Delivering warrant education to expand
THE KNOWLEDGE OF INVESTORS


 

Our Warrant Database
(and How to Use It)

The warrant database is our pride and joy and is the core of our service.  We built the database from the ground floor and are frequently upgrading the features that we offer.

We have chosen to create the database using an Excel spreadsheet as it gives us the ability to manipulate an incredible amount of information.  However, we convert this Excel file into an HTML format for easier viewing and faster downloading from the website.  Thus, Excel is no longer required to view our database.

The first page you see as you access the database is our:
 
                                       Warrant Summary

Here we provide you with an overview of the warrant database and already sorted for several of your favorite features:

     A.  A List of All Companies with Warrants Trading (alphabetically)
     B.  All Companies Sorted by the Expiration Date of the warrant
     C.  All Warrants Sorted by Intrinsic Value
     D.  All Companies Sorted by Market Capitalization
     E.  A link to All Warrants Sorted as to our Current Market Valuation

                Includes warrants sorted three different ways:

                 Sort by CurrentRating/LeverageIndicator/ExpiryDate
                 Sort by LeverageIndicator/CurrentRating/ExpiryDate
                 Sort by ExpiryDate/CurrentRating/LeverageIndicator

On this Warrant Summary page there is a hyperlink that takes you to our:

                                       Warrant Database

Each of the following bullet points represent a column heading going across the top of our database with the described information:

• Company Name (with hyperlink to website)

• U.S. Symbol (with hyperlink to Yahoo for recent quote)
  Includes Cusip number Currently 50% of the warrants have U.S. Symbols which allow for online trading

• Canadian Symbol (with hyperlink to TSX for recent quote)

• Expiration (expiry) date of warrant  (Includes a link for All warrants sorted by expiry date)

• Exercise price of warrant

• Warrant Call Feature (Yes/No with details)

• Comments (any relevant comments necessary)

• Warrant Leverage (Link to spreadsheet for Leverage Calculation (updated weekly) (see footnote below)

• Primary Minerals (i.e., gold, silver, zinc)

• Location of Properties (Countries)

• Status (Producer, Development, Exploration)
  Leverage Indicator - see footnote below for explanation

• Recent Price of Warrant (updated weekly)  link for Market Analysis which includes bid-ask price, charts, price history, volume, news and much more.

• Recent Price of Common (updated weekly)

• Intrinsic Value of Warrant (Also includes a link Sorted by Intrinsic Value  

• Total Capitalization (Also includes a link Sorted by Total Capitalization)

• As of December 15, 2006 we provide 'our' rating for each Warrant:                       Under Valued    Fair Value    Over Valued

We provide you with the specific details on All commodity and natural resource shares with warrants trading in the United States and Canada. The data has been accumulated from many sources and verified with the individual company websites and financial reports and presented to you in a simple and easy to use html format.  While every effort has been made to include All commodity and natural resource stocks with warrants and to ensure that all the associated data is accurate, such can not be guaranteed.

Footnote:

The Warrant Leverage Calculations we perform are spreadsheets within our basic warrant database spreadsheet. 

You just need to click on the Excel spreadsheet symbol and this will take you to another spreadsheet where we provide you with a detailed analysis which answers the question that most investors want to know.  How will the warrant perform if the common shares go up in price?  We take our calculations out usually to 8 different 'Projected Price' points.   Remember, we are in a bull market, so we are rather aggressive with some of our projections.  Here you can see exactly how much money you would make if you purchase the common shares and more importantly, the minimum amount you would make if you chose to invest in the warrants.  As well, we give you the leverage number.  Let's say the common share goes up 100% and the warrants go up 200%, the leverage is 2:1

Leverage Indicator:

Another measure of leverage is called the leverage indicator.  This is derived by merely dividing the stock price by the warrant price, adjusted if needed to reflect the cost of a call on one full share.  If a warrant trades at $6 when the stock is $18, then the leverage indicator is 3.0.  If the warrant is $10 and the stock is $15, then the leverage indicator is 1.5.  This measure has a limited use in comparing warrants.  It is not practical to assume that when the leverage indicator is 2.5 the warrant will move two and one half times as much as the stock, percentagewise.  It just doesn't happen that way.  It is fair to say, however, that a high leverage indicator (more than 2.0) signifies that a warrant may be attractive and as such should be carefully evaluated.  At best the leverage indicator is a relative measure and should be used only in conjunction with other analytical tools.  The leverage indicator is merely a hint that a warrant may be desirable.