must be satimola

I must admit, I reasoned Satimola had no need to be negotiating its assets other than via an IPO.

But the sheer bullishness seen lately has got me thinking ...

Consider:

Satimola is still classified a junior in mining parlance (may therefore need the expertise of people at the industry coalface, namely Terry Grammer of STB and FMJ).

Satimola seeking to raise $100 million via an IPO (an amount which Fortis can now easily accomodate, with Madame Chueng and GEM on board, and an accelerating market cap).

Satimola was seeking listing 2nd quarter of 2011, with listings in both London and Hong Kong (2nd quarter, so timing looks favourable and HK, Madame Chueng connection).

Satimola will need to find $600 million to build the required infrastructure (a large amount which would be hard to raise without equity partners, and that could rise to $3 billion if they seek to expand their output, from 700,000 tonnes to 6 million).

Other facts:

The world will be in deficit by the time Satimola starts producing in 2013, only 2 years away.

Satimola's project is second only to BHP's Jansen mine, and Potash Corp's Saskatchewan mine.