Osisko Exploration a BUY?

Ok, this is a company I've been watching for a while, here's what I see.


-Full feasibility study to be released in Qtr 4 2008 with production in 2009.
-NI 43-101 released in July with 8 million oz inferred resource which at $1000 gold is an 8 Billion resource with continuing drilling and exploration through this year and the future.
-It's been trading in a flat channel for 1 year and 3 months between $5 and $6.50.
-It's at the RSI overbought line which has marked significant bottoms previously.
-As its trading flat, there's no significant data from RSI or MACD as far as divergences aside that it had a huge run last year and has been consolidating ever since. ($0.15 in 2005 to $5.00 in Jan 2007)
-10wk MA is above the 40wk MA
-BPI recently moved from below to above 30 and is currently at 38.37 (on stockcharts.com)
-It's trading flat in RS against $nya(New York Composite) and RTM (Equal Weight S&P Metals Sector ETF)

NOW two questions...
1. It looks like it's making a sort of "year and a half long ascending triangle" formation, does it count when its over that long of a period?
2. daily chart volume spikes decline, but the weekly is flat right across, what should I take from that? Feedback?