Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: Re: Website
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Nov 09, 2009 03:01PM

Re: Website

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posted on Nov 09, 2009 10:41PM

Two interesting comments from the video. One is that financing is available for the right kind of acquisition and secondly, that Kinross had been " very supportive". Presumbably Sage would have to acheive certain benchmarks for Kinross to take any significant participation. One would probably be acquiring enough properties to have a sufficient land base with good exploration potential. Recent and planned acquisitions would achieve that. The second and most important would be good results from the 3 project areas currently being drilled. I would personally prefer a PP with Kinross to finance the next couple of years because although it is technically dilution, practically it wouldn't really add to the public float. Those shares would be tightly held. Now , about those pending assays....

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