According to Canadian Warrants, Fair values are:
PNP.WT ($15.00 2012 call): Fair Value $0.64, trading @ 0.13 http://www.globeinvestor.com/servlet...
PNP.WT.A($6.50 2012 call): Fair Value $0.75, trading @ 0.16 http://www.globeinvestor.com/servlet...
PNP.WT.B ($3.50 2013 call): No FV listed yet, trading at $0.20 http://www.globeinvestor.com/servlet...
This is a leveraged way to play PNP right now. With the "B" warrants, you are betting that within the next 5 years the PM bull will bring PNP back abouve a SP of $3.50.
Silverhound
