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Gold/Mining/Energy : Sandstorm Gold
SAND 12.12-6.0%Oct 17 5:00 PM EST

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To: Claude Cormier who wrote (27)5/18/2010 9:16:51 AM
From: Metacomet  Read Replies (1) of 1133
 
You think they are cheap?

I dunno..

I guess the entire concept of warrants must be a bit of a mystery to me.

But then the behaviour of mining shares in general are a bit of an enigma.

I tend to think of warrants as interchangeable with options.

Seems to me that in the money warrants, given some reasonable time constraint, should run, at least, penny for penny with the underlying, and with a time lever, do even better.

And I have done enough of the Kool-Aid to think that gold will perform well in the coming years.

Since these warrants are a proxy on the value of gold as well as the success of SSL, is your feeling that Sandstorm may not perform well enough in the next 4 years to warrant the warrants?

Or are you simply suggesting that such an outcome is not only possible but baked into the price?
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