GG & Thatsgold,
In reviewing the last announcement it seems that the Directors have a plan.
Complete the “Independent Scoping Study” buy End Sept and I assume it will include the following data.
• Value of the Tungsten deposit, Tailings(“30 to 40Mil”) Main pit etc.
• Dollar value of the plant and equipment.
• Mine life.
• Mining Method.
• Formal “Due Diligence”
• S.M.A.R.T development plan
• Marketing Off take Plan.
• Competitive advantage.
• Environmental impact comments.
I assume this will be the INDEPENDENT, TEMPLATE, and JUSTIFICATION to confirm the VIABILITY of Mt Carbine.
Assuming the ”Independent Scoping Study” confirms the true potential ICON has the data to take the following steps.
• Decide on the optimum financing deal.
• Confirm “off take” agreements.
• Raise Capital via Broker sponsored Capital Raising and hopefully an SPP.
• Negotiate with “SEVERAL PARTIES HAVE NON BINDING PROPOSALS”.
• MLX might have the money from the Tas Sale?
• “The company is in discussions with a number of parties WITH TUNGSTEN PROJECTS in north Queensland as well as potential international PARTNERS”.
• But with the Scoping Study Icon should be able to NAIL A DIRECTION.
I have found ICON in the last few months to be Frustrating but I feel within the next 2 Months we will finally see the long awaited change from a struggling exploration company to a Mining company. “As Icon continues to seek the BEST VALUE for shareholders.”
We finally have a light.
Don’t forget Mt Carbine is not the only Resource but currently the “Jewel in the Crown”
Please do your own research.
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