Value Microcaps Junior Miners

[checkmate28]

AUN.v vs AUN.WT Picked up some of the Aurcana warrants .30 Tried for less last couple days but the PPU keeps walking away up.
Terms : Warrants are exercisable for 1.00 for one share until 11/29/13

Would like to get some more imput.

Roughly speaking - AUN.wt Trading at .30 now, there in the money at $1.30 Figured for the 30 cents you get 3 times the units as the common shares for the same dollars.

I come up with a break even for even dollars investments in the shares vs warrants to be $1.50 commom SP

Assuming a purchase of AUN.V AT .90 -- A 10 k share investment in the common costs $9k & nets you $6k when AUN.v reaches 1.50 -

Assuming a purchase of AUN.WT AT .30 -- A 30 k unit investment in the common costs $9k & nets you $6k when AUN.v reaches 1.50 /share

At 1.90 /share the warrants above have appreciated $18k and the common has appreciated $10k

AUN OS Shares Fully diluted are 558m and at 1.50/share yeilds a MC of $837million

For dreamy comparasins First Majestic is trading at 1.75B in MC

1.75B transulates to 3.13/share price for Aurcana or $55k on the $10k warrant investmant above.

Comments and corrections are appreciated

Checkmate28