Warrant valuefor those asking about warrants:
the theoretical value of the C warrants assuming a 50% volatility and a 4.5% free interest rate is a little over 66 cents based on an exercise price of $3.75 and an expiry of August 12/2008.
I did not calculate the D warrant value as they only now have 11 months and vest at something like $4.35.
I have not owned and do not feel that the Ds are worth the gamble as they neither have time, nor exercise price in their favour.
With the price of gold and CBJ shares continuing to move, I expect to see the Cs rally by close to 50% to at least 75 cents, if not higher.
Do the math, look at this gift horse and come to your own conclusions.
best wishes