UCL ucl resources limited

ucl's equity in mehdiabad to be 65%

  1. 571 Posts.
    An extract from:

    http://imagesignal.comsec.com.au/asxdata/20050727/pdf/00535780.pdf

    "UCL objective is to achieve a majority interest in the project, ideally close to 65% by continuing to provide the bulk of the project funds."

    65% of +US$1000m NPV!

    This thing is set to explode - we have not seen anything yet.
 
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