III icon resources ltd

Just to be crystal clear: I am not advocating in favor of...

  1. 1,559 Posts.
    Just to be crystal clear: I am not advocating in favor of selling the company at all! The exact opposit is the case.

    It is my impression that Icon's valuation at 11 million is a bad joke when I compare it against some other companies' pie in the sky unfunded 2013 (not gonna happen!) projects with an unachievable schedule attached to it, promoted by a management team with a track record of missing their own deadlines on a regular basis. These companies are valued 3x higher than Icon, based solely on a resource estimate of tungsten in the ground. Once production start there keeps being deferred into 2014 or beyond and Icon starts ramping up actual production, we will most probably see a re-rating of both.
 
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