Excellent point Scott!
The only caveat to that though was brought to my attention by JT himself: If gold goes up AND everything thing else stays the same including oil, mining equipment, labour costs and others costs of extraction then you and I will be right (I postulated the same question during the site visit as I believed we would see higher gold prices).
What I like most about the PoG increasing is that it is going to wake up more and more investors to gold and the demand for quality gold projects will increase along with the valuation of these projects.
Glorieux