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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (26389)	1/23/2003 11:49:20 AM
From: Eva	Read Replies (1) \| Respond to of 36161

Sorry, I can't find the details right now, I am getting outta here, on the way to the airport. Please direct your questions to Claude Cormier Message 18478421

To: LLCF who wrote (26389)	1/23/2003 12:16:57 PM
From: TrueScouse	Read Replies (1) \| Respond to of 36161

LLCF: The Wheaton River warrants are almost in the money at the current WRM price (now trading at about $1.60). At a $1.65 strike price and a market price of about $0.90, they enable you to hold close to double the position in WRM for the same cash -- but with at least double the risk! In terms of potential reward, if WRM doubles to $3.20 over the next 4 years, the warrants will have an intrinsic value of $1.55 and would probably trade at more than twice today's price. But if WRM triples to $4.80 say, the warrants would trade at $3.15 minimum -- or 3.5 X today's price. And a 5-bagger in WRM would lead to a 7-bagger in the warrants. etc. I'm holding the warrants rather than the stock, especially after the recent announcements by WRM. If their deal goes through, they'll very quickly become a significant producer and I think there's potential for a major revaluation -- even without an increase in the POG. And if the POG bull continues... <<g>>. But, as always, do your own DD. Regards, Howy