(To sort click on the column headings in blue)                                                                                            

COMPANY NAME													Stocks in	1 Month
(click on the company name for	Latest		U. S.	Canadian	U. S.	Canadian	Expiration	Exercise	Exercise	Wts		Price	the money	Historic		Fair
number of warrants trading,	Insider	Warrant	Symbol	Stock	Symbol	Warrant	Date	Price	Price	per	Leverage	of	(Intrinsic	Volatility	Warrant	Market	Comments
company website and warrant PRs.)	Activity	CUSIP NO	Stock	Symbol	Warrant	Symbol		US$	Cdn$	Share		Common	Value)	Annualized	Price	Value
Acuity Small Cap	T.ASF	00509R 10 6		T.ASF-UN		ASF.wt	15-Jan-10		$12.00	1	17.62	8.81	-3.19	47.3	0.5	$2.04	Bargain
Agnico Eagle	T.AEM	008474 13 2	AEM	T.AEM	AEMLW	AEM.wt.u	14-Nov-07	$19.00	$20.04	1	1.64	51.9	31.86	110.4	31.66	$33.03	Fair Value
Ascendant Copper Corp	T.ACX	043503 11 9	ASCPF.pk	T.ACX		ACX.wt	21-Nov-10		$2.50	1	8.67	0.26	-2.24	147.9	0.03	$0.15	Bargain
Ascendant Copper Corp	T.ACX	043503 12 7	ASCPF.pk	T.ACX		ACX.wt.a	22-Jun-09		$0.65	1	2.36	0.26	-0.39	147.9	0.11	$0.15	Undervalued
Australian Solomons Gold	T.SGA	Q8271C 11 8		T.SGA		SGA.wt	28-Aug-08		$1.71	1	6.25	1.25	-0.46	71.5	0.2	$0.24	Undervalued
Avnel Gold Mining	T.AVK	G0683R 12 3		T.AVK		AVK.wt	30-Jun-10		$1.06	1	3.25	0.65	-0.41	50.3	0.2	$0.15	Overvalued
Baffinland Iron Mns Corp	T.BIM	056620 11 5		T.BIM		BIM.wt	31-Jan-12		$5.50	1	3.29	3.45	-2.05	63.3	1.05	$1.53	Undervalued
Baja Mining Corp	T.BAJ	05709R 11 1	BAJFF.pk	T.BAJ		BAJ.wt	13-Apr-09		$1.15	1	2.1	1.83	0.68	42.2	0.87	$0.85	Fair Value
Bankers Petroleum	T.BNK	066286 11 3	BNKFF.pk	T.BNK		BNK.wt	10-Nov-09		$0.95	1	3.5	0.42	-0.53	39.8	0.12	$0.02	Very Overvalued
Bankers Petroleum	T.BNK	066286 12 1		T.BNK		BNK.wt.A	1-Mar-12		$0.90	1	2.33	0.42	-0.48	39.8	0.18	$0.08	Very Overvalued
Bioniche Life Sciences Inc	T.BNC	09063P 12 5		T.BNC		BNC.wt	13-Mar-09		$1.40	1	3.03	0.88	-0.52	85.7	0.29	$0.28	Fair Value
Blue Sky Uranium	V.BSK	096049 11 9		V.BSK		BSK.wt	23-Mar-09		$1.30	1	3.47	0.52	-0.78	117.7	0.15	$0.20	Undervalued
Bordeaux Energy	V.BDO	099535 11 4	BDOXF.pk	V.BDO		BDO.wt	6-Aug-08		$0.90	1	2.37	0.485	-0.42	135.2	0.205	$0.19	Fair Value
Breakwater Resources	T.BWR	106902 15 8	BWLRF.ob	T.BWR	BWLWF.pk	BWR.wt	28-Jan-09		$1.00	1	1.62	2.57	1.57	65.8	1.59	$1.71	Fair Value
Calstar Oil & Gas	C.CALS	13135U 11 2	CLGSF.pk	C.CALS		CALS.wt.b	28-Sep-07		$0.65	1	10	0.1	-0.55	224.9	0.01	$0.01	Fair Value
Canadian Income Mgmt Tr	T.CNM	13607T 11 4		T.CNM-UN		CNM.wt	28-Feb-12		$2.60	1	10	0.35	-2.25	256.6	0.035	$0.03	Overvalued
Chesapeake Gold	V.CKG	165184 11 0	CHPGF.pk	V.CKG		CKG.wt	23-Feb-12		$8.00	1	2.11	5.9	-2.10	57.7	2.8	$2.66	Fair Value
Coalcorp Mining	T.CCJ	190135 11 1	CCJFF.pk	T.CCJ		CCJ.wt	8-Feb-11		$5.60	1	5	3.75	-1.85	50.9	0.75	$1.15	Bargain
Coalcorp Mining	T.CCJ	190135 13 7	CCJFF.pk	T.CCJ		CCJ.wt.A	17-Aug-11		$8.40	1	10.14	3.75	-4.65	50.9	0.37	$0.86	Bargain
Copernican British Banks Fund	T.CBB	21727V 11 7		T.CBB-UN		CBB.wt	14-Jun-10		$10.00	1	24.25	9.7	-0.30	25.5	0.4	$2.23	Bargain
Denison Mines  (1)	T.DML	248356 11 5	DMLCF.pk	T.DML		DML.wt	24-Nov-09		$15.00	0.3472	2.02	9.06	-5.94	69.6	12.9	$7.98	Overvalued
Denison Mines  (1)	T.DML	248356 12 3	DMLCF.pk	T.DML		DML.wt.A	1-Mar-11		$30.00	0.3472	2.44	9.06	-20.94	69.6	10.7	$6.71	Overvalued
DPF India Opportunities Fund	T.DPF	26138Y 11 3		T.DPF-UN		DPF.wt	13-Aug-10		$12.50	1	6.55	8.45	-4.05	31.3	1.29	$1.14	Overvalued
Dundee Precious Metals	T.DPM	265269 12 6		T.DPM		DPM.wt	29-Jun-12		$15.00	1	3.19	8.6	-6.40	26.3	2.7	$1.09	Very Overvalued
Dynamite Resources	V.DNR	26806Q 11 1		V.DNR		DNR.wt	17-Aug-09		$1.00	1	16.4	0.41	-0.59	122.9	0.025	$0.20	Bargain
Eastern Platinum Limited	T.ELR	276855 11 1	ELRFF.pk	T.ELR		ELR.wt	25-Apr-08		$2.00	1	5.04	2.27	0.27	63.3	0.45	$0.67	Undervalued
Eastern Platinum Limited	T.ELR	276855 12 9	ELRFF.pk	T.ELR		ELR.wt.A	28-Mar-09		$1.80	1	3.03	2.27	0.47	63.3	0.75	$0.99	Undervalued
Endeavour Mining Cap	T.EDV	G3040R 12 5	EDVMF.pk	T.EDV	EDVWF.pk	EDV.wt	10-Nov-08		$5.50	1	1.91	8.6	3.10	21.3	4.5	$3.48	Overvalued
Endeavour Silver Corp	T.EDR	29258Y 11 1	EDRGF.pk	T.EDR	EDWGF.pk	EDR.wt	24-Oct-07		$5.25	1	12.79	4.22	-1.03	82	0.33	$0.49	Undervalued
Energentia Resources	V.ENR	29268P 11 8		V.ENR		ENR.wt	14-Feb-09		$0.75	1	4	0.18	-0.57	101.8	0.045	$0.03	Overvalued
Envoy Communs Group Inc	T.ECG	29413B 11 3	ECGI	T.ECG		ECG.wt	20-Feb-09		$9.00	5	31	3.1	-5.90	14.1	0.02	$0.00	Very Overvalued
Equinox Minerals	T.EQN	29445L 11 3		T.EQN		EQN.wt	6-May-08		$2.30	1	2.57	3.6	1.30	74.8	1.4	$1.67	Undervalued
Erdene Gold	T.ERD	29480Q 11 8	ERDGF.pk	T.ERD		ERD.wt	15-Jun-09		$1.60	1	2.29	1.17	-0.43	130.8	0.51	$0.71	Undervalued
European Minerals Corp	T.EPM	G3192Y 11 8	EPMCF.PK.	T.EPM		EPM.wt	23-Dec-08	$1.20	$1.27	1	3	1.2	-0.07	51.8	0.4	$0.31	Overvalued
European Minerals Corp	T.EPM	G3192Y 12 6	EPMCF.PK.	T.EPM	EPMWF.pk	EPM.wt.a	11-Apr-10		$1.20	1	2.11	1.2	0.00	51.8	0.57	$0.46	Overvalued
European Minerals Corp	T.EPM	G3192Y 14 2	EPMCF.PK.	T.EPM	EPMJF.pk	EPM.wt.b	21-Mar-11		$1.55	1	2.45	1.2	-0.35	51.8	0.49	$0.44	Fair Value
First Capital Realty	T.FCR	35168Q 11 4	FCRGF.pk	T.FCR		FCR.wt	31-Aug-08		$11.80	1	1.92	25.89	14.09	10.7	13.49	$14.77	Fair Value
First Majestic Silver Corp	V.FR	32076V 11 1	FRMSF.PK	V.FR		FR.wt	10-Nov-08		$6.50	1	nt	3.52	-$2.98	63	0	$0.44	not trading yet
Focused Global Trends Fund	T.FTF	34416R 11 5		T.FTF.UN		FTF.wt	30-Jul-10		$10.25	1	30.17	9.05	-1.20	80.3	0.3	$4.77	Bargain
Focused Global Trends Fund	T.FTF	34416R 11 5		T.FTF.UN		FTF.wt	30-Jan-09		$10.25	1	30.17	9.05	-1.20	80.3	0.3	$3.40	Bargain
Fortune Minerals	T.FT	34967D 13 5	FTMDF.PK	T.FT		FT.wt	26-Jul-09		$3.75	1	6.49	2.92	-0.83	59.9	0.45	$0.85	Bargain
Fralex Therapeutics Inc	V.FXI	49381E 11 3		V.FXI		FXI.wt	14-Feb-09		$4.00	1	7.1	0.71	-3.29	86.1	0.1	$0.05	Very Overvalued
Futura Loyalty Group	V.FUT	373686 11 2		V.FUT		FUT.wt	1-Jan-08		$1.10	1	8.5	0.085	-1.02	84.4	0.01	$0.00	Very Overvalued
Geovic Mining Corp	V.GMC	373686 12 0	GVCM.pk	V.GMC	GVCMW.pk	GMC.wt	3-Nov-11		$2.75	1	1.96	2.49	-0.26	71.2	1.27	$1.42	Undervalued