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

"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.