Using basic numbers and a warrant conversion price of .26c our Black-Scholes Value: is 0.308. So I have no idea where she is cooking up his/her numbers.
I am using a stock price of $.44; exercise price of .26; time to maturity 4 years most warrants were issued in the last one to two years, risk free rate 10 year T-Bill 2.40%. And a Beta of .8.
Also to note: As value of our share price increases so will the value of the warrants. As the T-Bill risk free rate increases value will also follow.
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