The last few days aside, the massive rise in the price of gold this year has got a lot of investors and management teams in the precious metals sector breathing heavily.

Quite frankly, across the sector one of the most common phrases is “we have a PEA.. or pre-feasibility or whatever .. BUT it was done at $1,750 or $1,900 gold”. With gold above the $3,000 an ounce mark, these comments are basically a means of inferring that based on that dated study, they should be making money hand over fist at the current gold price.

Logically speaking, it checks out. But the part that is frequently left out, is the fact that we have seen massive amounts of inflation over the last few years, CPI be damned. And well, as many in the industry are aware, rising metal prices often means contractor prices are rising just as quickly.

Plenty in the sector have been saying they’re working on “revised pricing” for studies conducted years ago, but now we’re finally starting to see those revised reports actually published.

Freeman Gold (TSXV: FMAN) was one of the first to step up to the plate with revised figures.

Lets dive in.

Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.