From one of my favorite market analysts (as an extract from a long article)...

"But a mere 6.1% gold rally to $1150 boosts the elite junior golds' operating profits to $292, a huge 29% jump! And the average gold-futures-short-covering-driven gold rally in recent years was 16.2% in 10 weeks. Such a merely-average short-covering rally today would blast gold back up to $1260 within a couple months on the outside. That would lead to junior-gold profits of $401 per ounce, a staggering 78% increase!"

That would mean exponential increases in the stock prices.

http://www.321gold.com/editorials/hamilton/hamilton082115.html

POG is around 1160 at this moment, exceeding what Hamilton writes above.

I highly recommend this editorial. There is lots of encouragement in it for the gold and gold mining sectors, and by extension, the whole of the mining sector.

Cheers,

VP