Virtually every company is down,good ,bad or in between.Even kxl . I think that Sage should concentrate on conserving money period. The last thing that Sage needs is to spend their money on excessive drilling in Jacobus only to maybe prove that they have a golden mile extension. It is already assumed that they do!! What is holding us back are the terribly sick markets that cause even great companies like teck cominco to drop by half or more.

Do we really want to show some good drill results and deplete the treasury only to see the sp show a sort lived small spike under these conditions?? Would we really want to have to do another PP under adverse conditions?? Sage will respond well to 2 things at this point;

- an overall improvement in the markets generally and gold in particular

- good or great news from Kodiak.Like it or not we are tied to Kodiak at this point and I for one am very happy that we are!

Cash is king now. We have some , so let's keep it. Rico