I read the JV agreement on SEDAR and Sage has to spend $9 million before Dec 31 2010...\

Sage hasn't got that kind of money and will have to dilute further to raise..

Gryphon just did a PP and raised $1.8 million and has about two point two to last for a while..so Sage will be busy in Nevada.and won't be giving much time to Geraldton properties..but I wouldn't buy them anyway..we might want to stake the GM extension when we can ..and cherry pick the rest of it..

So I guess that our management knew better than get on a sinking ship..

Portee