I am a long term holder of III.
Icon Market Cap in 12 Mths.
Current Market Cap 7 Mil.
Capital raising 3.1 Mil.
Options Due in 12 Mths @$0.35. 5.6Mil
Total 15.7 Mil in 12 Mths
Sales in 12 Mths 20 Mil. Profit 8 Mil.
Therefore “Back of Envelope P/E of 2.”
Note this is only from the Tungsten Mining.
No Allowance for the Tin & Gold.
Worth reading the last two announcements and the background of Andrew White the Chairman.
Please Do your own thing.
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