Picking up 10K shares right now at...we'll put the PPS at $1.40...that would cost $14,000

Warrants are going for 49/50 cents today, so we'll call it 50 cents.  Risking the same $14,000 on warrants would net the buyer 28,000 warrants that could be turned into shares at a cost of $2.05 each...requiring an extra $57,400 to turn them all into shares.

RVX.TO gets back to $2, the shareholder who bought 10,000 shares could sell for a $6,000 gain

The warrants however would still be underwater...however they conceivably should be worth more than the 50ish cents they're trading at now.