Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: onepath who wrote (58217)	4/6/2008 6:53:09 PM
From: tyc:>	Read Replies (1) of 78407

Hi onepath ! Well I did warn them that I was opinionated and too old to change ! lol When analysts give a target price, do we ask them "in how long?". And if we did do you think the longer their answer the higher the target ? My opinion is No! And I think the use of several years to increase the Black Scholes value is bogus; the max time to use BS formula is one year; a nine year warrant deserves a value certainly not proportionally above a one year warrant. I think this is reflected in the way that study calculates a distant one year option value and then discounts it to a PV. Also, doesn't the difference between the calculated BS value of the NGD.wt and its market price suggest something similar ? Moreover, I get no practical meaning from dividing the stock price by the warrant price. (There ! Marcos, I state it publicly !) Of course though.... every man to his own views. And I do agree that the NGD.wt.A is cheap, even though I don't like the limited leverage I see.

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