AAG 0.00% 28.0¢ aragon resources limited

market cap, shareprice etc, page-33

  1. 337 Posts.
    cdchi1

    unless I missed something no resource has been announced by DRM.

    Let me do a quick resource calculation for you on Wilber:

    length 200m
    depth current 200m
    width 3m
    Density 2.7
    Lets be generous with the grade and make it 1oz/m which will have a top cut applied by the resource geos but lets not worry about that for now.

    Gives you: 200x200x3x2.7 = 325000t @ 1oz/t = 325,000oz. This is inferred with no internal dilution and so forth applied

    So a long way to go in my book especially if you want to mine the thing, maybe not yours.
 
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