http://www.ecuadorminingnews.com/new...
Clearer Horizon for Ecuador’s Mining Industry
Well, there you have it. A reasonable mining law with no WF Tax, and a maximum 8% royalty (no doubt the compromise for dropping the WF tax). About what we were expecting.
Note the JV provisions too. You don't have to JV with us, but we're here if you want to. Wasn't that nice of them? Having trouble finding a partner or arranging financing on Bay St? No problem. Door's open, just like in Chile.
Are you reading this Patrick? Keith? You see what you gave up? You see what you walked away from? Truly pathetic.
Alright then. Govt. willing to JV. I guess that gets Kinross off the hook for financing. Maybe I'll hold those shares after all. Hell, if they set up a good partnership there's no way they'll be bought out, so maybe those warrants will pay off too? Still, it would have been nice to do it ourselves now that the clouds have cleared, but for that you need visionaries, and there's scant few of those left in this industry.
ebear