I am grateful for all the information about the "average" value of inferred and indicated gold value in the ground. The range seems to be approximately somewhere in the 100 to 143 dollar range for inferred.

When gold and or silver spot prices rise, say 25% in a given year, can it be said that PEM's inferred and indicated precious metals value have risen commensurately? It seems the industry should adjust such "averages" especially since gold prices have almost doubled in the past 3 years and silver prices have more than trippled in the same time period.

Thanks in advance for any thoughts.