Osisko's CEO, Sean Rosen, announced in the company 4th quarter report today that . . . . . . . . . . . . " The Company intends to invest $50 million in exploration on its projects in the Americas, (in 2013) including $42 million that will be capitalized."
http://www.marketwire.com/press-release/osisko-previews-q4-2012-canadian-malartic-operating-results-and-2013-guidance-tsx-osk-1749229.htm
As you will recall, Osisko recently assignied and relocated, in 2012, it's head geologist and some staff to a newly acquired and opened US based suite of offices located in Denver. Their charge is to oversee some exploration project(s) in the US, of which they own none. As we also know, Osisko has become one of the largest share owners of PEM in recent months and has established a relationship with PEM. One could rightfully accurately assume Osisko should have a Confidential Agreement with PEM and has more than a passing shareholder's interest in partnering with PEM, or in acquiring PEM's Friday-Petsite, assets, zones, claims, industrial property, perhaps even the entire Orogrande Shear Zone. . . for the right price, of course.