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Icon Energy Ltd V.ICN


Primary Symbol: ICNOF

Energy Oil & Gas E&P
Icon Energy Limited is an Australia-based oil and gas exploration company. The Company has a 100% interest in, and is operator of, the ATP 855 tenement and the basin-centered gas resource that it contains. The Company’s ATP 855 is located in the Cooper-Eromanga Basin on the eastern side of the Queensland and South Australian border. The Company's tenements include ATP 855, PRL's 33-49, ATP 594, PEP 170, PEP 172, and PEP 173. PRL's 33-49 are adjacent to ATP 855 on the western side of the border, and both permits share part of the Nappamerri Trough. ATP 855 is located in the Nappamerri Trough, one of the six troughs within the Cooper Basin. The tenement covers the deepest part of the trough, containing the thickest sequence of Permian sediments in the entire Cooper Basin. It is within these sediments that a large, unconventional, basin-centered gas resource has been discovered that extends across the entire tenement. ATP 855 occupies a total area of 1,679 square kilometers (km2).


OTCPK:ICNOF - Post by User

Icon Energy Ltd > Why Not Running
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Comment by SevenFigureson Aug 17, 2011 3:51am
323 Views
Post# 18950339

RE: RE: RE: RE: Why Not Running

RE: RE: RE: RE: Why Not RunningAllen

I was able to dig up a Canaccord document from 12-15-10 (although not the link from a few weeks ago, it does show some great data, page 1 and page 36).

For gold in-situ, it shows Au equivalent arithmetic average across over 40 mining stocks as being $158.76/oz CAD, and also it shows $101.50/oz CAD for the weighted average.

Of course on 12-15-10 gold was priced at $1386.20 USD, and silver was $29.25 USD. Gold is 29% higher with silver an impressive 37% higher.

I'm comfortable with using the $250 figure, although as noted it's still a 10-bagger if using $175, and this is after factoring in eventual Lode-Star 13% dilution, and only taking into account GF Bonanza, and disregarding my strong belief that gold will sail past the 1980 inflation-adjusted high of $2400 in Q1 2012.

https://www.scribd.com/doc/59336108/Canaccord-Junior-Mining-Weekly-Dec18-2010

https://www.goldalert.com/2010/12/15/

USD about 2% weaker since 12-15-10 as well.
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