RE: WARRANTS The warrants are more or less irrelevant at this time. They will trade as a separate instrument on the TSX for 9 of the 10 years due to the time value of the warrants. Where it will be important is if a takeover of YPG occurs then the 'prescribed' value of the warrants per the prospectus will kick in. See page 200 of the prospectus for the prescribed values.
Just my opinion...