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

To: loantech who wrote (46288)	8/3/2007 4:05:24 PM
From: tyc:>	Respond to of 78431

Hi Tom I'm pretty sure these are the old BEMA warrants. It required one warrant and $10 to buy one share of BEMA. If this is similar to the CBJ/IMG warrant.... it will still require 1 warrant and $10 for a share of Bema, but the share of BEMA is equal to .4444 shares of Kinross. The best way to think of it is to say that the current price of the underlying stock is .4444 x the current Kinross price... So one warrant plus $10 enables you to buy .4444 shares of Kinross. If the current price of K is $13.46, the value of the stock underlying each warrant is .4444 x 13.46, or $5.98. I can't remember whether the $10 is C$ or $US.