Tronox Inc. (TROX)

[fuller11]

This was posted previously

fuller11, the warrant gives you the right to buy a share of stock at a fixed price, either 62.13 or 68.56 depending on which warrant. When you exercise your right to buy the stock you turn in your warrant and it gets cancelled.

My question is, if I excerise my warrants, then basically I am trading in 1 warrant and getting for 1 share for either 62.13 or 68.56 ((G or W warrant). Do I have to actually come up with the $62.13 or $68.56 in cash? and then I can sell for whatever TROX is trading at ($142.50) at Friday close? Using this as an example, if I have excersied 1 warrant at $62.13 this past Friday morning and then sold the 1 share at $142.50 then I would be up $80.37? I know it's a stupid question but I have never traded warrants before. Thanks