There is a minority view that the POG will increase not due to...

There is a minority view that the POG will increase not due to inflation but due to deflation. With global debt of about $225 trillion, and stock and bond markets at extreme valuations, a deflationary recession will cause many companies to go cash flow negative. Both stock and bond investors of these companies will lose their investments, causing downward stress in financial markets. This is already happening in many markets. Gold, as a financial asset without counterparty risk will be seen as a place where you will not lose your investment funds.
SBM, even with gold just off 6 year lows is one of the most profitable gold companies globally. Even at a share price of $1.61 and market cap. of $797, it appears inexpensive relative to it’s peers. EVN has a market cap. of $2050, NST $1644, and OGC $1827. Even a small increase in the POG to U.S. $1200 will see net debt eliminated by the end of 2016, with a share price of $3 plus. Should financial stress become more acute and the POG revisit U.S. $2000, then SBM could easily reach $10. This would make SBM a safe haven in a financial storm.