AAG 0.00% 28.0¢ aragon resources limited

From SCE report on MLX:Aragon Resources (AAG)MLX has an 8.7%...

  1. 6,439 Posts.
    From SCE report on MLX:

    Aragon Resources (AAG)
    MLX has an 8.7% direct interest in AAG and WGR has a 20% interest, giving MLX
    a total effective interest of 28.7%. AAG is a gold explorer and potential 2012
    producer in the Murchison region of WA. AAG has total resources of 2.0moz and
    a market cap of $60m or a low $30/resource oz
    Work is proceeding at full pace to assess a return to production, which would be
    the first time since operations ceased in 2003 when gold prices were less than
    half of what they are today. It is envisaged AAG will utilise a new plant or one of
    several mothballed plants in the district to move into production.
    Furthermore, the combination of experienced management and highly
    prospective ground gives a reasonable chance of a discovery.
    In SCEs initiation report on AAG (June 2010), we valued the company at 31c per
    AAG share current and 45c 12 months

    Cheers
 
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Currently unlisted public company.

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