Even without this GSA, ICN is IMO already worth more than the current market cap. 20mil in the bank (rough guess only), current agreement with Stanwell, and a minimum of 40% stake in what is shaping up as a company making permit in ATP855. Chuck the GSA in on top of that and well this definitely is a no brainer.
The thing I like most about this is that it shows that management have the goods when it comes to getting the deal done (now two major agreements, even without any proven resources). At the end of the day it is usually managements ability to secure these deals that will make a company fail or flourish. Just have a look at your recent success stories like Andrew Forrest, Clive Palmer and Gina Reinhart, sure they had the resource in the ground, but what set them apart from other companies that had a resource was their ability to secure these big deals. I think to be successful in any business you have to be a good salesman and from what I am seeing current management at ICN would appear to have the goods.
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