p 65 of today's fin review 'iran loses lustre for Rio''Rio Tinto...

p 65 of today's fin review 'iran loses lustre for Rio'

'Rio Tinto plans to pull out of the Sari Gunay gold mining project in Iran because of lower than anticipated reserves'

union gets a mention 'But Brisbane-based Union Resources is planning to develop the Mehdiabad zinc deposit in central Iran, which is considered to be one of the world's largest'

key point they pulled out because of not enough reserves, not because of the location.

the fact that they were even considering doing business there in the first place indicates that iran isn't the lost cause that many people make it out to be.

i joined the rank of ucl shareholders yesterday. good luck to all ucl holders.