Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: They're back

Not sure why the ban hammer was applied to SGX but I'm glad to see it back. It looks like Clavos is the only game left for SGX but it does have promise. The 12,000 extra meters not included in the 2006 resource estimate is a good find that would cost about $ 2.5 million to drill today. There's not likely to be any spectacular numbers or SAS would not have closed the mine in 2007. On the other hand, the gold price has almost doubled since May ,2007 , so the economics have improved a lot. Sage should have begun the 5,000 meter drill program by now and should be releasing more of the unreported drill results as well. I doubt the newly discovered drill results would count in favor of SGX's earn-in agreement with SAS but it will add to the revised resource numbers. It's time to do some homework and track down the 2006 resource estimate. I still have my shares from over a year ago which are so underwater they don't see the light of day, but it may be worth adding some more.

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