1. Timing: In addition to the Ecuador mining issue, the current environment for Junior miners is also the worst it has been in years. This is mainly as a result of the difficulty in obtaining financing, something that ARU did not need to do for at least 1 year.

But which, when needed, can easily be obtained through Ecuadorean banks at competitive rates with govt. underwriting.

Note to miners in Ecuador: A source of financing right under your nose - Ecuador's Oil Revenue. Talk to them. Show your solidarity with 21st Century Socialism. For the good of the people, keep it in Ecuador.

ebear