I'm not a shareholder but follow ICN with interest.
The latest quarterly report shows admin costs at in excess of $900k each of the last two quarters.
Exploration costs for next quarter are expected to be $400k.
Cash @ bank end of Sept is $4.3m. At this rate cash will be exhauseted in 9 months...June2009.
I note director assoc costs are $233k for next quarter?
Where's all the money going and for what return??
admin costs are excessive
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