miner of tungsten and pe of 1 in 12mths

Yes I am up selling this company but the figures and the people look to good.

I was in the original $0.20 float of Icon Sold @ $0.62 Lucky.

After the rights issue closing July 3 Icon will be debit free and will have the $ to be mining Tungsten within 12 Mths.

In reviewing the top Shareholders 14% is held by Steve Barthrop.
http://www.stockresource.com.au/show/AboutUs#People
Andrew White Chairman is Previously exploration manager at Comalco and Poseidon;
http://www.iconresources.com.au/directors.html



Estimate P/E calculations are as follows. (per earlier posts)
Therefore 12 Month market cap at today’s prices.
Current Market Cap 7 Mil.
Capital raising 3.1 Mil.
Options Due in 12 Mths @$0.35. 5.6Mil
Mt Carbine Share issue 770K
Total Say 17Mil @ $0.21 in 12 Mths
Sales in 12 Mths 20 Mil. Profit 8 Mil.

Estimated PE of 1.

Without the Gold and tin in the calculations.

I have been buying and will be taking up the rights issue.

Do your own thing but worth a look.
If we get market recognition my target is $0.75 after all it has already hit $0.71.