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Gold/Mining/Energy : Precious and Base Metal Investing

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To: TheBusDriver who wrote (18636)	8/29/2003 2:40:33 PM
From: LLCF	Read Replies (1) of 39344

NNO warrants... They are much more expensive than the wheaton warrants are or ever were. Now I don't know what drives the company... they may be a more news related company or otherwise expect big moves in the stock to justify their price. They certainly arent' 'overvalued' IMO, just relative to some of the others we've discussed assuming equal companies. Personally I wouldn't buy them without some expected drill results or something. One last note that popped into my head on the discussion pertaining to the WHT warrants vs stock [or any other warrant vs stock] and their relative performance. Any warrant [or option] value is simply and 'expected' value which may or may not end up being what really happens. When Tommasso says to someone who understand options theory [me] "I new that was the right thing to do... see look what happend". There really is nothing to say, since he doesn't understand 'expected value'... one simply smiles as the dealer does to the guy who just hit his 16 with dealers '6' showing and claims knowlege because he got his 5. At no time has he shown any special knowlege [about wht] that would invalidate the odds... ie. he's no card counter. :) dAK

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