icon energy company overview, page-13

Hi Dan1, Yes, we all have different ways of identifying short, mid and long term valuations and each of us determine current and forward value according to the various data, announcements and assets ( both current and interpreted).
Regarding ICN, the recent annual report contains a lot of good information upon which upside can be estimated and the MOU for $20 + billion is on top of what is contained in the annual report.

When I bought into Felix Resources and Queensland Gas Company, ( in abaout 2004, which have both since been taken over at huge premiums) they were both in the similar emerging stock category that I place Icon Energy in. The difference being that ICN has more contracts and MOU's than FLX and GQC had when I bought into them. They both proved to be good purchases for the same reason I think ICN is. And whilst ICN has current forward sales agreements, they have a lot more yet to evolve. There's a lot more than just the current MOU to look forward to I believe.