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Gold/Mining/Energy : Sandstorm Gold -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (27)	5/18/2010 9:16:51 AM
From: Metacomet	Read Replies (1) \| Respond to of 1133

You think they are cheap? I dunno.. I guess the entire concept of warrants must be a bit of a mystery to me. But then the behaviour of mining shares in general are a bit of an enigma. I tend to think of warrants as interchangeable with options. Seems to me that in the money warrants, given some reasonable time constraint, should run, at least, penny for penny with the underlying, and with a time lever, do even better. And I have done enough of the Kool-Aid to think that gold will perform well in the coming years. Since these warrants are a proxy on the value of gold as well as the success of SSL, is your feeling that Sandstorm may not perform well enough in the next 4 years to warrant the warrants? Or are you simply suggesting that such an outcome is not only possible but baked into the price?