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Gold/Mining/Energy : ARU.V Aurelian Resources Inc
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To: FEARLESSF who wrote (184)2/26/2007 10:54:26 AM
From: AuBug  Read Replies (1) of 516
 
"Well you may find it a useless generalization but the fact still remains. Ecuador has no income tax, royalty tax or profit share. One of the reasons mining companies like South America is it's relatively low or non existent taxation.

ARU has also been working in Ecuador for over 5 years with no problem to any of your other concerns. The same cannot be said about the US."

Ecuador could impose a tax any time they want. Ecuador could nationalize ARU.v any time they want just as Morrales did in Bolivia with no compensation. Take a look at the history of KRY in Venezuela, how many years have they had a delineated gold deposit? How many years have they been waiting to get a mining permit? How many companies have been nationalized in the mean time?

To claim Ecuador is safer than Nevada is the most laughable thing I've ever heard.
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