RE: Pinetree Warrants --> ~50% UNDERVALUEDYes, I totally agree, the PNP warrants are significantly undervalued right now. I initially picked up on this fact from the Canadian Warrants website, where they have indicated "Bargain" status for some time now.
After performing further research, and given the 5 year expiry timeline, plus PNP's sizeable holdings in NOT, BMK and MGA, purchasing the warrants are an excellent way to gain exposure to th "McFaulds" discovery (NOT & BMK) and also the anticipated recovery in the U sector (MGA).
I recently took a position @ 0.95, and am really surprised given the significant recent share price movement of NOT & BMK that PNP.WT is still mired at sub 1.00 level.
Although the current 15.00 warrant exercice price might seem like a distant horizon, given the volatility, and 5 year expiry date, the price would appear to have only one way to go, and that is upwards. The warrants offer tremendous leverage to PNP.
Victor