Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: Ok, now to open up the floor

I have been involved with another stock for 8 years. The present board of directors are high grade pro's with extensive mining backgrounds. They are talking about going the route themselves [I hope they don't] and we are hearing dates like 2010. That will make it 10 years that I am with the company. As Red said, the expenses of becoming a mine are a strong factor. This other company plans to build a product pipe line to Rankin inlet [50 mile trek]and that alone will be 30 million bucks. For Sage to go from the prefeasibility stage to the bankable feasibility stage and set up a possible mini-plant will entail a lot of money. This does not include the metallurgical work and a host of other things whose names I can't even pronounce. Big bucks guys. My vote and my hope is that Sage  will get taken out by a Kinross or Yamana type company. Better yet, why not gold corp. LOL. If Sage goes 10 more years, I'll be 80 and I am afraid it could be a moot point for me by then. LOL.

 

Best wishes and that was a good floor opening idea,

Jerry Francis

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