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Warrant Sheets for Companies as ofAug 12th, 2011***opinions based on calculations only**** |
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| Stocks in | 1 Month | ||||||||||||||||||||
| Valuing Warrants | Companies with | 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 | RBN.WT.A | 25-Aug-11 | FNV.WT.A | -33.19 | CCP.WT | 4586 | CCP.WT | 0.005 | PCT.WT | 237.4% | CCP.WT | 0.005 | $0.55 | Bargain | ||||||
| The last day the warrants | Adherex Technologies | GTE.WT | 28-Aug-11 | FNV.WT.B | -22.46 | RF.WT | 3940 | SIN.WT | 0.005 | NQ.WT | 213.4% | SIN.WT | 0.005 | $0.45 | Bargain | ||||||
| can be exercised. If | Agnico-Eagle | K.WT.B | 7-Sep-11 | K.WT.C | -16.51 | CMT.WT | 3598 | CTF.WT | 0.005 | AHX.WT | 196.9% | PIC.WT | 0.01 | $0.80 | Bargain | ||||||
| warrants aren't being | Ainsworth Lumber Co Ltd | PGM.WT | 11-Sep-11 | PNP.WT | -13.21 | SIN.WT | 2590 | CNM.WT | 0.005 | NTC.WT | 178.2% | MOB.WT | 0.01 | $0.53 | Bargain | ||||||
| exercised then they | Air Canada cl A | SIN.WT | 15-Sep-11 | XMF.WT.A | -12.3 | RBN.WT.A | 2104 | PPF.WT | 0.005 | XMF.WT.A | 173.7% | CTF.WT | 0.005 | $0.19 | Bargain | ||||||
| must be sold the day | Air Canada cl B | GPF.WT.A | 15-Sep-11 | YCM.WT.A | -11.78 | PPF.WT | 1542 | CCJ.WT.B | 0.005 | REC.WT | 166.6% | CNM.WT | 0.005 | $0.19 | Bargain | ||||||
| before the expiry date. | Andina Minerals Inc | BAA.WT | 17-Sep-11 | ANS.WT | -9.8 | PIC.WT | 1100 | RBN.WT.A | 0.005 | PAU.WT | 163.5% | XYM.WT | 0.01 | $0.32 | Bargain | ||||||
| The longer the time to | Argonaut Gold Ltd | EIT.WT.A | 20-Sep-11 | TMB.WT | -8.75 | XYM.WT | 1019 | RF.WT | 0.005 | CMT.WT | 143.0% | PPF.WT | 0.005 | $0.16 | Bargain | ||||||
| expiry the more | ARISE Technologies Corp | IVA.WT | 20-Sep-11 | CCJ.WT.A | -7.16 | CTF.WT | 992 | KAT.WT | 0.005 | CNM.WT | 141.0% | GCI.WT | 0.025 | $0.68 | Bargain | ||||||
| valuable the warrants. | ARISE Technologies Corp | CMT.WT | 25-Sep-11 | DPM.WT | -7 | EIT.WT.A | 940 | RML.WT | 0.005 | CCJ.WT.B | 133.9% | EIT.WT.A | 0.015 | $0.32 | Bargain | ||||||
| Astral Mining Corp | AVL.WT | 30-Sep-11 | KAT.WT | -6.79 | GMF.WT | 510 | XMF.WT.A | 0.005 | KAT.WT | 131.4% | HGI.WT | 0.08 | $0.98 | Bargain | |||||||
| Leverage | Augen Gold Cor | RF.WT | 30-Sep-11 | K.WT.B | -6.02 | GCI.WT | 379.2 | CMT.WT | 0.005 | WLT.WT | 130.7% | HCF.WT | 0.075 | $0.90 | Bargain | ||||||
| The leverage of a warrant | Avalon Rare Metals Inc | CLQ.WT | 30-Sep-11 | MGA.WT.A | -5.12 | K.WT.B | 275.54 | FEI.WT.A | 0.005 | AA.WT | 129.8% | LQD.WT | 0.055 | $0.54 | Bargain | ||||||
| is a measure of how much | Bankers Petroleum | FEI.WT.A | 30-Sep-11 | NGD.WT.A | -5.01 | KAT.WT | 268 | GMC.WT | 0.005 | LRT.WT.A | 122.3% | LRT.WT.A | 0.04 | $0.28 | Bargain | ||||||
| you can increase your | Banro Corp | EDR.WT | 7-Oct-11 | NGD.WT.B | -4.72 | CNM.WT | 216 | GMC.WT.A | 0.005 | LRT.WT | 122.3% | CCJ.WT.B | 0.005 | $0.03 | Bargain | ||||||
| exposure to a share if | Bennett Environmental Inc | GMF.WT | 14-Oct-11 | K.WT.D. | -4.71 | URB.WT.B | 200 | GTE.WT | 0.005 | MOB.WT | 120.2% | RBN.WT.A | 0.005 | $0.03 | Bargain | ||||||
| you bought warrants | Blue Ribbon | TID.WT | 16-Oct-11 | MGA.WT | -4.05 | HCF.WT | 156.67 | URB.WT.B | 0.005 | FRN.WT | 117.6% | CVZ.WT | 0.08 | $0.32 | Bargain | ||||||
| instead of making a | Breakwater Resources | VGZ.WT.S | 22-Oct-11 | GMC.WT.B | -3.97 | GTE.WT | 141.47 | PIC.WT | 0.01 | PTA.WT | 117.2% | ANS.WT | 0.1 | $0.38 | Bargain | ||||||
| direct investment. It is | Brick Group | TCM.WT | 27-Oct-11 | PNP.WT.A | -3.85 | MOB.WT | 131 | MOB.WT | 0.01 | PTA.WT.A | 117.2% | WAI.WT | 0.035 | $0.10 | Bargain | ||||||
| calculated dividing the | Bridgeport Ventures Inc | PDL.WT.B | 28-Oct-11 | P.WT | -3.82 | GPF.WT.A | 123.14 | XYM.WT | 0.01 | TFA.WT.A | 116.1% | IVA.WT | 0.02 | $0.06 | Bargain | ||||||
| current share price by | Bridgeport Ventures Inc | XYM.WT | 31-Oct-11 | RML.WT | -3.77 | PNP.WT | 119.33 | REC.WT | 0.01 | SFF.WT | 115.5% | GMF.WT | 0.02 | $0.06 | Bargain | ||||||
| the current price of the | Brigus Gold Corp | CCP.WT | 2-Nov-11 | GTE.WT | -3.67 | IVA.WT | 113 | GMC.WT.B | 0.01 | RML.WT | 112.5% | GPF.WT.A | 0.105 | $0.30 | Bargain | ||||||
| warrant. | Brigus Gold Corp | GCM.WT.A | 3-Nov-11 | MGT.WT.U | -3.67 | HGI.WT | 108.88 | MGA.WT | 0.01 | LQD.WT | 112.2% | LPK.WT | 0.16 | $0.44 | Bargain | ||||||
| Brixton Metals | GMC.WT | 3-Nov-11 | NBD.WT | -3.63 | OUS.WT | 85.33 | EIT.WT.A | 0.015 | IVA.WT | 110.6% | LRT.WT | 0.1 | $0.24 | Bargain | |||||||
| Intrinsic Value | C A Bancorp Cdn Rlty Fin Corp | TAO.WT | 5-Nov-11 | NOT.WT | -3.48 | GMC.WT | 56 | AHX.WT | 0.015 | AVL.WT | 108.3% | PAK.WT | 0.12 | $0.29 | Bargain | ||||||
| The difference between | Calvista Gold Corp. | URB.WT.B | 10-Nov-11 | RF.WT | -3.47 | GMC.WT.A | 56 | VZX.WT | 0.015 | TID.WT | 107.6% | PYC.WT | 0.28 | $0.67 | Bargain | ||||||
| the exercise price and | Canada Lithium Corp. | TXG.WT | 12-Nov-11 | PVG.WT | -3.29 | TMB.WT | 54.17 | PNP.WT | 0.015 | WAI.WT | 105.5% | OUS.WT | 0.09 | $0.21 | Bargain | ||||||
| the actual trading price | Canadian Income Mgmt Tr | KAT.WT | 20-Nov-11 | PDL.WT.B | -3.06 | YCM.WT.A | 48 | YCM.WT.A | 0.015 | YCM.WT.A | 101.7% | PCT.WT | 0.035 | $0.08 | Bargain | ||||||
| of the common stock. | Canadian Western Bank | PPF.WT | 30-Nov-11 | CCP.WT | -2.82 | XMF.WT.A | 40 | IVA.WT | 0.02 | ANS.WT | 101.2% | NTC.WT | 0.1 | $0.22 | Bargain | ||||||
| Once the common has | Canoe Go Canada Income Fund | HCF.WT | 30-Nov-11 | GMC.WT.A | -2.8 | CCJ.WT.B | 38 | GMF.WT | 0.02 | BBB.WT | 100.1% | TFA.WT.A | 0.055 | $0.12 | Bargain | ||||||
| gone over the exercise | Caza Gold Corp | REC.WT | 30-Nov-11 | FRO.WT | -2.72 | GCM.WT.A | 36.67 | YEL.WT | 0.02 | YEL.WT | 98.8% | FRN.WT | 0.15 | $0.29 | Bargain | ||||||
| price the warrants are | CC&L Conservative Income | CTF.WT | 2-Dec-11 | EMC.WT | -2.53 | PDL.WT.B | 34.4 | PMI.WT.A | 0.02 | VZX.WT | 98.2% | FEO.WT.A | 0.1 | $0.19 | Bargain | ||||||
| said to be 'in the money'. | Chesapeake Gold | FT.WT.A | 3-Dec-11 | YNG.WT | -2.52 | RML.WT | 30 | YNG.WT | 0.02 | PDL.WT.B | 98.1% | AHX.WT | 0.015 | $0.03 | Bargain | ||||||
| Citadel Income Fund | PIC.WT | 15-Dec-11 | PMD.WT | -2.47 | MGA.WT | 30 | GCM.WT.A | 0.02 | ILC.WT | 97.1% | NGD.WT.B | 0.05 | $0.09 | Bargain | |||||||
| Volatility | Claude Resources | XRG.WT | 21-Dec-11 | GMC.WT | -2.4 | GMC.WT.B | 28 | MGA.WT.A | 0.02 | GLD.WT | 94.5% | GAA.WT | 0.64 | $1.17 | Bargain | ||||||
| The higher the volatility | CMP Gold Trust | MFL.WT | 31-Dec-11 | MB.WT | -2.32 | FNV.WT.B | 24.54 | GCI.WT | 0.025 | RED.WT | 94.3% | PWC.WT | 0.18 | $0.33 | Bargain | ||||||
| rating the higher the price | Coalcorp Mining | OUS.WT | 16-Jan-12 | CMP.WT.B | -2.31 | YNG.WT | 23.75 | ILC.WT | 0.025 | FED.WT | 92.9% | TMD.WT | 0.5 | $0.86 | Bargain | ||||||
| of the warrant will be. | Commerce Split Corp unit | GCI.WT | 30-Jan-12 | GCI.WT | -2.29 | NGD.WT.B | 22.66 | MNP.WT | 0.025 | CVZ.WT | 91.1% | NGD.WT.A | 3.35 | $5.50 | Bargain | ||||||
| A measure of actual | Compton Petroleum Corp | MGA.WT | 12-Feb-12 | XYM.WT | -2.25 | ANS.WT | 22 | K.WT.B | 0.025 | BAA.WT | 90.9% | VGZ.WT.S | 0.98 | $1.57 | Bargain | ||||||
| stock price changes over | Continental Gold | ML.WT | 16-Feb-12 | GCM.WT.A | -2.24 | PYC.WT | 20.61 | SBI.WT | 0.03 | RN.WT | 90.9% | PTA.WT | 0.04 | $0.06 | Bargain | ||||||
| a specific period of time. | Crocodile Gold | CKG.WT | 23-Feb-12 | CCJ.WT.B | -2.24 | DPM.WT | 20.53 | WAI.WT | 0.035 | CLQ.WT | 89.1% | GAA.WT | 0.64 | $0.97 | Bargain | ||||||
| Historical volatility is | Dundee Precious Metals | CNM.WT | 28-Feb-12 | VGZ.WT.S | -2.23 | TCM.WT | 16.06 | PCT.WT | 0.035 | TAB.WT | 88.3% | WRN.WT | 0.6 | $0.90 | Bargain | ||||||
| calculated by using the | Dundee Precious Metals | XMF.WT.A | 28-Feb-12 | HGI.WT | -1.94 | TID.WT | 15.4 | PTA.WT.A | 0.035 | USA.WT | 87.5% | FEO.WT.B | 0.11 | $0.16 | Undervalued | ||||||
| standard deviation of an | East West Petroleum Corp | YCM.WT.A | 28-Feb-12 | QUX.WT | -1.91 | MGA.WT.A | 15 | APV.WT | 0.035 | USO.WT | 85.3% | K.WT.D. | 2.47 | $3.55 | Undervalued | ||||||
| underlying stock price. | ECU Silver Mining Inc | TMB.WT | 29-Feb-12 | RNX.WT | -1.81 | K.WT.C | 14.89 | LRT.WT.A | 0.04 | FCO.WT | 85.3% | VGZ.WT.S | 0.98 | $1.40 | Undervalued | ||||||
| Endeavour Financial | BNK.WT.A | 1-Mar-12 | EIT.WT.A | -1.8 | LQD.WT | 13.64 | PTA.WT | 0.04 | GMC.WT | 83.1% | FED.WT | 0.21 | $0.29 | Undervalued | |||||||
| In the Money | Endeavour Silver Corp | GMC.WT.A | 6-Mar-12 | PIC.WT | -1.8 | CLQ.WT | 12.38 | CLQ.WT | 0.04 | GMC.WT.A | 83.1% | FNV.WT.B | 0.265 | $0.37 | Undervalued | ||||||
| When the price of the | EnerVest Diversified Income Trust | FNV.WT | 13-Mar-12 | GCM.WT | -1.73 | BEV.WT | 12.22 | APV.WT.A | 0.04 | GMC.WT.B | 83.1% | PAU.WT | 0.4 | $0.55 | Undervalued | ||||||
| common is higher than | Ethiopian Potash | HGI.WT | 30-Mar-12 | VGZ.WT.S | -1.72 | FRO.WT | 12 | MTO.WT | 0.04 | LPK.WT | 82.7% | RN.WT | 0.44 | $0.58 | Undervalued | ||||||
| the exercise price | Faircourt Gold Income | NGD.WT.B | 3-Apr-12 | PPF.WT | -1.71 | PWC.WT | 11.28 | NGD.WT.B | 0.05 | FEO.WT.A | 82.2% | GLD.WT | 0.21 | $0.28 | Undervalued | ||||||
| Feronia Inc | PVG.WT | 8-Apr-12 | GAA.WT.A | -1.65 | CVZ.WT | 11.13 | TID.WT | 0.05 | FEO.WT.B | 82.2% | YEL.WT | 0.02 | $0.03 | Undervalued | |||||||
| At the Money | Formation Metals | PNP.WT | 16-Apr-12 | PNP.WT.B | -1.59 | SBI.WT | 10.33 | LQD.WT | 0.055 | APV.WT.A | 82.0% | AVL.WT | 1 | $1.29 | Undervalued | ||||||
| When the price of the | Fortress Energy Inc | MGT.WT.U | 20-Apr-12 | CRK.WT | -1.59 | PVG.WT | 10.08 | TFA.WT.A | 0.055 | APV.WT | 82.0% | FGX.WT.B | 1.85 | $2.38 | Undervalued | ||||||
| underlying is equivalent | Fortune Minerals Ltd. | GMC.WT.B | 27-Apr-12 | BEV.WT | -1.55 | ADM.WT | 10 | CZY.WT | 0.055 | ROZ.WT | 81.5% | QUX.WT | 2.75 | $3.53 | Undervalued | ||||||
| or close to the strike price. | Franco-Nevada | RED.WT | 29-Apr-12 | ML.WT | -1.52 | PNP.WT.A | 9.68 | BPV.WT.A | 0.06 | MGA.WT.B | 79.0% | SSL.WT.A | 0.66 | $0.85 | Undervalued | ||||||
| Franco-Nevada | BEV.WT | 7-May-12 | OUS.WT | -1.5 | MGT.WT.U | 9.51 | TMB.WT | 0.06 | MGA.WT | 79.0% | FNV.WT.A | 6.2 | $7.72 | Undervalued | |||||||
| Exercise ratio | Franco-Nevada | MTO.WT | 15-May-12 | URB.WT.B | -1.31 | LRT.WT.A | 9.5 | NOT.WT | 0.065 | MGA.WT.A | 79.0% | AEM.WT.U | 21.77 | $27.10 | Undervalued | ||||||
| The number of warrants | Frontier Rare Earths Ltd | CZY.WT | 22-May-12 | TCM.WT | -1.3 | YEL.WT | 9.25 | HCF.WT | 0.075 | KSK.WT | 77.7% | AR.WT | 1.7 | $2.10 | Undervalued | ||||||
| related to one share and | Gazit America In | ROZ.WT | 28-May-12 | CMT.WT | -1.3 | REC.WT | 9.00 | SFF.WT | 0.075 | EDR.WT | 76.7% | EDV.WT.A | 0.7 | $0.83 | Undervalued | ||||||
| specifies the amount of | Gazit America In | PMI.WT.A | 28-May-12 | PAK.WT | -1.29 | FEI.WT.A | 9 | HGI.WT | 0.08 | PNP.WT.B | 76.3% | TMD.WT.A | 0.75 | $0.88 | Undervalued | ||||||
| underlying that the owner | Gazit America Inc. | ADM.WT | 2-Jun-12 | PYC.WT | -1.29 | MNP.WT | 8.8 | CVZ.WT | 0.08 | PNP.WT.A | 76.3% | DPM.WT.A | 5.05 | $5.92 | Undervalued | ||||||
| of a single warrant is | Geovic Mining Corp | AAB.WT | 6-Jun-12 | VGZ.WT.S | -1.24 | PMI.WT.A | 8.75 | PMI.WT | 0.08 | PNP.WT | 76.3% | MND.WT | 0.295 | $0.34 | Undervalued | ||||||
| entitled to buy. | Geovic Mining Corp | MGA.WT.A | 6-Jun-12 | EW.WT | -1.23 | CMP.WT.B | 8.51 | OUS.WT | 0.09 | QUX.WT | 74.3% | P.WT | 0.86 | $1.01 | Undervalued | ||||||
| Geovic Mining Corp | TAB.WT | 11-Jun-12 | CNM.WT | -1.19 | NOT.WT | 8 | EW.WT | 0.09 | TIC.WT | 73.6% | VZX.WT | 0.015 | $0.02 | Undervalued | |||||||
| Time Value | Global Adv Tele&Utilities Inc Fd | APV.WT | 11-Jun-12 | ZAZ.WT | -1.17 | GAA.WT | 7.71 | ANS.WT | 0.1 | PMI.WT | 73.5% | AA.WT | 0.12 | $0.14 | Undervalued | ||||||
| The time value is the | GMIncome & Growth Fund | TIC.WT | 15-Jun-12 | RN.WT | -1.11 | GAA.WT | 7.71 | LRT.WT | 0.1 | PMI.WT.A | 73.5% | FCO.WT | 0.32 | $0.36 | Undervalued | ||||||
| difference between the | Gold Participation and Income Fund | YNG.WT | 20-Jun-12 | RBN.WT.A | -1.11 | LPK.WT | 7.13 | NTC.WT | 0.1 | VGZ.WT.S | 73.1% | CMP.WT.B | 1.5 | $1.66 | Undervalued | ||||||
| current warrant price | Gran Colombia Gold Corp | WLT.WT | 28-Jun-12 | LPK.WT | -1.11 | ZAZ.WT | 7.07 | FEO.WT.A | 0.1 | VGZ.WT.S | 73.1% | ILC.WT | 0.025 | $0.03 | Undervalued | ||||||
| and its intrinsic value. | Gran Colombia Gold Corp | DPM.WT | 29-Jun-12 | ADM.WT | -1.09 | BPV.WT.A | 7 | RPG.WT | 0.1 | VGZ.WT.S | 73.1% | TXG.WT | 0.54 | $0.59 | Undervalued | ||||||
| The time value is to be | Gran Tierra Energy | MND.WT | 6-Aug-12 | GMF.WT | -1.01 | ML.WT | 6.89 | SND.WT | 0.1 | VGZ.WT.S | 73.1% | USA.WT | 0.475 | $0.52 | Undervalued | ||||||
| interpreted as the | GT Canada | FED.WT | 9-Sep-12 | KSK.WT | -0.98 | ZAZ.WT | 6.8 | PDL.WT.B | 0.1 | MGT.WT.U | 72.9% | BRD.WT.A | 0.6 | $0.65 | Fair Market Value | ||||||
| consideration paid for | Harvest Canadian Inc & Gr Fund | QUX.WT | 10-Sep-12 | BPV.WT.A | -0.96 | FNV.WT.A | 6.74 | USO.WT | 0.1 | YNG.WT | 71.5% | FNV.WT | 10.19 | $11.11 | Fair Market Value | ||||||
| the advantage that the | International Lithium | CNL.WT | 12-Sep-12 | FCO.WT | -0.95 | PAK.WT | 6.67 | GPF.WT.A | 0.105 | GCM.WT | 70.2% | NQ.WT | 0.5 | $0.55 | Fair Market Value | ||||||
| warrant buyer has over | Ivanhoe Australia | TFA.WT.A | 21-Oct-12 | PWC.WT | -0.94 | GAA.WT.A | 6.58 | FEO.WT.B | 0.11 | GCM.WT.A | 70.2% | SLW.WT.U | 19.6 | $21.18 | Fair Market Value | ||||||
| the direct investor. It | Katanga Mining | VGZ.WT.S | 22-Oct-12 | MOB.WT | -0.91 | K.WT.D. | 6.27 | PAK.WT | 0.12 | WRN.WT | 70.2% | FT.WT.A | 0.5 | $0.54 | Fair Market Value | ||||||
| is greatest when the | Kinross | PNP.WT.A | 23-Oct-12 | TID.WT | -0.81 | AC.WT | 6.13 | AA.WT | 0.12 | BPV.WT | 70.0% | GCM.WT | 0.255 | $0.27 | Fair Market Value | ||||||
| warrants are 'at the money' | Kinross | AC.WT | 28-Oct-12 | IVA.WT | -0.8 | AC.WT | 6.13 | TAB.WT | 0.13 | BPV.WT.A | 70.0% | SSL.WT | 0.88 | $0.94 | Fair Market Value | ||||||
| but decreases as the | Kinross | AC.WT | 28-Oct-12 | GPF.WT.A | -0.8 | PGM.WT | 6 | ADM.WT | 0.13 | FRO.WT | 68.5% | MB.WT | 0.14 | $0.15 | Fair Market Value | ||||||
| exercise date draws closer. | Kiska Metals | FRO.WT | 17-Nov-12 | MGA.WT.B | -0.77 | XRG.WT | 5.99 | MB.WT | 0.14 | NOT.WT | 68.3% | BWR.WT.A | 0.61 | $0.63 | Fair Market Value | ||||||
| The decreased value is | Lanesborough REIT | PTA.WT.A | 19-Nov-12 | MTO.WT | -0.77 | MTO.WT | 5.88 | RED.WT | 0.14 | PAK.WT | 67.8% | CKG.WT | 4.05 | $4.23 | Fair Market Value | ||||||
| called time decay and | Lanesborough REIT | PWC.WT | 25-Nov-12 | BRD.WT | -0.75 | CZY.WT | 5.82 | AAB.WT | 0.145 | HGI.WT | 67.3% | CWB.WT | 17.1 | $17.61 | Fair Market Value | ||||||
| decreases at a faster | Liquid Nutrition Group | NGD.WT.C | 28-Nov-12 | BRD.WT.A | -0.67 | AAB.WT | 5.72 | FRN.WT | 0.15 | XRG.WT | 66.6% | EDR.WT | 6.74 | $6.87 | Fair Market Value | ||||||
| pace as the expiry date | Lupaka Gold Corp. | RML.WT | 29-Nov-12 | VGZ.WT.S | -0.64 | TFA.WT.A | 5.55 | FRO.WT | 0.15 | FT.WT.A | 66.5% | PGM.WT | 0.4 | $0.41 | Fair Market Value | ||||||
| draws closer. | M Split Corp | SBI.WT | 2-Dec-12 | LQD.WT | -0.62 | RNX.WT | 5.45 | KSK.WT | 0.15 | TMD.WT | 65.8% | TAO.WT | 2.79 | $2.82 | Fair Market Value | ||||||
| Macusani Yellowcake | RNX.WT | 16-Dec-12 | GAA.WT | -0.61 | FGX.WT.B | 5.33 | ZAZ.WT | 0.15 | TMD.WT.A | 65.8% | TCM.WT | 0.48 | $0.49 | Fair Market Value | |||||||
| Manas Petroleum Corp | ZAZ.WT | 19-Dec-12 | HCF.WT | -0.59 | VZX.WT | 5.33 | ZAZ.WT | 0.15 | SBI.WT | 65.6% | MFL.WT | 10.96 | $10.99 | Fair Market Value | |||||||
| Mandalay Resources Corp | ZAZ.WT | 19-Dec-12 | YEL.WT | -0.58 | EW.WT | 5.11 | MGA.WT.B | 0.155 | BRD.WT.A | 64.8% | ML.WT.A | 1.53 | $1.53 | Fair Market Value | |||||||
| MEGA Brands Inc | BPV.WT.A | 20-Dec-12 | CNL.WT | -0.57 | P.WT | 5.08 | LPK.WT | 0.16 | BRD.WT | 64.8% | RPG.WT | 0.1 | $0.10 | Fair Market Value | |||||||
| Mega Uranium | SFF.WT | 21-Dec-12 | FEO.WT.B | -0.53 | WRN.WT | 5.05 | PWC.WT | 0.18 | EW.WT | 64.7% | BRK.WT | 1.35 | $1.33 | Fair Market Value | |||||||
| Mega Uranium | WRN.WT | 22-Dec-12 | CVZ.WT | -0.51 | ST.WT | 4.91 | BEV.WT | 0.18 | TCM.WT | 64.4% | SNG.WT | 1 | $0.99 | Fair Market Value | |||||||
| Mega Uranium | EW.WT | 22-Dec-12 | SIN.WT | -0.51 | SND.WT | 4.9 | PNP.WT.A | 0.185 | RNX.WT | 63.8% | BAA.WT | 2.11 | $2.06 | Fair Market Value | |||||||
| Mercator Minerals Ltd | SND.WT | 23-Dec-12 | LRT.WT | -0.49 | WAI.WT | 4.86 | MGT.WT.U | 0.185 | CRK.WT | 62.1% | BRD.WT | 0.69 | $0.65 | Fair Market Value | |||||||
| Mercator Minerals Ltd | APV.WT.A | 23-Dec-12 | PTA.WT | -0.45 | ILC.WT | 4.8 | CRK.WT | 0.19 | RPG.WT | 61.9% | SFF.WT | 0.075 | $0.07 | Fair Market Value | |||||||
| Metanor Resources | MOB.WT | 24-Dec-12 | CTF.WT | -0.44 | PMD.WT | 4.78 | RNX.WT | 0.2 | CZY.WT | 61.9% | SND.WT | 0.1 | $0.09 | Fair Market Value | |||||||
| Minefinders Corp | AR.WT | 29-Dec-12 | AA.WT | -0.44 | QUX.WT | 4.73 | FED.WT | 0.21 | ML.WT.A | 61.6% | CRK.WT | 0.19 | $0.17 | Overvalued | |||||||
| Mines Management | VZX.WT | 5-Jan-13 | WRN.WT | -0.43 | AVL.WT | 4.61 | GLD.WT | 0.21 | ML.WT | 61.6% | XRG.WT | 0.67 | $0.59 | Overvalued | |||||||
| New Gold Inc. | CMP.WT.B | 25-Jan-13 | SFF.WT | -0.42 | KSK.WT | 4.27 | ST.WT | 0.22 | BNK.WT.A | 61.4% | FRO.WT | 0.15 | $0.13 | Overvalued | |||||||
| New Gold Inc. | ML.WT.A | 29-Jan-13 | FEI.WT.A | -0.42 | CNL.WT | 4.26 | PMD.WT | 0.23 | GTE.WT | 60.6% | REC.WT | 0.01 | $0.01 | Overvalued | |||||||
| New Gold Inc. | SNG.WT | 10-Feb-13 | TIC.WT | -0.41 | FNV.WT | 4.1 | GCM.WT | 0.255 | TXG.WT | 60.0% | PVG.WT | 0.96 | $0.83 | Overvalued | |||||||
| Norbord | KSK.WT | 23-Mar-13 | ST.WT | -0.4 | PTA.WT.A | 4 | FNV.WT.B | 0.265 | SSL.WT.A | 59.2% | VGZ.WT.S | 0.98 | $0.82 | Overvalued | |||||||
| Noront Resources Ltd | YEL.WT | 25-Mar-13 | PTA.WT.A | -0.37 | RPG.WT | 3.9 | PYC.WT | 0.28 | SSL.WT | 59.2% | NGD.WT.C | 0.49 | $0.41 | Overvalued | |||||||
| North American Palladium Ltd. | NTC.WT | 31-Mar-13 | WAI.WT | -0.37 | TAB.WT | 3.85 | ECU.WT | 0.285 | ECU.WT | 59.0% | RF.WT | 0.005 | $0.00 | Overvalued | |||||||
| North American Tungsten | USO.WT | 18-Apr-13 | TMD.WT.A | -0.37 | LRT.WT | 3.8 | MND.WT | 0.295 | SND.WT | 58.6% | TAB.WT | 0.13 | $0.10 | Overvalued | |||||||
| Northquest Ltd | ST.WT | 29-Apr-13 | MNP.WT | -0.35 | FEO.WT.A | 3.6 | BPV.WT | 0.305 | MTO.WT | 57.8% | DPM.WT | 0.4 | $0.32 | Overvalued | |||||||
| Oceanic Iron Ore Corp | CVZ.WT | 11-May-13 | PMI.WT.A | -0.33 | FED.WT | 3.57 | AC.WT | 0.31 | MB.WT | 56.2% | K.WT.C | 1.04 | $0.82 | Overvalued | |||||||
| Oceanic Iron Ore Corp | CRJ.WT | 22-May-13 | NTC.WT | -0.31 | SFF.WT | 3.53 | AC.WT | 0.31 | PWC.WT | 56.2% | RED.WT | 0.14 | $0.11 | Overvalued | |||||||
| Omega Advisors U.S. Cap App Fd | ILC.WT | 24-May-13 | LRT.WT.A | -0.3 | PTA.WT | 3.5 | FCO.WT | 0.32 | CRJ.WT | 56.0% | PDL.WT.B | 0.1 | $0.08 | Overvalued | |||||||
| Pacific & Western Credit Corp | CCJ.WT.B | 5-Jun-13 | SBI.WT | -0.3 | CRK.WT | 3.47 | ML.WT | 0.35 | GCI.WT | 54.1% | PMD.WT | 0.23 | $0.18 | Overvalued | |||||||
| Papuan Precious Metals Corp | PAU.WT | 5-Jul-13 | ECU.WT | -0.3 | GCM.WT | 3.45 | PAU.WT | 0.4 | ADM.WT | 53.4% | SBI.WT | 0.03 | $0.02 | Overvalued | |||||||
| Peregrine Metals | FNV.WT.B | 8-Jul-13 | FEO.WT.A | -0.3 | EDV.WT.A | 3.43 | PGM.WT | 0.4 | NGD.WT.B | 53.3% | AC.WT | 0.31 | $0.24 | Overvalued | |||||||
| Petroamerica Oil Corp | PNP.WT.B | 11-Jul-13 | RPG.WT | -0.29 | TXG.WT | 3.43 | DPM.WT | 0.4 | NGD.WT.A | 53.3% | AC.WT | 0.31 | $0.23 | Overvalued | |||||||
| Petroamerica Oil Corp | ANS.WT | 29-Jul-13 | APV.WT | -0.28 | NTC.WT | 3.4 | RN.WT | 0.44 | NGD.WT.C | 53.3% | BNK.WT.A | 3.5 | $2.58 | Overvalued | |||||||
| PetroMagdalena Energy Corp | BBB.WT | 12-Aug-13 | PCT.WT | -0.27 | NGD.WT.A | 3.38 | USA.WT | 0.475 | AR.WT | 53.2% | WLT.WT | 8.95 | $6.66 | Overvalued | |||||||
| Petromanas Energy In | K.WT.C | 3-Sep-13 | TMD.WT | -0.27 | AR.WT | 3.35 | TCM.WT | 0.48 | SIN.WT | 53.2% | GAA.WT.A | 0.8 | $0.59 | Overvalued | |||||||
| Petromanas Energy Inc | SLW.WT.U | 5-Sep-13 | XRG.WT | -0.26 | FRN.WT | 3.33 | NGD.WT.C | 0.49 | SLW.WT.U | 53.0% | PTA.WT.A | 0.035 | $0.03 | Overvalued | |||||||
| Pinetree Capital | FRN.WT | 8-Sep-13 | CLQ.WT | -0.25 | VGZ.WT.S | 3.27 | TMD.WT | 0.5 | ZAZ.WT | 53.0% | PMI.WT | 0.08 | $0.06 | Overvalued | |||||||
| Pinetree Capital | VGZ.WT.S | 22-Oct-13 | ILC.WT | -0.22 | FEO.WT.B | 3.27 | NQ.WT | 0.5 | DPM.WT.A | 51.7% | PNP.WT.B | 0.63 | $0.43 | Overvalued | |||||||
| Pinetree Capital | GAA.WT | 30-Nov-13 | PMI.WT | -0.22 | VGZ.WT.S | 3.27 | FT.WT.A | 0.5 | DPM.WT | 51.7% | AAB.WT | 0.145 | $0.10 | Overvalued | |||||||
| Premium Income Corp | AEM.WT.U | 2-Dec-13 | AC.WT | -0.21 | VGZ.WT.S | 3.27 | ROZ.WT | 0.52 | MND.WT | 51.7% | CNL.WT | 1.5 | $0.99 | Overvalued | |||||||
| Pretium Resources | NBD.WT | 24-Dec-13 | TAB.WT | -0.19 | VGZ.WT.S | 3.27 | NBD.WT | 0.52 | EDV.WT.A | 51.5% | CZY.WT | 0.055 | $0.04 | Overvalued | |||||||
| Prima Colombia | EDV.WT.A | 4-Feb-14 | AC.WT | -0.18 | TMD.WT | 3.26 | TXG.WT | 0.54 | PVG.WT | 51.1% | KSK.WT | 0.15 | $0.10 | Overvalued | |||||||
| Primary Corp. | ECU.WT | 20-Feb-14 | EDV.WT.A | -0.17 | FCO.WT | 3.09 | WRN.WT | 0.6 | SNG.WT | 50.0% | MNP.WT | 0.025 | $0.02 | Overvalued | |||||||
| Primero Mining Corp | CWB.WT | 2-Mar-14 | AAB.WT | -0.16 | RED.WT | 3.00 | BRD.WT.A | 0.6 | PMD.WT | 50.0% | NOT.WT | 0.065 | $0.04 | Overvalued | |||||||
| Propel Multi-Strategy Fund | FCO.WT | 8-Mar-14 | SND.WT | -0.15 | CKG.WT | 2.94 | BWR.WT.A | 0.61 | MNP.WT | 50.0% | BPV.WT | 0.305 | $0.19 | Overvalued | |||||||
| Quadra FNX Mining Ltd | BWR.WT.A | 9-Apr-14 | USO.WT | -0.15 | AEM.WT.U | 2.85 | PNP.WT.B | 0.63 | ZAZ.WT | 49.7% | CRJ.WT | 0.77 | $0.50 | Overvalued | |||||||
| Ram Power Corp | GAA.WT.A | 14-Apr-14 | REC.WT | -0.15 | PNP.WT.B | 2.84 | GAA.WT | 0.64 | TMB.WT | 49.1% | ST.WT | 0.22 | $0.14 | Overvalued | |||||||
| RedWater Energy | SSL.WT | 23-Apr-14 | APV.WT.A | -0.13 | MB.WT | 2.75 | GAA.WT | 0.64 | BEV.WT | 49.0% | ROZ.WT | 0.52 | $0.30 | Overvalued | |||||||
| Reliant Gold Corp | MNP.WT | 6-May-14 | TFA.WT.A | -0.12 | BRD.WT.A | 2.7 | SSL.WT.A | 0.66 | MFL.WT | 48.1% | ECU.WT | 0.285 | $0.16 | Overvalued | |||||||
| Rio Novo Gold Inc | RPG.WT | 19-May-14 | VZX.WT | -0.12 | FT.WT.A | 2.62 | XRG.WT | 0.67 | AAB.WT | 47.9% | KAT.WT | 0.005 | $0.00 | Overvalued | |||||||
| Rodinia Oil Corp | BRK.WT | 27-May-14 | CZY.WT | -0.1 | RN.WT | 2.59 | BRD.WT | 0.69 | CNL.WT | 47.5% | MGA.WT.B | 0.155 | $0.08 | Overvalued | |||||||
| Royal Nickel Corporation | LPK.WT | 28-Jun-14 | ROZ.WT | -0.1 | BRD.WT | 2.35 | EDV.WT.A | 0.7 | P.WT | 46.4% | TIC.WT | 1 | $0.51 | Overvalued | |||||||
| Rusoro Mining | PYC.WT | 30-Jun-14 | GPD.WT | -0.09 | NGD.WT.C | 2.31 | TMD.WT.A | 0.75 | AEM.WT.U | 45.8% | USO.WT | 0.1 | $0.05 | Very Overvalued | |||||||
| Sandstorm Gold | FGX.WT.B | 30-Jun-14 | CRJ.WT | -0.08 | PCT.WT | 2.29 | CRJ.WT | 0.77 | XYM.WT | 45.4% | ADM.WT | 0.13 | $0.06 | Very Overvalued | |||||||
| Sandstorm Gold | USA.WT | 10-Jul-14 | AHX.WT | -0.08 | TAO.WT | 2.29 | GAA.WT.A | 0.8 | PPF.WT | 43.1% | PNP.WT.A | 0.185 | $0.08 | Very Overvalued | |||||||
| Sandstorm Metals | K.WT.D. | 17-Sep-14 | RED.WT | -0.05 | ROZ.WT | 2.27 | P.WT | 0.86 | URB.WT.B | 42.6% | ZAZ.WT | 0.15 | $0.06 | Very Overvalued | |||||||
| SCITI Trust | AA.WT | 7-Oct-14 | BPV.WT | -0.03 | MND.WT | 2.2 | SSL.WT | 0.88 | CKG.WT | 41.6% | BEV.WT | 0.18 | $0.07 | Very Overvalued | |||||||
| Seafield Resources | PTA.WT | 8-Oct-14 | FED.WT | 0 | TIC.WT | 2.2 | PVG.WT | 0.96 | PIC.WT | 41.3% | BPV.WT.A | 0.06 | $0.02 | Very Overvalued | |||||||
| Serabi Mining | BPV.WT | 10-Oct-14 | FRN.WT | 0.07 | PMI.WT | 2.19 | VGZ.WT.S | 0.98 | ST.WT | 40.9% | RML.WT | 0.005 | $0.00 | Very Overvalued | |||||||
| Silver Range | MGA.WT.B | 26-Oct-14 | NQ.WT | 0.17 | TMD.WT.A | 2.17 | VGZ.WT.S | 0.98 | K.WT.D. | 39.7% | VGZ.WT.S | 0.98 | $0.31 | Very Overvalued | |||||||
| Silver Wheaton | GLD.WT | 27-Oct-14 | PAU.WT | 0.28 | SSL.WT.A | 2.11 | VGZ.WT.S | 0.98 | K.WT.C | 39.7% | RNX.WT | 0.2 | $0.06 | Very Overvalued | |||||||
| Star Portfolio Corp | BRD.WT.A | 19-Nov-14 | GLD.WT | 0.32 | ECU.WT | 2.11 | VGZ.WT.S | 0.98 | K.WT.B | 39.7% | ZAZ.WT | 0.15 | $0.04 | Very Overvalued | |||||||
| Stonegate Agricom Ltd | BRD.WT | 19-Nov-14 | GAA.WT | 0.4 | CRJ.WT | 2.04 | AVL.WT | 1 | OUS.WT | 39.6% | ML.WT | 0.35 | $0.09 | Very Overvalued | |||||||
| TAG Oil Ltd | NOT.WT | 16-Dec-14 | PGM.WT | 0.43 | AHX.WT | 2 | SNG.WT | 1 | EIT.WT.A | 38.9% | NBD.WT | 0.52 | $0.14 | Very Overvalued | |||||||
| Tembec | NQ.WT | 21-Dec-14 | MND.WT | 0.47 | BAA.WT | 1.98 | TIC.WT | 1 | CCP.WT | 38.5% | TID.WT | 0.05 | $0.01 | Very Overvalued | |||||||
| Thompson Creek Metals | PMI.WT | 23-Feb-15 | USA.WT | 0.51 | NBD.WT | 1.95 | K.WT.C | 1.04 | HCF.WT | 36.4% | CLQ.WT | 0.04 | $0.01 | Very Overvalued | |||||||
| Titan Medical | LRT.WT | 5-Mar-15 | FT.WT.A | 0.55 | MGA.WT.B | 1.92 | BRK.WT | 1.35 | AC.WT | 36.2% | APV.WT.A | 0.04 | $0.01 | Very Overvalued | |||||||
| Titan Medical Inc | RN.WT | 8-Mar-15 | FGX.WT.B | 0.81 | USO.WT | 1.9 | CMP.WT.B | 1.5 | AC.WT | 35.9% | PMI.WT.A | 0.02 | $0.00 | Very Overvalued | |||||||
| Titanium Corp. Inc | MB.WT | 30-Mar-15 | TXG.WT | 0.81 | SLW.WT.U | 1.89 | CNL.WT | 1.5 | CMP.WT.B | 34.5% | EW.WT | 0.09 | $0.01 | Very Overvalued | |||||||
| Torex Gold Resources Inc | P.WT | 19-Jul-15 | SSL.WT.A | 0.9 | AA.WT | 1.88 | ML.WT.A | 1.53 | CTF.WT | 34.1% | MGT.WT.U | 0.185 | $0.02 | Very Overvalued | |||||||
| Touchstone Exploration Inc | GCM.WT | 24-Aug-15 | AVL.WT | 1.01 | APV.WT | 1.86 | AR.WT | 1.7 | TAO.WT | 33.6% | XMF.WT.A | 0.005 | $0.00 | Very Overvalued | |||||||
| Trafina Energy Ltd | PCT.WT | 21-Sep-15 | NGD.WT.C | 1.19 | GLD.WT | 1.76 | FGX.WT.B | 1.85 | BRK.WT | 32.9% | YNG.WT | 0.02 | $0.00 | Very Overvalued | |||||||
| Tuscany Intl Drilling Inc | SSL.WT.A | 19-Oct-15 | SSL.WT | 1.2 | CWB.WT | 1.75 | BAA.WT | 2.11 | NBD.WT | 32.5% | APV.WT | 0.035 | $0.00 | Very Overvalued | |||||||
| U S Silver Corp | VGZ.WT.S | 22-Oct-15 | AR.WT | 1.41 | SNG.WT | 1.75 | K.WT.D. | 2.47 | PGM.WT | 31.8% | PNP.WT | 0.015 | $0.00 | Very Overvalued | |||||||
| Urbana Corp | DPM.WT.A | 20-Nov-15 | BRK.WT | 2.05 | PAU.WT | 1.70 | QUX.WT | 2.75 | FNV.WT.B | 29.8% | CMT.WT | 0.005 | $0.00 | Very Overvalued | |||||||
| US Oil Sands Inc. | FEO.WT.A | 30-Nov-15 | ML.WT.A | 2.33 | DPM.WT.A | 1.63 | TAO.WT | 2.79 | FNV.WT.A | 29.8% | FEI.WT.A | 0.005 | $0.00 | Very Overvalued | |||||||
| Vega Resources | GAA.WT | 30-Nov-15 | BAA.WT | 2.48 | APV.WT.A | 1.63 | NGD.WT.A | 3.35 | FNV.WT | 29.8% | GCM.WT.A | 0.02 | $0.00 | Very Overvalued | |||||||
| Vista Gold | FEO.WT.B | 30-Nov-15 | BNK.WT.A | 2.78 | BRK.WT | 1.62 | BNK.WT.A | 3.5 | GAA.WT | 29.4% | GMC.WT | 0.005 | $0.00 | Very Overvalued | |||||||
| Vista Gold | TMD.WT | 10-Dec-15 | TAO.WT | 3.91 | SSL.WT | 1.58 | CKG.WT | 4.05 | GAA.WT | 29.4% | GMC.WT.A | 0.005 | $0.00 | Very Overvalued | |||||||
| Vista Gold | LRT.WT.A | 23-Dec-15 | CKG.WT | 4.96 | ML.WT.A | 1.58 | DPM.WT.A | 5.05 | GAA.WT.A | 29.4% | GMC.WT.B | 0.01 | $0.00 | Very Overvalued | |||||||
| Vista Gold | PMD.WT | 22-Feb-16 | DPM.WT.A | 6.2 | EDR.WT | 1.55 | FNV.WT.A | 6.2 | RBN.WT.A | 29.1% | GTE.WT | 0.005 | $0.00 | Very Overvalued | |||||||
| Vuzix Corp | PAK.WT | 14-Mar-16 | EDR.WT | 6.84 | MFL.WT | 1.45 | EDR.WT | 6.74 | GMF.WT | 28.2% | K.WT.B | 0.025 | $0.00 | Very Overvalued | |||||||
| Walter Energy | CRK.WT | 24-Mar-16 | BWR.WT.A | 9.81 | BNK.WT.A | 1.39 | WLT.WT | 8.95 | PYC.WT | 24.0% | MGA.WT | 0.01 | $0.00 | Very Overvalued | |||||||
| West African Iron Ore Corp | AHX.WT | 30-Mar-16 | FNV.WT | 10.89 | BPV.WT | 1.38 | FNV.WT | 10.19 | RF.WT | 20.3% | MGA.WT.A | 0.02 | $0.00 | Very Overvalued | |||||||
| Western Copper | WAI.WT | 31-Mar-16 | MFL.WT | 15.93 | USA.WT | 1.33 | MFL.WT | 10.96 | GPF.WT.A | 19.7% | MTO.WT | 0.04 | $0.00 | Very Overvalued | |||||||
| Xinergy Ltd | LQD.WT | 13-May-16 | AEM.WT.U | 16.44 | BWR.WT.A | 1.21 | CWB.WT | 17.1 | FGX.WT.B | 18.1% | TMB.WT | 0.06 | $0.00 | Very Overvalued | |||||||
| Yukon-Nevada Gold | TMD.WT.A | 21-Jun-16 | SLW.WT.U | 16.56 | NQ.WT | 1.14 | SLW.WT.U | 19.6 | CWB.WT | 16.4% | URB.WT.B | 0.005 | $0.00 | Very Overvalued | |||||||
| Zazu Metals Corp | FNV.WT.A | 16-Jun-17 | CWB.WT | 17.72 | WLT.WT | 1.02 | AEM.WT.U | 21.77 | BWR.WT.A | 7.6% | YCM.WT.A | 0.015 | $0.00 | Very Overvalued | |||||||
| NGD.WT.A | 28-Jun-17 | WLT.WT | 51.86 | BBB.WT | nt | BBB.WT | nt | FEI.WT.A | 5.0% | BBB.WT | nt | $0.05 | Not Trading | ||||||||