Whatever the ultimate number of PEM's ounces of gold in the ground turn out to be, whether 5m, 10m 15m 20m ounces, or more, and by whatever metric one wishes to calculate gold's in the ground value , whether $100, or even $500, or $715, as was paid for recently by a couple of majors, that value, one could argue, just went up about 5% based on gold's price rise over the past couple of weeks.