That's one of the issues with warrants. There is way less volume and many investors don't have a clue. So there are inefficiencies.....but that could be an opportunity to buy at "old" prices. I guarantee you that if we have a BIG precious metal rally, these warrants will get noticed. They may lag and have wider spreads but they do give you leverage and eventually should catch up. Of course, the time issue can get ugly if they expire BEFORE you are ready. Not where you want to have ALL your money tied up but certainly good during a bullrun.