Iconic Minerals Ltd V.ICM

Alternate Symbol(s): ICMFF

Metals & Mining Industrial Metals & Minerals

Iconic Minerals Ltd. is a mineral exploration company focused on acquiring and exploring gold and lithium properties in Nevada and Canada. The Company holds highly prospective gold exploration properties in Nevada with the potential to host both Carlin-type and Round Mountain style gold/silver deposits. The Company, through option agreements, holds 50% interests in the New Pass and Midas South properties located in Nevada. The New Pass Gold Property consisting of about 107 unpatented mineral claims is located in Eastern Churchill County, Nevada. The Midas South property is located in the Ivanhoe Mining District, four miles northwest of the Hollister Deposit. Its lithium properties include Smith Creek Lithium Property and Grass Valley Property. In Smith Creek Lithium Property, it controls about 808 placer claims totaling 25.25 square miles over a major gravity low. The Grass Valley Property is a lithium exploration project consisting of approximately 997 placer claims.

TSXV:ICM - Post by User

Iconic Minerals Ltd

Bullboard Posts

Comment by Grandmoff000007on Oct 22, 2018 3:17pm

18 Views

Post# 28850383

RE:Wango.. icm balance sheet?

I looked at it and was not impressed. 1.3 million debt load....continued operating losses.
Quote from SEDAR
"At May 31, 2018 the Company had a working capital deficiency of $1,355,769. The Company’s ability to meet its obligations and maintain its current operations is contingent upon successful completion of additional financing arrangements, continued cooperation of creditors and related parties, and ultimately upon the discovery of proven reserves and generating profitable operations. These material uncertainties may cast significant doubt upon the entity’s ability to continue as a going concern."

Bullboard Posts

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity