The price of PEM has fallen lately and I wondered if it had to do with Osisko's current problems. Since they are an investor and are "underwriting" the some of the advancement of the Friday project, some folks may have felt that OSK's challenges would bleed over to Premium.

Here is what Doug Casey's staff had to say about OSK in the latest issue of "International Speculator" -

"Adding to the controversy, bad news came from one of the province’s [Quebec] leading mining companies, Osisko Mining (T.OSK): environmental authorities raided the company’s Canadian Malartic gold mine for documents. Two investigations were opened as a consequence. A spokesperson at the Environment Ministry declined to comment on the basis of investigations. It is unclear exactly what rules Osisko may have broken, but the company suspects that the investigations are linked to low-quality explosives supplied by its contractor. Some of them, Osisko CEO Sean Roosen said, released higher-than-permitted levels of nitrous oxide. Environment Minister Daniel Breton did not clarify either the cause of the raid or the reason the raid was needed in the first place: “The raid was prompted by allegations that the company broke the conditions of the deal that allowed it to exploit the mine.”

Breton, however, is no longer a minister: he resigned from his position shortly after the raids gained publicity. There is no mention of them in the comments on his resignation – the official version is that he was forced to step down after accusations of owing several thousand dollars in unpaid rent to his landlords."

I may be wrong but this issue seems to be a "tempest in a teapot." Once this matter gets sorted out, the lower price may not be with us for long.

- panamax