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Gold/Mining/Energy : Gold and Silver junrs- portfolio -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (206)	4/22/2008 5:31:01 PM
From: tyc:>	Respond to of 328

For ancient me, it's more important what happens today and tomorrow, (that's what the delta tells me). Does that B-S valuation provide the delta ? If it does I'll bet it's even higher than the 36% I mentioned. (Don't believe it !)

To: marcos who wrote (206)	4/23/2008 8:46:33 AM
From: tyc:>	Respond to of 328

More price speculation on NGD.wt.A etc. Another way to look at the question is to describe it as, "sensitivity to price increases in NGD" ..If NGD increases in price by $1 from its present price of $7.90 to $8.90, that's an increase of 12.6%. .. My calculator says that with the same increase in the price of NGD, the price of NGD.wt.A might be expected to rise from $1.79 to $2.18, and increase of 21% .. MR.wts are trading at their intrinsic value of $4. If the price of NGD goes up by $1, intrinsic value of MR.wts will increase by .90c to $4.90 (because MR 's conversion is to .9 shares of NGD). That would be an increase of 22.5%. On expiry it seems likely I shall convert my MR wts to the warrant A's !