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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

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

Bullboard Posts
Comment by coincollectoron Mar 22, 2019 1:06pm
24 Views
Post# 29523888

RE:Let’s look at NLC and us

RE:Let’s look at NLC and usIMO ICM is in a holding pattern pending profitability news. Reminds me of the oil sands. Lots of resource, but not sure if the costs will exceed the profits coming out. The oil sands took 20 years to turn around into profitability (50 years ago, so things moved a lot slower then). They were subsidized by the Canadian government during the low times to get the project off the ground. We could also be subsidized... especially if the Democrats win next election. Nearly every project increases efficiency as time goes on, so we should see a nice profit curve grow year after year. That is why I am long on this project but a big company will likely buy them out first - when they feel they can pay a good price for a proven / low risk resource. As for our current situation, things seem hung up on something. Is it the potassium extraction? The contract terms between SX and ICM? I believe this project will be profitable from the start and will get better and better with time and therefore is a great buy-out target. But first we need to prove profits first, and then the bidding war begins... exciting couple of years coming up!
Bullboard Posts