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

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To: onepath who wrote (59449)	5/11/2008 3:17:07 PM
From: tyc:>	Read Replies (1) of 78403

>> "NGD.WT.A. Best summer metal play" Perhaps the honour will go to MR.wts ! My calculator predicted that if NGD increased by a dollar to $8.90, the warrants would trade at $2.19.. The 8.90 has been achieved and the warrants are trading at $2.14. Pretty close. With NGD at $8.90, the intrinsic value of MR.wts would be $4.90 because a share of MR will convert to .9 NGD, but they are trading at only $4.50, That's below their intrinsic (NGD)value. What of the immediate future ? If NGD puts on another dollar during the summer and trades at $9.90 (+11%), NGD.wt.a might trade at $2.59 (+20%). However MR.wts will have an intrinsic value of (.9*9.90 - $3.10) $5.81. That's up 29% from its present $4.50.

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