the 3 early placements - $3.20 that Dundee was involved in - The...

the 3 early placements - $3.20 that Dundee was involved in - The $2.50 placement and Retail SPP and the $2 first placement to M & G were all at S/P discounts which is the norm for Soph and insto placements.

The $3.90 and $4 placements to O.W were at a premium - The $3.60 placement to NAAIL was at a premium but below $3.80 that O.W reneged on - The $4 placement early this year to M & G was at a premium.

The recent $3.90 placement to Sinosteel and the shipping company were at a discount to the S/P.

So it could be the coming placement could be done at anywhere between at 10% premium down to a 15% discount .

Hoot