Re: If 2.44 yields 93.5 cents for fwr

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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khareema

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Re: If 2.44 yields 93.5 cents for fwr

in response to

Re: If 2.44 yields 93.5 cents for fwr

sambone

posted on Dec 04, 2009 07:25PM

Hi Sam,

There is actually an accepted formula which NOT did use to get the .22 value. It is based on the 5 year period, the present Sp, and the exercise price. With NOT trading at 2.25, this formula worked out to .22. At today's SP of 2.57, the value would be closer to .25. At a share price of 3.50, the potential really becomes noticeable, and above 4.00 SP, these warrants could trade in the 2.00 range by themselves. If they can get these warrants trading as they claim they will, and it shouldn't be too hard, the warrants will often be much more volatile than the actual shares, and could be where the real value is.