Fellow III posters.I am a big fan of III and I am comfortable to...

Fellow III posters.

I am a big fan of III and I am comfortable to be in Icon for the long term why.

• Mt Carbine pending Cash flow.
• Tungsten is a “Strategic Resource”.
• Tungsten price holding.
• Limited Tungsten known resources.
• Not like other “Small Caps” Tungsten is in short supply.
• Mt C existing mine with limited “Start Up” external obstacles.
• Dedicated and EXPERIECCED TEAM.
• “Back the management”
• Percentage of Shares to be issued to get Mt Carbine & Icon cash flow positive very small.
• Number of shares on Issue very small.
• Real chance of a P/E of 2 in 12 Mths (Current $0.20).
• “Back of Envelope calculations” $2.00 in two years.
• Directors hold 27% and are buying.
• 2 of 3 Directors Hands on.
• Directors hinting at a “White Knight” investor.
• Banks flushed with funds. Icon has already HINTED that Mt Carbine the Plant & Equipment will be leased. (Self Funding)
• No Bank debt.
• Mt Carbine Plant and equipment available Ex China.
• Tungsten tailing & Refining/sales contracts negotiations well advanced.
• Steve Barthrop & Other directors contacts.
• Directors objective for the $0.35 Options expiring 30 June 09 to be taken up.
• Shipping processed Mt Carbine tailing buy June 09 Tight but achievable.
• Tin Project progressing.
• Iron ore project long term.
• AMG 20 Nov hopefully some strategic announcements.

The only Negative I have is the World economic meltdown which is a concern for all the companies.

Please do you own research.