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


To: marcos who wrote (59802)5/30/2008 4:01:28 PM
From: tyc:>  Read Replies (1) | Respond to of 78434
 
>>canadianwarrants.com site says 3.94

The Canadianwarrants.com site is ..... well, I would hesitate to rely on its values, although apparently a lot of people do (only to find themselves paying an unjustifiably high price.

There's an interesting point here. In the TRX notes attached to their financial statements, they say they valued their warrants according to B-S formula using certain inputs. Those inputs include a term of ONE YEAR even though the term of the warrants is much longer than that. Are they therefore understating the value of the warrants on their books ? I don't think so !

I wonder if there is a corresponding note in NGD's financial statements, and how they valued NGD.wt>a there.

But I am prepared to accept whatever the market says the value is in December