Hi guys
In August kalmsg posted a presentation about the proposed merger between lundin and eurozinc.
That presentation was 18 pgs long. They have released another presentation dated September 06, which is 33 pages.
The merger is definitely going ahead.
There is much more mention of UCL in this presentation. There is a slide showing that Mehidibad will be the largest zinc mine in the world. Pls refer to pages 24 and 26. Lundin claim they have an indirect ownership in Mehidibad of 7.5%
http://lundinmining.com/ezmlun/mergerpres.pdf
Shareholders will vote to approve the merger on October 19, next Thursday.
This is very exciting news for UCL and Im sure once the merger is effective, Lundin/Eurozinc will definitely want to see the potential in Mehidibad being realised. They will have more resources to allocate to the project to ensure that the potential is maximised.
Cheers
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