III icon resources ltd

significant tungsten producer production 2011

  1. 1,406 Posts.
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    The new M.D of Icon Mr Ian Sheffield-Parker takes up his roll on January one. (Could be English)
    The market has not received an Mt Carbine update since 29 October.
    Except for Dr Leons comment on the last Paragraph of the announcement dated16 Nov.
    Icon is now poised to become a significant tungsten producer with plans to start production in 2011. (Updates have suggested 1st Qtr 2011)

    Clearly Effective January 1 Icon has moved from being a Explorer to a Tungsten producer with a experienced production M.D being appointed.

    I am expecting the NEW M.D. to come out with Guns Blazing with an update as Icons share price has understandably suffered from no news.

    The market is looking for the following news.
    1. Plant commissioning date.
    2. First Tungsten slurry production.
    3. First Tungsten Slurry Sale.
    4. Off take agreement.
    5. Plant output.
    6. Revised drilling programme.
    7. Empting the water out of the open cut. (Note first productions from Tailings and virgin open cut digging to be used for at least the first 12 Mths)
    8. Allocation dates of the FRY shares. Note App $0.02 is not included in the Icon share price.

    There announcements will move the share price and I am expecting to see consolidation around $0.25 with the 1,2 & 3 then moving to say $0.50 as good news flows.

    NOTE I have personally thanked Dr John Bishop for his fantastic effort in keeping Icon alive during the GFC and steering the company from exploration to production.
    Thanks John.

    Please DYOR.
 
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