aragon hits 2 million ounces

Wow - there's my 2 million ounce target hit ahead of schedule!

Good start to the day. Using new cash balance from quarterly of $4.8m, share price of 28 cents gives an E/V ounce of $27-ish.

The upgrade is for high grade gold too, circa 9 g/t overall.

"Aragon is targeting a mining project capable of the production of 100,000 ounces per annum over an initial 10 years which at this stage is only 50% of the available resources being utilised."

Committing to 10 years with discovery upside. Mining studies due in December quarter. Giddy up!

JT