Excellent analysis as always Eric. Gold/Silver going parabolic means the mining/exploration/royalty shares are going to be experiencing some serious leverage indeed.
Have you done any studies to determine what the approximate leverage is for the various share categories to the PM they mine? That would be an interesting way to determine a possible target for share prices with Gold/Silver at these levels.
The shares with the right management, financing, location (geographical and political), currency to distribute earnings and dividends, and marketing will indeed explode. How high? I believe the following chart encapsulates most of my research.
S&P Gold (Formerly Precious Metals Mining)*
*S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, 1922-1939 Homestake Mining:
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