The fact is no mining royalties are payable in Finland with very...

The fact is no mining royalties are payable in Finland with very considerable Finnish state support for this kind of mining project.Remember the Finnish state is in the equity for about 5 % with Nordic investors making up about 50 % of the investment funds in URL Vulcan .Also the Finnish government is in the process of finalizing an important paper on support for mining projects in Finland which is due out in September - Finland closes July for the summer.This is highly relevant for URL Vulcan . Russian investment is moving into mining in Finland in a big way. The Finnish govenment mad a huge boo boo in selling the Okumpu assets too cheap .The URL Finnish assets are incredibly undervalued in the URL books and share price. It is certainly an interesting take over play at current sp level.It is a strategic play for cobalt , nickel ,copper , zinc , gold a veritable mini Broken Hill with huge up side in the nickel assets and seams that head east to the Russian border in the long term providing interesting plays with Russian entities . All in all a wonderful arbitrage play and long term investment which requires a couple of bigger institutions on the balance share register. The Australian Rudd mining debacle makes the Finnish investment stand out. Incredibly undervalued in AUD terms with a sinking euro giving it added spice on the operating side.