mt carbine negotiations win win status update, page-34

aurumasx
My dad always said to me.

“The Art of buying is not having to buy.”
“The Art of selling is not having to sell”

Looking at the data.
• “Several” parties are interested in Mt Carbine.
• “Several parties” must be close to completing “Due Dillagance”
• Tungsten is a “strategic resource” and would the Chinese be interested in refining and therefore becoming an investor?
• As confirmed Icon seems to be committed to “Subcontract the Mining”
• Negotiations are continuing with MetalsX, Polymetals & others.
• MetalX have a further Tungsten interest close Mt Carbine.
• Icon needs Cash to continue other exploration.
• Mt Carbine is icon’s key focus but don’t forget Icon’s GOLD, TIN, URANIUM & IRON ORE at various stages of Exploration. The Gold has to be close to an update.

BUT BUT Icon is venerable.
• Market Cap 60 Mil Shares @ $0.07 SAY $5 Mil.
• Incredibly undervalued.
• $5 Mil looking at the data is not even One years profit from Mt Carbine. (Refer Icon’s post below)
• As at Sept 08 61% of Icons shares are controlled buy the top 20. (Maybe Original Holders)
• Approx 38% of the shares are held buy the directors.

Clearly when Icon sits down with “Several Parties” to “skin this cat" they should have an incredibly long sharp knife.

As a Shareholder I am starting to get excited. We should be updated soon.

Thanks Again,
Todays.

http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=iii&timeframe=Y&year=2008