GBN.V:$Gold Monthly

GBN.V is one of the very few surviving gold companies in the La Ronge Gold Belt since the 1990's. At one time, there were upwards of 50 companies. Masuparia was a spinoff from JNR Resources, leaving only one other company, Wescan Goldfields. Both Wescan and GBN had operating mines in the past, only GBN.V has a mill.

Since 1997, the ratio of the US long dated bond price vs. GBN.V shares has appreciated some 280X. It has been a highly advantageous trade not only from this perspective, but from the inverse correlation. GBN.V has consistently lost value against treasuries and gold prices, without fail, even during bull market periods.

Odds are that this is how equity swaps are configured using gold mining share prices.

http://scharts.co/1cdbG7V