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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

Metals & Mining Industrial Metals & Minerals
Iconic Minerals Ltd. is a Canada-based company, which is engaged in the acquisition and exploration of exploration and evaluation assets. The Company has various lithium and gold exploration projects in Nevada, United States. The Company's Smith Creek Lithium Property covers approximately 808 placer claims totaling 25.25 square miles (65.4 km2) over a gravity low. The enclosed Smith Creek Valley Basin covers 582 square miles (1,507 km2), which is slightly larger than Clayton Valley Basin where lithium brines are produced. The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Its New Pass Gold Property is located in Eastern Churchill County, Nevada. The New Pass Gold Property is comprised of 107 mining claims. Its Midas South Gold Property is situated between Ivanhoe mine and Midas mine along the Carlin Trend. The Midas South Gold Property is located along Nevada’s gold belt-the Carlin Trend.


TSXV:ICM - Post by User

Iconic Minerals Ltd
Bullboard Posts
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(2)
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Post by biggerironon Sep 26, 2019 3:40pm
461 Views
Post# 30167740

A Proforma Presentation of the Potential of ICM

A Proforma Presentation of the Potential of ICM
 
@tonto LET’s LOOK AT THE CASH FLOW NUMBERS:

We are talking about 28.5 Million Tons of LCE. The current price per ton is 16.00. let's assume that total production and overhead is 8.00 per Ton.
So let’s assume that total 43-101 reserves identified will be 14 Million tons, (or 50% of current resource estimate, this is very conservative assumption)
14.000,000X2000=28Billion pounds (Not used)
Current lithium price is 16/ton, Total net profit, 224,000,000 (
Stock outstanding 82.6 Million
Net Profit per share, 224/82.6 ====== 2.71 per share
The current resource does not include the balance of the BC lands and 2 other projects
Given the land bank not accounted for, the per share figure above is very much in the ball park.
So any economic financing will start moving the stock towards 2.71
The executive team knows this and they are taking their time to show a financing.

This is a copy of a calculation, done by @TONTO at CEO.CA, when I saw this I really got excited, and I will buy as soon as I can free up some money.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities