 2.8 | 1 | 12.27 | 1.22 | 50.40% | 2.38 | $2.48 | Fair Value | |
| European Minerals Corp | T.EPM | G3192Y 11 8 | EPMCF.pk | T.EPM | EPM.WT | 23-Dec-08 | $1.19 | 2.65 | 1 | 1.3 | 0.11 | 62.10% | 0.49 | $0.39 | Overvalued | |
| Petro Rubiales Energy | V.PEG | 71646Q 11 1 | V.PEG | PEG.WT | 12-Jul-12 | $1.30 | 2.64 | 1 | 1.2 | -0.1 | 56.00% | 0.455 | $0.60 | Undervalued | ||
| T O R R Canada Inc | T.TOR | 891326 11 8 | TORFF.pk | T.TOR | TOR.WT | 02-Nov-09 | $0.65 | 2.58 | 1 | 0.335 | -0.32 | 86.40% | 0.13 | $0.10 | Overvalued | |
| Bioniche Life Sciences Inc | T.BNC | 09063P 12 5 | T.BNC | BNC.WT | 13-Mar-09 | $1.40 | 2.57 | 1 | 0.9 | -0.5 | 160.50% | 0.35 | $0.50 | Undervalued | ||
| TriNorth Capital Inc. | T.TRT | 896677 11 9 | T.TRT | TRT.WT | 10-Oct-10 | $0.24 | 2.57 | 1 | 0.18 | -0.06 | 111.60% | 0.07 | $0.11 | Bargain | ||
| Mega Uranium | T.MGA | 58516W 12 0 | T.MGA | MGA.WT.A | 06-Jun-12 | $7.00 | 2.56 | 1 | 3.33 | -3.67 | 76.40% | 1.3 | $1.57 | Undervalued | ||
| NovaGold Resources | T.NG | 66987E 11 5 | NG | T.NG | NGRWF.pk | NG.WT | 01-Oct-08 | $7.00 | 2.56 | 1 | 8.05 | 1.05 | 284.90% | 3.14 | $6.53 | Bargain |
| Distinction Group | T.GD | 254742 11 7 | T.GD | GD.WT | 30-Sep-09 | $2.10 | 2.5 | 1 | 3.5 | 1.4 | 66.10% | 1.4 | $1.91 | Undervalued | ||
| Mega Uranium | T.MGA | 58516W 11 2 | T.MGA | MGA.WT | 12-Feb-12 | $6.00 | 2.49 | 1 | 3.33 | -2.67 | 76.40% | 1.34 | $1.61 | Undervalued | ||
| Yukon-Nevada Gold | T.YNG | 98849Q 11 9 | YNGFF | T.YNG | YNG.WT | 20-Jun-12 | $3.00 | 2.45 | 1 | 1.35 | -1.65 | 47.80% | 0.55 | $0.32 | Overvalued | |
| Ascendant Copper Corp | T.ACX | 043503 12 7 | ASCPF.pk | T.ACX | ACX.WT.A | 22-Jun-09 | $0.65 | 2.44 | 1 | 0.195 | -0.46 | 93.20% | 0.08 | $0.03 | Very Overvalued | |
| Stornoway Diamonds | T.SWY | 86222Q 12 9 | SWYDF.pk | T.SWY | SWY.WT | 12-Apr-09 | $1.50 | 2.44 | 1 | 0.61 | -0.89 | 48.20% | 0.25 | $0.01 | Very Overvalued | |
| Metallica Resources | T.MR | 59125J 12 0 | MRB | T.MR | MRBWF.pk | MR.WT | 11-Dec-08 | $3.10 | 2.4 | 1 | 5.27 | 2.17 | 71.30% | 2.2 | $2.64 | Undervalued |
| Mines Management (1) | T.MGT | 603432 11 3 | T.MGT | MGT.WT.U | 20-Apr-12 | $5.70 | 2.35 | 1 | 3.33 | -2.37 | 70.70% | 1.42 | $1.58 | Undervalued | ||
| High Desert Gold Corp | T.HDG | 42965Y 11 8 | T.HDG | HDG.WT | 17-Oct-09 | $0.65 | 2.29 | 1 | 0.39 | -0.26 | 54.00% | 0.17 | $0.06 | Very Overvalued | ||
| Khan Resources | T.KRI | 496902 13 1 | KHRIF.pk | T.KRI | KRI.WT | 03-Aug-08 | $1.90 | 2.27 | 1 | 1.68 | -0.22 | 125.60% | 0.74 | $0.59 | Overvalued | |
| Terrane Metals | V.TRX | 88103A 11 6 | V.TRX | TRX.WT | 21-Jun-12 | $0.85 | 2.22 | 1 | 0.41 | -0.44 | 103.30% | 0.185 | $0.27 | Undervalued | ||
| Baja Mining Corp | T.BAJ | 05709R 11 1 | BAJFF.pk | T.BAJ | BAJ.WT | 13-Apr-09 | $1.15 | 2.21 | 1 | 1.77 | 0.62 | 39.70% | 0.8 | $0.75 | Fair Value | |
| Chesapeake Gold | V.CKG | 165184 11 0 | CHPGF.pk | V.CKG | CKG.WT | 23-Feb-12 | $8.00 | 2.18 | 1 | 8.15 | 0.15 | 24.90% | 3.74 | $2.56 | Overvalued | |
| Endeavour Mining Cap | T.EDV | G3040R 12 5 | EDVMF.pk | T.EDV | EDVWF.pk | EDV.WT | 10-Nov-08 | $5.50 | 2.12 | 1 | 8.24 | 2.74 | 32.00% | 3.89 | $3.07 | Overvalued |
| Neo Material Tchnlgys Inc | T.NEM | 64045Y 11 6 | NEMFF.pk | T.NEM | NEM.WT | 31-Aug-08 | $2.50 | 2.12 | 1 | 4.89 | 2.39 | 34.90% | 2.31 | $2.49 | Fair Value | |
| Breakwater Resources | T.BWR | 106902 15 8 | BWLRF.ob | T.BWR | BWLWF.pk | BWR.WT | 28-Jan-09 | $1.00 | 2.08 | 1 | 1.75 | 0.75 | 87.10% | 0.84 | $0.97 | Undervalued |
| Erdene Gold | T.ERD | 29480Q 11 8 | ERDGF.pk | T.ERD | ERD.WT | 15-Jun-09 | $1.60 | 2.08 | 1 | 1.02 | -0.58 | 72.00% | 0.49 | $0.23 | Very Overvalued | |
| Geovic Mining Corp | T.GMC | 373686 12 0 | GVCM.pk | T.GMC | GVCMW.pk | GMC.WT | 03-Nov-11 | $2.75 | 2.08 | 1 | 1.66 | -1.09 | 120.10% | 0.8 | $1.21 | Bargain |
| Geovic Mining Corp | T.GMC | U37397 11 1 | GVCM.pk | T.GMC | GMC.WT.A | 06-Mar-12 | $3.00 | 2.08 | 1 | 1.66 | -1.34 | 120.10% | 0.8 | $1.23 | Bargain | |
| First Capital Realty | T.FCR | 35168Q 11 4 | FCRGF.pk | T.FCR | FCR.WT | 31-Aug-08 | $11.80 | 2.05 | 1 | 24.55 | 12.75 | 17.70% | 12 | $13.21 | Fair Value | |
| Silver Wheaton | T.SLW | 828336 13 1 | SLW | T.SLW | SLWBF.pk | SLW.WT.B | 22-Dec-10 | $10.00 | 2.02 | 1 | 16.39 | 6.39 | 60.20% | 8.1 | $9.77 | Undervalued |
| European Minerals Corp | T.EPM | G3192Y 14 2 | EPMCF.pk | T.EPM | EPMJF.pk | EPM.WT.B | 21-Mar-11 | $1.55 | 2 | 1 | 1.3 | -0.25 | 62.10% | 0.65 | $0.55 | Overvalued |
| European Minerals Corp | T.EPM | G3192Y 12 6 | EPMCF.pk | T.EPM | EPMWF.pk | EPM.WT.A | 11-Apr-10 | $1.20 | 1.97 | 1 | 1.3 | 0.1 | 62.10% | 0.66 | $0.56 | Overvalued |
| Katanga Mining | T.KAT | 49373T 12 8 | KATFF.pk | T.KAT | KAT.WT | 20-Nov-11 | $8.50 | 1.85 | 1 | 16 | 7.5 | 52.70% | 8.65 | $10.39 | Undervalued | |
| Equinox Minerals | T.EQN | 29445L 11 3 | T.EQN | EQN.WT | 06-May-08 | $2.30 | 1.75 | 1 | 5.35 | 3.05 | 88.00% | 3.06 | $3.14 | Fair Value | ||
| Thompson Creek Metals | T.TCM | 884768 11 0 | BLEFF.pk | T.TCM | TCM.WT | 27-Oct-11 | $9.00 | 1.75 | 1 | 17.48 | 8.48 | 74.70% | 10 | $12.68 | Undervalued | |
| Mercator Minerals Ltd | T.ML | 587582 11 5 | T.ML | ML.WT | 16-Feb-12 | $4.00 | 1.62 | 1 | 8.9 | 4.9 | 58.60% | 5.5 | $6.36 | Undervalued | ||
| Pan American Silver | T.PAA | 697900 12 4 | PAAS | T.PAA | PAAWF.pk | PAA.WT | 20-Feb-08 | $12.00 | 1.57 | 1 | 32.93 | 20.93 | 51.30% | 20.99 | $21.04 | Fair Value |
| Silvercorp Metals (2) | T.SVM | 82835P 11 1 | T.SVM | SVM.WT | 26-Oct-08 | $24.00 | 1.57 | 1 | 26.82 | 2.82 | 62.90% | 5.7 | $7.86 | Undervalued | ||
| Silver Wheaton | T.SLW | 828336 12 3 | SLW | T.SLW | SLWAF.pk | SLW.WT.A | 30-Nov-09 | $5.50 | 1.52 | 5 | 16.39 | 10.89 | 60.20% | 2.15 | $2.34 | Fair Value |
| Oromonte | V.ORR | 687083 11 3 | ORMOF.pk | V.ORR | ORR.WT | 17-Nov-08 | $0.75 | 1.45 | 1 | 0.145 | -0.61 | 79.00% | 0.1 | $0.00 | Very Overvalued | |
| Yamana Gold (3) | T.YRI | 98462Y 15 9 | AUY | T.YRI | YRI.WT.B | 29-May-08 | $3.68 | 1.44 | 1 | 12.27 | 8.59 | 50.40% | 4.62 | $4.71 | Fair Value | |
| Yamana Gold (3) | T.YRI | 98462Y 14 2 | AUY | T.YRI | AUYWF.pk | YRI.WT.A | 20-Nov-08 | $4.17 | 1.43 | 1 | 12.27 | 8.1 | 50.40% | 5.15 | $4.99 | Fair Value |
| Silver Wheaton | T.SLW | 828336 11 5 | SLW | T.SLW | SLWWF.pk | SLW.WT | 05-Aug-09 | $4.00 | 1.3 | 5 | 16.39 | 12.39 | 60.20% | 2.53 | $2.56 | Fair Value |
| Denison Mines (2) | T.DML | 248356 12 3 | DMLCF.pk | T.DML | DML.WT.A | 01-Mar-11 | $30.00 | 1.08 | 1 | 25.6 | -4.4 | 50.90% | 8.25 | $9.21 | Undervalued | |
| Denison Mines (2) | T.DML | 248356 11 5 | DMLCF.pk | T.DML | DML.WT | 24-Nov-09 | $15.00 | 0.72 | 1 | 25.6 | 10.6 | 50.90% | 12.35 | $13.42 | Fair Value | |
| Added Capital | V.LS | 00652R 11 9 | V.LS | LS.WT | 29-Nov-09 | $0.52 | na | 2 | 0.29 | -0.23 | 25.00% | 0 | $0.01 | No Trades Yet | ||
| Ceres Global Ag Corp | T.CRP | na | T.CRP | CRP.WT | na | na | na | 1 | nt | na | na | nt | nt | No Trades Yet | ||
| Creston Moly | V.CMS | 22626N 11 5 | V.CMS | CMS.WT | 09-May-10 | $0.90 | na | 1 | 0.42 | -0.48 | 25.00% | 0 | nt | No Trades Yet | ||
| VisionSky Corp | C.VSKY | 92833V 11 9 | C.VSKY | VSKY.WT | 22-Feb-10 | $0.65 | na | 1 | 0.15 | -0.5 | 176.80% | nt | $0.10 | No Trades Yet | ||
| Zazu Metals Corp | T.ZAZ | 989197 11 6 | T.ZAZ | ZAZ.WT | 19-Dec-12 | $2.25 | na | 1 | 1.5 | -0.75 | 25.00% | 0 | $0.26 | No Trades Yet |
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Notes
1) MGT's warrants and trade in US funds. They have been converted to Cdn$ for calculations.
2) DML and SVM's share price has been adjusted to reflect multiple shares.
3) IMG.WT, K.WT.B, YRI.WT.B and YRI.WT.C's exercise price has been adjusted to reflect the multiple needed to exercise. The warrants to exercise has been adjusted also. Please click on the company name to read press release for exact terms.
The intrinsic value is market price of shares minus exercise price of warrant.
Fair market value is calculated using the Binominal American calculations on *historic volatility for the past month annualized.
Leverage is market price of shares divided by market price of warrant.
*Historic volatility is the deviation of the stock price over a one month, multiplied by (262 days) to produce an annualized volatility level.A volatile market therefore has a larger standard deviation of stock price and therefore gives the warrants a higher value. High volatility mayshow a reversal in a trend or could be a reaction to news put out by the company. High volatility can cause sharp price reversals.
***All comments are based on calculations alone and not a recommendation to buy. Fair is 10% either way, undervalued is 11% - 50%, bargain over 50%. Overvalued is 11% - 50% over and very over valued is over 50%.
Good sites for US warrants are:
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