Timmins & Beardmore - Northern Ontario

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Message: Merge with KXL...

Let's be clear here, by major involvment I was specifically referring to a merger of companies ... ie KXL and SGX merging or being taken out by a major ... it's way too early for that. Majors are typically not in the business of exploration but would buy a proven deposit and then work on expanding it.

That's not to say that a major might take a lesser roll in a junior exploration ... K.to already owns 8%+ of Sage ... investing another $5 million (about 0.5% of their working capital) in Sage for further exploration would give them a big chunk of the pie and would keep exploration costs off of there own financial statements. But first Sage has to show them there's something worth investing in.

Not saying any of this will happen, but while we're all speculating ... and then there's Jokal's statement which I would also not rule out (in conjunction with some of the above)

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