Chubbito, The placement will be a piece of cake imo. It is virutally impossible to buy any large amount on market (only 40m shares) so Im sure any placement would be heavily oversubcribed.
Also note the newest SSH - Jungle Creek, T Streeter. Im guessing he will want to add to his holdings going by his recent buying.
From yesterdays announcement - "The iron appears predominately in a haematite form rather than magnetite as reported at some other Congo projects." This is great news and will make a massive difference to future production.
1 - 2 billion tonne of dso haematite for $140m, page-10
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