Hi Dan1, Yes, we all have different ways of identifying short,...

Hi Dan1, Yes, we all have different ways of identifying short, mid and long term valuations and each of us determine current and forward value according to the various data, announcements and assets ( both current and interpreted).
Regarding ICN, the recent annual report contains a lot of good information upon which upside can be estimated and the MOU for $20 + billion is on top of what is contained in the annual report.

When I bought into Felix Resources and Queensland Gas Company, ( in abaout 2004, which have both since been taken over at huge premiums) they were both in the similar emerging stock category that I place Icon Energy in. The difference being that ICN has more contracts and MOU's than FLX and GQC had when I bought into them. They both proved to be good purchases for the same reason I think ICN is. And whilst ICN has current forward sales agreements, they have a lot more yet to evolve. There's a lot more than just the current MOU to look forward to I believe.