AAG 0.00% 28.0¢ aragon resources limited

Issuer Name Aragon Resources Limited Shares on Issue...

  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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