Aris Mining Corp. T.ARIS.W.A

Primary Symbol: T.ARIS Alternate Symbol(s): CLGDF | ARMN | N.AMNG.NT.U

Metals & Mining Gold

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia, Colombia. The Marmato mine is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 km south of Medellin, Colombia. The Company is also the operator and 20% owner of the Soto Norte Project. The project is located within the traditional mining area of California, Vetas, which is located approximately 350 km north of Bogota and 55 km northeast of the city of Bucaramanga. The Company also owns the Toroparu Project in Guyana and the Juby Project, which covers an area of approximately 42,817 hectares and is located in the Cuyuni-Mazaruni Region of Guyana.

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Aris Mining Corp. > Aris Charts

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Comment by tobinator01on Apr 19, 2024 4:33pm

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Post# 35998857

RE:RE:Aris Charts

The terms are 2 Warrants plus C$5.50 = 1 share. When I calculate fair value using the Black-Scholes model, I divide the value by 2 to get a number per warrant.

For example, Aris.TO closed today at C$5.38. The warrants expire July 29, 2025 that is 15.3 months from now. I could use the volatility of 50% ++ but I use a conservative value of 40%. The risk free interest rate is 5.25% and strike price is 5.50. The Call Value = 1.06, therefore the fair value per warrant is 0.53.

Today's value is entirely time premium as the stock is not above the strike price of 5.50.

There is an acceleration clause of the A series warrants. If the stock trades above 5.50 for 20 consecutive days, Aris management can issue an Acceleration Notice. Once the notice is given, the warrants exercise date is 30 days after the notice. The A series warrants were issued in 2020 when Aris was just a pup. I believe the Acceleration Clause was applied to the warrants as the Company had big dreams and very little capital.

I believe Aris will not issue an Accleration Notice as cash is not needed for their planned processing upgrade at Segovia ($15 million) and the underground operations at Marmato. Quite frankly at $2400 Gold, they have tremendous cash flow right now.