RE: "Spiraling mining costs" is a MYTH! card,
you either are an "old head" or are wise beyond your years. us old heads have been laying low and riding the "myth". lay low and buy low now, for a reckoning day is coming. as the price of gold continues up the revenues of the big mines will soar. this will allow them to pay handsomly for new discoveries. examples in the past would be the diamon fields nickel discovery in labradore, and fipkie's canadian diamond pipe discovery saga. in my opinion, not only will big gold pay well, there will be a rush to buy it first before the compitition. also, now fed policy is positive for gold. junior gold explorers that have minable oz in the ground have an incredable upside potential(imo). the more ozs they prove up, all the better.
other factors besides cost of mining are location, location , location.
with risk comes high reward if we are correct.