AAG 0.00% 28.0¢ aragon resources limited

how much longer can this stay under the radar?, page-5

  1. 337 Posts.
    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.
 
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Currently unlisted public company.

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