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Message: Why SELL their Ecuador Property ????

Off the cuff, I'd say exhaustion has set in. After two years of delays (don't forget, CTQ was shut down well before the mining mandate) and with Ecuador's economy going down the tubes, maybe they've just had enough? They're in at a low price I presume, plus some of their options should be profitable. Not the best end to the story, but understandable in light of everything that's happened. The alternative is what? Try and raise capital in this market and build a mine? How many years, and how much dilution will that take? And what will copper fetch at that point? And how much will Ecuador take as their Fair Share? Too many variables, no? If I had a profit, and could start over again somewhere else, maybe I'd be looking at Peru, or even Colombia. That's contiguous geology down there. It doesn't stop at the border. Take a look at Ventana's recent results: 57.4 M of 8.66 g/t AU. Not too shabby.

ebear



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