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
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