via CNBC - Canadian Interest Rates

Looks like the muddled Poloz has been vindicated looking at rates this weekend.

http://www.cnbc.com/id/100013943

via Bank Of Canada - Inflation Calculator

Something that cost $390 CAD in 1997 should cost $546 CAD in 2015. Golden Rule, the predecessor company in the La Ronge Gold Belt who raised the capital to build the mill, went bankrupt due to the decline in the gold price that year below the cost of production. The $CAD gold price closed this week @$1428/oz.

GBN.V bought that mill for $400k. in 2002.

http://www.bankofcanada.ca/rates/related/inflation-calculator/

Note 1 Financials

In note 1 of the financials last quarter, the company had accumulated a deficit of $172m. This means the amount of money spent on the property and refurbishments exceeds historical amounts spent developing the entire La Ronge Gold Belt. This also includes $48 m. in prepayments to indemnify lenders in swap agreements.

For the first time, they also caution investors that financial assets can be carried in the liabilities column.

- F6