First chance to sit down and have a few beers and read the AR, WOW a good read. So they have a drill for 3 years!!! Cheers back to the fridge

Read this

On November 1, 2007, Sage signed an agreement with Cobra Diamond Drilling Limited, whereby Sage

agreed to advance $500,000 in order to obtain an exclusive right to the services of a diamond drill rig for

a period of twelve months, together with a first right of refusal on the services of the drill rig for a period of

three years. The advance will be repaid to Sage, based on a mutually agreed upon calculation, by partial

deduction from Cobra’s monthly drilling invoices. The agreement calls for a minimum drilling commitment

of 22,000 metres, by which time the advance will have been repaid.