kingquail,If they raised a small amount ie. sub $4m (at 20-25c),...

kingquail,

If they raised a small amount ie. sub $4m (at 20-25c), the dilution would be negligble and it would be privately placed. That is always a possibility.

Now if it was an SPP for the existing 700 shareholders for the "Super Alloy Project" it would be for a much larger amount and I would think they would take everything they could get (I know I would). So I think the impact would be small.

I'd be guessing at this stage of the project, that a placement if any would be the option.

For any of you people that want to see valuations coming through on the mineral sands miners, go to DRX's website and download the Intersuisse Report. If a project that hasnt even had a BFS, is going to cost over $200m and net $28m is worth 30c, against IDM's that is complete at the end of this week, cost $50m and nets $28m, IDM is worth $1.

Pep