Icon Energy Ltd V.ICN

RE: RE: RE: Why Not Running

[allenbow]

>>Conservatively, let's use $250 oz in ground<<

Try $35 in situ.

Check out Pretium's bonanza deposits in the Valley of the Kings NE of Stewart BC. Do the math. That is what the market is pricing in this world class deposit which by the way is 2- 3 years away from being a producer with an IRR that gets to B/E in 2 years.

Where on earth do you get $250 as being conservative? I wish it were true but not in this market which for juniors is 1. Undervalued and 2. Undervalued because financing is hard to come by during, lest we forget ,The Greater Recession.

Don't label me a basher I have a bucket of ICN but they need to stop drilling twins and into the same structure which has led some I am sure to question a nugget effect as opposed to a broad based discovery over a large area with long intercepts further away from the initial strike.

I am confident this will come but for the price of the stock not soon enough for me as I am the impatient kind but grind it out I will - fresh assays will come and the true scope of this deposit will be known and I am betting it will be a doozie.

Then the rest of the semi comatose market investors will wake up and take notice.

Then maybe you can start pricing gold in the ground for ICN at $250.

Just my thoughts.