Timmins & Beardmore - Northern Ontario

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Message: Onaman and share price

I ran some back o' the napkin #'s last week on Onoman.

at 6 cents Sage will have a market cap of about 14 million post amalgamation with CPW.

Using conservative valuations (ie below current market averages) of insitu mineralization... copper @ $.10/lb, Silver @ $.50/oz and Gold @ $25 per oz, that puts a value on onoman of just over $8 million.

Plus post amalgamation Sage will have around $4million in cash.

Now we're almost at the $14 million already.

Some things to bear in mind... the Onoman resource is inferred and is currently dormant (ie. no work being done on it) so the market is likely not giving any value ot it right now.

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