Issuer Name Aragon Resources Limited Shares on Issue 202,530,775 Price (previous close in cents) 17.5 Market Cap ($) 35,442,886
Lets say they prove up 2 million ounces @ US$1,250 gives a value of US$2,500,000,000 or @ 0.9 x-rate around $A 2,750,000,000.
Rate the oz at say 10% of their value in-ground leaves A$275,000,000 or about $1/share if you take options etc into account or around $1.25/share without.
No probs about funding a mill for $100 million with plenty of spare cash.
AAG Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held