Re: Warrants

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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goldfinger

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Re: Warrants

in response to

Re: Warrants

Gerwin

posted on Apr 12, 2011 04:02PM

His cost would be $4.50 with the warrants. Sell at $7 he makes $2.50. Buy at open market say $1.00 and he would make $6.00. Price would have to go much higher for him to be better off.