Michael,

I had a chat with Bill Love(VP Exploation) at the SAGE booth. Their focus will be on exploitng the Golden Mile extension for two reasons; 1) Leverage the Golden Mile, KXL success story as a way to raise cash and 2) Base metals are not an excited place to be at the moment and so the focus will be on GOLD.

Much of their presentation was o borrowed Kodiak information. I think it is nice to see a postive working relationship between KXL and SAGE. I would say SAGE needs Kodiak more than Kodiak needs SAGE.

I would not be surprised in the future if Kodiak begins to acquire other Juniors in the area. This assumes KXL SP increases and becomes valuble currency to fuel acquisitions.

REgards