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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: pocotrader who wrote (44265)	7/8/2007 2:55:43 PM
From: koan	Read Replies (1) \| Respond to of 78421

Iamgold wt. Poco, you may have found the holy grail-lol. It took a minute for me to figure it out, but it looks like that is the one to own for a gold proxy. If I figured it correctly. The strike is $3.75 and the stock is $4.05 and the wts is .86, but the wts buy 2.3?? shares at $3.75, so they have .71 in intrinsic value and you are only paying about .06 per share for the leverage. Expiration Aug, 08. I may have missed something and I have to run for a little while (real work-lol), but I will double check my figures when I get back. You may have found a wonderful play. Cheers