As an active investor and project developer, the primary objective is to develop a strong portfolio of high growth demand metals that offer the potential to deliver substantial shareholder value.

Since its establishment and listing on the London Stock Exchange’s Alternative Investment Market (AIM) in 2007, the company has developed a portfolio of large-scale exploration assets, investments and joint venture projects.

Key strengths include an experienced management team of mine development professionals, with a proven track record of taking decisive corporate actions to secure value-adding results. URU Metals continues to pursue new opportunities, driven by the quality of each proposition, whether stand-alone acquisitions, earn-in joint ventures or direct interests in promising natural resources projects.

Website - http://www.urumetals.com/

News - http://www.urumetals.com/media/news

Price is currently at all time lows & fallen from a high of 16p. W H Ireland should provide an updated coverage on Narke after this week's fantastic news and revised their target price way higher than 4.50p too imo. The company have said on more than 1 occassion this year that they hoped the share price would reflect and I'm sure the company continues doing more on the PR front.

But as the house broker has stated they haven't even included Zebediela which could be the rabbit out of the hat despite the excellent news on Narke this week.

URU is definitely one to hold for the next few weeks as hopefully re-rating occures & I expect more positive newsflow.

Cameco or any other major should bite the company's hand for a JV on Narke or even selling off the asset. The chairman has great links and was previously on the board of a major like Cameco.

I have been buying into many juniors since mid-August but only those that are good on fundamentals too. IMO URU is great on fundamentals with the sizeable assets. 3 brilliant projects and I don't think there are other such bombed out stocks where one can get in the bottom before all the bits come together.

This weeks news on Narke was a game changer and Oil now as the primary product and Uranium as by product.

IMO many in the world like Oil ahead of Uranium. But all that is just Narke and as I have stated the below could be even bigger.

News pending on the below 2.

- We value the risked potential of URUs share of Zebediela at US$111 million
or 32.5p/share. Bringing in a major partner and diluting URU would still
leave plenty of value in the project for the company.

- Excellent opportunity at Nueltin – URU earning an option from Cameco on a
gold-uranium mineralisation with, in our opinion, significant potential

All facts from House Broker research note. These notes are without this week's fantastic news on the Oil side of things and hence imo URU is worth a alot more than 4.50p now and even at 4.50p Zebediela wasn't factored in. IMO URU is worth at least 10p now and a 13m mkt cap. See how much Zebediala could be worth on its own.

- Excellent opportunity at Nueltin – URU earning an option from Cameco on a
gold-uranium mineralisation with, in our opinion, significant potential

- We see Niger as a non core area for URU. Security situation not ideal and
URU may well choose to JV its properties – after developing some very good drill targets. We believe URU may well have a choice of partners.

- URU has cash to advance its Nueltin project and complete early
reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price.

- Catalysts for a short-term increase in share price: Successful field season
at Nueltin and a result in the SAN arbitration.

- We emphasize the upside potential in the SAN project – the Zebediela
project is large scale and potentially rewarding.

- We value the risked potential of URUs share of Zebediela at US$111 million
or 32.5p/share. Bringing in a major partner and diluting URU would still
leave plenty of value in the project for the company.

- Narke – early stage and a technology dependent. Too early to imagine any
upside from this project yet (after yesterday's news) imo further coverage should follow.

- URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects.

- We initiate with a Speculative Buy recommendation and a 4.5p price target.

"To date, URU’s expenditure in the SAN JV is approximately US$4.2 million".

http://www.urumetals.com/portfolio/projects/nickel

So if option 2 happens and URU does not retain its stake but gets its investment back then quite a handy circa £2.50 million pounds and just less than the current mkt cap. On top of the current £1m cash & no value at all on the assets. On Zebediala alone if option 1 transpires then URU retains its 33% share of Zebediela at US$111 million
or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company.

0 value on Narke and Nueltin at the moment imo and pretty much the same with Zebediela.

Hearings were scheduled for the second half of 2013 on Zebediela.

The recent research on Zebediala alone just shows this could be a huge multibagger and even more than 2 fold imo. The Narke & Nueltin assets are hugely significant too especially with this week's news on Narke.

DYOR as always.