Hi Bananaboy.
Agree with your opinion. Should see an increase in the ozs with further exploration, lots near surface and high grade pockets that are low hanging fruit. Attractive if production costs per ounce can be kept low and if gold starts to get above 1500/oz.
Found a good read recently in the Globe and Mail.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/gold-producers-squeezed-by-rising-costs-and-sliding-prices/article13706432/
Cheers.
B.