"That cash limitation, and the uncertainty around Sage's ability to raise the necessary cash, seems to be the cause of it's share price decline. Of course, the value of those two new properties could also be the cause of their share price having stabilized where it is now."

Agree... cash does seem the only limiting factor re: SGX right now. They have the deals (50% and 60%) for two near-production properties... Borealis can be a 50K oz Au per year in about 9 months with about $18 million. With a big float shareholders have approved a consolidation but IMO they will execute the same time they announce financing to answer any and all questions about companies immediate future (and hopefully eliminate typical 'consolidation leads to share price depreciation' situation IMO). Shareholders also approved issuance of preferred shares at last AGM... thought that was interesting as why would 3 cent junior with massive float need to issue preferred shares?... or why would anyone even want them? LOL. Also good thing IMO.

So... where does that leave SGX IF they do come up with the money required to move to producer status within the next year?... Current market cap of SGX at 3 cents is only about $8 million?

Point is... if SGX can do such deals with virtually no cash then KXL with cash should be able to do the same, if not better... Management just needs to be able to execute such deals. Not saying they can't but that is a key deciding variable IMO.

red911