Item 1.

(a) Mercer International Inc

(b)     14900 Interurban Avenue South
	Suite 282
	Seattle, Washington 98168

Item 2.

(a) Platinum Investment Management Limited

(b) Level 8, 7 Macquarie Place
    Sydney NSW 2000
    Australia
(c) Australia
(d) Common Stock
(e) 588056101

Item 3.
N/A

Item 4.

(a) 5,669,847
(b) 15.6%
(c) (i) 5,669,847
(ii) 0
(iii)5,669,847
(iv) 0

Item 5
No

Item 6
No

Item 7
N/A

Item 8
N/A

Item 9
N/A



Item 10
(a) N/A
(b) By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.



After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set forth in this statement is true, complete and correct.