I expect also that, I hate to say but I think that once ounces are restored we could see some take over event. We have at least 2 companies that are interested in PEM, OSK and MAX. Grandich said in the last interview that there will be lot of mergers and takeovers at the end of this Year:

The other thing I fully suspect is that we’re going to see a lot of mergers and takeovers beginning the latter part of this year and into next year as the majors conclude the worst is behind them. Many of these companies have been driven substantially down, and their market caps now make it very attractive for majors to step up and pay somewhat of a premium over where the current valuation is. And there won’t be much of a fight because what they’re offering will be at least better than it was a few days ago or for the last several months.

http://resourceswire.com/2012/11/the-worst-is-behind-us/2/

I hope only that we could have a great drilling results and come back to high 20's and then to have some Bidding war between 2 Majors so we could see 40's and 50's again before the End of PEM.

GLTA