tungsten production late 2011 brr update., page-9

For Info,

Please find below a link to a Broker presentation off the Icon website dated 22 Feb. I have not seen on the ASX announcements.

On the 3rd last page on Page 11 it gives detail Capex cost and EBITDA Mine life Etc for Tailings, Stockpile & Hardrock.
(EBITDA earnings before interest, taxes, depreciation, and amortization)

Tailings Bottom line is they need to raise $4 Mil with a 12 Mth EBITDA of $5Mil/Year Tailings life 2 Years.
12 Mth payback seems very attractive for a Cornerstone investor.

With Icons current market cap it must be vulnerable

http://www.iconresources.com.au/AnnouncementRetrieve.aspx?ID=46205

PLease DYOR.