June 24 Corporate Presentation...
posted on
Jul 03, 2008 04:06AM
Focused on becoming a near-term Gold Producer
New 'June' (filename: 'SAGE_PPT_June2408.pdf') corporate presentation on website... different from previous 'June' presentation posted earlier in June. Maybe presentation mgmt delivered on one of their 'trips'? Much is the same but a few new things...
Slide 6 now has 'Cash from O/W: $17.9 million'. Obviously this is assuming all Options and Warrants are exercised. FYI... last pp warrants had an exercise price of 75 cents. Cash on hand ($6M) plus cash from O/W ($17.9M) equals a significant cash position of ~$24 Million. On a fully-diluted basis there are ~191 million shares out but as I have posted before at least 30% of these would be owned by insiders/funds/institutions (likely a significant more as this only includes what I could find from my own DD).
Slide 8... total now 32,000 m for 2008 drill program (was 27,000m in previous June presentation). 'Paint Lake, Missing Link, Solomon's Pillars' now included as GOLD DRLLING TARGETS for 2008. They were not previous. We can really see the 'gold' in Sage GOLD shining through in this slide IMO.
Slide 13... new SE Jacobus mag map. Self-explanatory.
Slide 16... Lynx drill hole map... clearly shows connection of these zones. Wow lots of holes (red) for 2008 planned/drilled.
Slide 17 and 18... Kerrs. Previous June presentation didn't even have a Kerrs section. Left out intentionally most likely. Maybe we can expect to hear something from there soon. Nice mag map showing location of Kerrs and Eastford Lake (EXS-v)... results due at Eastford Lake soon.
Most of the rest is the same.
red911