I find that interesting. That is not what I had expected he would say. That being the case, then one thing is for sure, he would need to convince [down stream] a major that he can and will go the route and that means lots of work is ahead of him. Bringing up the grades to at least the 'indicated status', [plenty of infill drilling involved there], hydrometallurgical work that says a mine can be developed on an economical and environmentally friendly basis, scoping studies, prefeasibility and feasibility studies that will result in a successful bankeable feasibility study, pilot plants, plenty of cash that can be raised [10s of millions of dollars] and a host of other things that I know nothing about. Majors want the juniors to do as much front end work as possible before they consider a buyout senerio. We do not yet have any confidentiality agreements in place and I don't think we as Sage Gold are even on a majors radar yet. We are a young company and not at all ready for the above. That does not mean that there will not be plenty of trading opportunities available. I have a friend that has been catching the highs and lows nicely and now he has accumulated 1.3 million shares.

All the best,

Jerry