RE:warrantI just calculated the value for both Aris tradeable the A series and B series warrants. The A series is 2 warrants + C$5.50 = 1 Aris share. Expiry is end of July 2025. The B series warrants are C$2.21 strike, 1 warrant = 1 share of Aris and Expiry is April 2024. The stock value = C$2.69.
I don't have data access to Aris Mining's volatility but its Beta ratio is nearly identical to Yamana Gold. Yamana has a volatility per their options market of around 52%.
The A series value calculates to be C$0.21.
The B series value calculates to be C$0.92.
Volatility has a lot to do with the value of warrants and options. For example if the volatility was 40%, the A series value would be C$0.11 and the B seires value = C$0.80.