ICN 0.00% 0.6¢ icon energy limited

I feel let down having reduced my s/holding by half on friday as...

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    I feel let down having reduced my s/holding by half on friday as I expected news then. Why RJ left it to the last minute to announce? quiet disappointing..

    Anyway that said, its still cheap so I'll top up early tomorrow morning. I think if the MOU becomes a GSA of which I'm optimistic about, we should see the SP between 0.60 - 0.90...immediately.. however the big money will flow when the reserves come into production and our first shipment to Sino in 2014... each year thereafter you could see a dollar EPS per year... so in ten years SP would be ~ 11 dollars and twenty years (2034) 22 dollars... this does not include Stan well GSA as we don't know much more about it...

    I predict this based on simple calculation... $32B / 20 yrs. = 1.6BN per year.. Suppose margin is around 30per cent (plain guess) =480M/ 439M shares on issue (currently) = ~1 EPS?

    What do you guys think.. ?




 
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