Hi Jokal,

Sage has secured some cash and the year is covered. In some cases they have secured some rigs past this drilling season so it does not appear to be necessary that they have to [short term] think about any kind of  'cash arrangement' with others but that does not mean that they have firmly shut the door to that concept. In most cases, eventually a junior that has the good, goods and has caused certain heads to look up might find it to be very beneficial to J/V or whatever with another large entity.  IMO, this season and next are critical with respect to sage's hoped for goals and also with regard to world events.

Best wishes,

Jerry Francis

Question, I don't know anything about Kinross but does that company have a history of acquiring mature juniors?