Timmins & Beardmore - Northern Ontario

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Message: Clavos... 4 cents before... 4 cents after...

It has no value to Sage yet because they haven't earned the option. They must spend $ 500k on exploration expenditures in the first year with the objective of expanding the existing resource plus other requirements over a three year period. At that point the option would be fully execised. That's why the drill program is so important. They will have no problem with money or earning the option if they cut some good core, given that everthing else( existing resource estimate, mine ramp, mill etc.) is already in place.

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