III icon resources ltd

tungsten production xmas plant purchased., page-6

  1. 1,406 Posts.
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    dkelleher,

    The PREVIOUS management team lacked credibility and the new Chairman and CEO are at lents to ensure they exceed Shareholder expectations. I am confident they will be inproduction Cash flow positive well before the targeted date therefore restoring credibility.

    Dont forget. Per announcements presentations.
    Processing the tailings Start by xmas. Production 50t/mth, EBITA $5Mil/yr Capex $4M tailings Stock Pile Life 2 years . That?s EBITA of $10Mil over 2 years.
    Start up 2012 Low Grade stockpile of virgin mine diggings Production 100t/mth EDITDA $15mil/yr Capex $20M Mine life (Stockpile Life) 5 Years.
    Hard rock (Reopen existing mine pit) 200t/mth EDIT $30M /yr Capex $5Mil Mine life 10 Years plus Know reserves purchased surrounding leases.



    I which I could buy your rights.
 
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