Inflation and associated increase in costs to mine goldI seldom see anyone on this board talk about the fact that one of the major reasons why these junior miners have fallen out of favor (as well as the entire mining sector) despite gold being at historic highs is that the cost to mine the gold has dramatically risen. You can no longer value this mine or any other mine based upon old studies.
I really don't think the cost of mining will go down much at all once inflaton slows. Eventually, the rate of inflation will just slow but we won't get deflation unless we hit a serious recession.