icon ssp decision closes april 7.

Fellow Posters,

After doing my homework I have decided to proceed with the Icon SSP in both Portfolios. (Re Reading Announcements)

General comments & Justifications are as follows.
Note I am a fan of Icon and I was part of the original float.

• John Bishop & the Team at Icon are achievers and have so far exceeded my expiations in unprecedented times.
• The Directors of Icon are industry Mentors and have a following.
• The MetalX Team are quite achievers and have established a resilient business.
• The Polymetals team are professional Project and Mine Managers and will confirm Icon’s the due diligences buy 30 April.
• Polymetals experience means they know the rules and know how to EXPIDITE commissioning & production targets.
• Icon, Polymetals have access to the Collingswood plant which passes all the environmental conditions. (Per MetalX’s Website.)
• Mt Carbine is an existing mine site and I would suggest a large percentage of the approvals & infrastructure are in place.
• In reviewing the Icon Announcements and suggested cashflow from Mt Carbine tailing they seem to average out to.
1. 20Mil annual revenue Profit of $8Mil Tailings.
2. Tailing value $34Mil
3. Tailings have an in situ value of $30Mil to $40 Mil

Open Cut Mine
1. Revenue 2010 13Mil & 2011 15Mil open cut 26Mil (2012??)
2. Estimated annual revenue 16Mil.

Like all decisions on investing I see Icon becoming a Miner with a positive cashflow within 12 Mths. (Please Icon Expedite Mt Carbine)
When the $0.05 SSP Closes on Tuesday April 7
Polymetals confirms Mt Carbine Mine development.30 April.
Metal X deal conditions completed 29 May 09. (Note MetalX have already purchased the 5 Mil Shares)

I see the market will start to recognise Icon’s achievements and potential and the Share price will start to represent the true value of Icon.
Don’t underestimate the MetalX, Polymetals & Icon Grape vine

Don’t forget the TIN, GOLD & Iron Ore in the background.

PLEASE PLEASE do your own research.