III icon resources ltd

Inxs,I too paid .15cents. Most shareholders are underwater with...

  1. 473 Posts.
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    Inxs,
    I too paid .15cents. Most shareholders are underwater with this baby. It will be interesting to see if there will be a shortfall with the CR. It's nice to see Leon put his money where his mouth is.
    In the offer document they advise that 50 tonne per month of WO3 concentrate for two years is what they are seeking from the tailings. At a conservative $US350mtu gives them a gross number per month of $US17,500. The operational expenditure needs to be deducted from this gross amount but I have no idea what it is. Have I got the numbers right as it seems somewhat paltry? Can anyone help please?
 
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