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Gold/Mining/Energy : Canadian Warrants Only
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To: koan who wrote (1134)10/18/2007 6:35:01 PM
From: tyc:>  Read Replies (2) of 23081
 
IMHO there is only one answer to your question. MR.wts.

I bought more today. With the stock trading at $5.30 the warrants had an intrinsic value of $2.20. I bought them at $2.28. If the stock doubles to $10.60, the intrinsic value will be $7.50.

Strictly FWIW:

I checked the record on Novagold whose Galore Creek might be a look alike to Metallica's La Fortuna. Sedar shows its feasibility study was posted in October '05. In the ensuing 5-9 months the stock approximately doubled. Here's the NG graph. La Fortuna feasibility will be out in January. If the stock doubles in the same time period therafter ...... ??

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