new to iii, page-4

Thatsgold & Darryle,

Fantastic to be on the Icon thread you both.

I have met the new CEO Ian S.P. and am very impressed with his drive & detail approach.
With Dr Leon (Finance) Dr Ian White (Technical & Mt Carbine Experience) we have the team.

I trust you have lessened to the following link.
http://www.brr.com.au/event/78542/icon-resources-receives-strong-results-from-ore-sorter-testing-at-mt-carbine-ian-sheffield-parker-managing-director?popup=true&wl=353.

Also It is interesting to review the presentation dated 22 Feb The Tungsten Company.
Link.
http://www.iconresources.com.au/AnnouncementRetrieve.aspx?ID=46205

In referring to the Summary page top line Icon need Capex $4 Mil with a 12 Month $5 Mil EBIT to start tailings production. Also $10Mil capex for the project.

The question is how will this $4Mil be raised, Shareholder, SPP Institutions, Loans, Cornerstone, off taker, or a Percentage of each?

The CEO Ian P.S. per his plan need to get a the final independent data and Icon is ready to confirm the financing method.

An Off take agreement is the next key milestone and the market will take Icon seriously.

My holding is only 1/3 of what it was (am buying around $0.12) and I believe Icon now has a concrete future and I am expecting capital raising shortly.

Icon is committed to Production, Positive Cashflow 4th Qtr 2011 but the word SHORTLY was used in the presentation above.

Thatsgold & Darryle I look forward to the ride with you.

Do not forget Icon is venerable (Market cap 16 Mil with 12mth $5Mil EBIT Capex $4Mil) with a proven viable Tungsten mine.

Please do you own Research?