spp new management tungsten shortage.

I am a long-term believer in Icon.
The current SPP at $0.075 upto $15,000 & options $0.15 June 2011 NEXT YEAR. SSP expires on 21 May.
Funds raised $2Mil.
Dr Leon Pretorius New Chairman has just lifted his holding to 9.6% is prepared to under right 5Mil shares or $375K and I am confident that Friends of Dr Leon would buy any shortfall.
The SPP is targeting loyal shareholders saying LAST CHANCE TO GET THE SHARE AT THIS PRICE etc.
Considering Dr Leons history PDN Deep yellow I am confident he has the corporate contacts to get the show on the road.

In Icons Announcement dated 27 Nov 2009 Slide 9.

http://www.asx.com.au/asxpdf/20091117/pdf/31m3d3s1rgg0x2.pdf

The Scoping Study Model at Nov 2009 suggests Mt Carbine is viable
share price of $0.56 and with resource expansion making the project bullet proof of say $1.60.

Drilling has started but Icon seem slow at announcing the results.
But Icon are prepared to spend $87K expanding the site and appoint a project Manager.

China the worlds largest Tungsten producer is cutting back supply therefore supply will be limited in years to come.

Off take agreements mentioned.
Will Mt Carbine be the Tungsten mining & processing hub in North Queensland?

I look forward to any updates.