Goldhaven: Great post! Agree 100% as well. Was writing this as you posted. IMO nothing to worry about for SGX... they are doing what they have to do. My perspective on 'the link'... I agree drilling only way to remove any doubt but in the absence of SGX drilling (i.e. $) and KXL NR imminent (w/ like you said intercepts very close to SGX boundary?), SGX can easily prove to the market they have what KXL has via doing what they are doing.

Personally IMO, I think we may see a Golden Extension = Golden Mile confirmation NR from SGX very soon combined with KXL NR that inludes drill results from far NW as you suggest. Hopefully before Toronto conference but if not than shortly after.

red911

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As we all are aware, SGX will need to raise money to drill SE Jacobus. As we have discussed, ONE way to solve the 'money issue' is to get outstanding warrants exercised. Of course the necessary condition for this to occur is that the share price must be much higher (see below, 18-25 cents minimum).

IMO for SGX to get share price into the mid- to high-20's is simple (easy for me to say LOL). They just need to demonstrate to the market that without a doubt the Golden Mile and/or 'Hercules gold-bearing structures' extend and exist on SGX property. How do they do this without drilling? First, as SGX seems to be doing, they need to strip and trench, and strip and trench, and strip and trench. They need to strip and trench right to KXL border and physically uncover the connectionS. They also need to strip and trench additional veins on the property to demonstrate that multiple structures also exist. Second, they need to produce grab and channel samples comparable to KXL initial grab and channel samples. They last set of results was promising but we must remember this was only based on a 12m long vein that was hand stripped and trenched. Although IMO these grades were more than adequate, expect sampling results to improve as they have 300m, 500m?, 1km? of exposed vein to choose where to cut their channel samples. IMO the results SGX did pull in full 0.5m incrememts from just a 12m length of exposed vein were QUITE remarakable. Like I said, imagine when (i.e. now) they have access to 300m, 500m?, 1km vein to conduct sampling... you can bet the results will improve (again, not that I think for a second results to date have been anything less than spectacular).

That's it... strip and trench (preferably to KXL border) and produce comprable sample results. Correct me if I am wrong but isn't SGX doing this? Therefore, IMO Golden Extension = Golden Mile will be formally confirmed to the market soon. Combine this with additional KXL NR likely out before Toronto conference next weekend and IMO SGX share price could be well within range to enable warrants below to be fully exercised. Drilling plans for SE Jacobus will be announced and completed over the winter and results will propel share price much higher. Next PP will be MUCG higher than the last (i.e. $0.50).

The market has (I took this from KXL board but really like it) beaten KXL and SGX like a rented mule. There is no fundamental reason for KXL or SGX to be trading where they are. Fundamentals of both companies have actually been improving yet share price has not. Does not make sense but cannot go on forever. IMO we must be reaching that point soon.

red911

P.S. warrants below, lease note price of 5,428,570 warrants do not officially become $0.25 until Oct. 12th... they are $0.19 until then.