The reality is, if/when a takeover occurs it will be from an...

The reality is, if/when a takeover occurs it will be from an international mining house that has no concerns with Iran.

Lundin, are obviously a front runner, but other potential parties include Glencore, and Korea Zinc.

With a market cap of less than $60m but a resource NPV of a few billion, the reality is, this is on the radar of the large zinc producers.

Zinc, you're spot on in saying Rio Tinto's presence in Iran is a huge positive for UCL. They apparently are going to town prospecting in this mineral rich country.

cheers