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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (22808)	10/16/2006 1:27:59 PM
From: loantech	Respond to of 78419

LC, I don't think I am being an alarmist as it sounds. Let's assume Ecuador wanted ARU. <Budget: revenues: $8.822 billion expenditures: planned $8.153 billion; including capital expenditures of $1.6 billion (2005 est.) Public debt: 40.1% of GDP (2005 est.) > cia.gov Let's say they find 15,000,000 ounces and it is cheap to mine. Maybe that would be worth 300 per ounce with 800 POG. That is 4.5 billion. They could retire their national debt. Maybe a reason to grab an asset no? Just a theory it may not hold water. Tom