Also remember, Sage's best hole from last Jacobus drill program (i.e. Hole 11 - 2.12% Ni and 1.02% Cu over 6.6m) ALSO contained 21.4m of 0.9% Ni and 0.55% Cu. Nothing wrong with those grades or widths. They will only get better with additional drilling.

Plus, remember what Lees said in the Jacobus release...

"The mineralized zone which starts at the surface can be traced down dip for 580 METRES. It is OPEN LATERALLY AND AT DEPTH. Sage is constantly improving its understanding of the geology of the deposit to help better delineate the mineralized zone. To find a high-grade, gold-rich zone in the adjacent host volcanics proved a pleasant surprise which will be followed up in the next drilling program.

"The program was successful in confirming some of the historical results and also in extending the zone. OUR DRILL PROGRAM PLANNED FOR THE FALL WILL TEST THE LATERAL EXTENT OF THE MINERALIZATION AND TRACE THE ZONE FURTHER DOWN DIP."

Very exciting times ahead IMO.

Also remember, TVX Gold.

Comments?

red911

---------------------------------------------------------------
red911 wrote:

NOT-v and SGX-v have a variety of different properties. However, the appreciation today for NOT-v (i.e. +105%) was due to Ni-Cu results (i.e. 36m: 1.84% Ni, 1.53% Cu) from their Double Eagle property... a property that seems to closely rememble Sage's Jacobus property. The grades reported by NOT-v today were no higher than recent grades reported by Sage at Jacobus on July 24th, but the widths were a little larger (i.e. 36m versus 6m).

HOWEVER, Sage will be drilling 6,000m (i.e. 3 times the previous drill program) at Jacobus THIS MONTH. The grades are there to match NOT-v. The chances of them pulling these same high grades over some larger widths are VERY GOOD IMHO with the increased knowledge they have gained about the property with each and every program.

A similar hole with similar widths and a similar 100% gain for SGX-v would put us at about 30 cents. But, MORE RELEVANTLY, a similar market value gain (FYI... NOT-v gained ~$80 MILLION in market value TODAY) for a similar hole would put SGX-v at about $0.89 (i.e. $0.14 + $0.75).

Like I said, the grades ARE there. They have already proven that.

Time will tell but the chances are very good. Downside limited IMHO.

Very long.

red911

SGX:
Shares: ~108M
Market Value @ 14 cents = $15 million

NOT:
Shares: ~90M
Market Value @ 1.74 cents = $156 million
(FYI... NOT-v gained ~$80 MILLION in market value TODAY)