Conclusions

$1300/oz. U.S. might not be a number pulled out of a hat. If you use Tom's Inflation Calculator in reverse starting with 2012, and calculating for the equivalent amount in 1997 using the shadowstats option, you get $343.51 This would have been enough to go on for the Komis mine back then.

A $1300/oz. gold price would almost certainly be enough to carry the La Ronge Gold Project through production and growth for some time to come, since grades from the various mines are better now than was obtained from Komis in 1997.

http://www.halfhill.com/inflation.html

Netolitzky, the managing director with minority control over the company, is short GBN.V shares through an equity swap deal employing a Long Strangle trading strategy, and has been for years.

He has carefully ministered to his short selling profits, and attempted to hide this glaring conflict of interest. Very unlikely that he would be paying out of pocket the required credit default swap payments to insure his short position. $20m. as a sum keeps coming up yearly, so the notional amount of the Long Strangle equity swap derivative is probably 20X that. (it must be said that he accumulated the largest position in the stock by paying for it)

Financial interest on the sell side against GBN.V far outweighs financial interest in developing the project, at least for now.

If you look at the inverse correlation of $UBS vs. GBN.V with GBN.v vs. $Gold, there's barely a ripple in the decades-long strong inverse correlation. You can test this notion with all manner of gold stocks and gold mining indeces.

What that means is that gold stocks are bucket-shopped and the money goes into treasuries, meaning a very large negative carry in all gold stocks.

http://scharts.co/1bDCSi5