We have 5.00...I understand the sour grapes concerning this stock's performance for the last 4 years and herein is the screaming underlying value. It should be pointed out that the entire Gold mining complex is in the cellar as far as investor sentiment. Take a look at the chart below. It has taken a 10% rally in Gold for the stocks to simply breakeven on the year. Aris is a stock that is beating the Indexes (HUI, GDX) year to date. I believe it is only a matter of time that the market re-rates Aris as a 360,000 ounce producer next year and over 500,000 the following year. Patience is the key.
[url=https://stockcharts.com/h-sc/ui?&s=%24HUI&p=D&yr=0&mn=9&dy=0&id=p45057986198&listNum=1&a=1412700947]Gold Bugs Index, HUI[/url]
FYI, Aris A series warrants are trading at a steep discount to fair value. I use a very conservative volatility of 40% and their value equals 0.43. They are presently trading at 0.34. For grins and giggles, it there was a suitor to buy out Aris the volatility they would use is on the order of 50%. This means the warrants today would be valued at 0.54.