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To: jpthoma1 who wrote (112255)	4/20/2008 10:04:11 AM
From: tyc:>	Read Replies (1) \| Respond to of 312610

Whether the Canadian mining companies boycott Ecuador will surely depend upon the after-tax profit the new regime allows them to retain. They are unlikely to walk away from their mines if they still promise satisfactory profitability.... (and that profitability might be calculated on future expenditures, rather than on total expenditures including moneys already spent) What would you guess to be a satisfactory minimum after tax IRR, to keep them there ? How does that compare with the minimum profitability that sees mines go into production elsewhere ? No doubt profits will be reduced by the new regime. Only if they are eliminated will mining companies walk away.

To: jpthoma1 who wrote (112255)	4/20/2008 3:14:11 PM
From: E. Charters	Respond to of 312610

Nah, Germans will step in and sell the equipment to them as they did in Chile with CDN money. I know a consortium backed by China has been searching Chile and the coast in general for grass roots copper and another group I know has gone to a LA country to set up concessions with Chin $ last week. What surprises me is that the legislature of Ecuador is not evenly divided on the issue. Usually there is more than one group looking to get the concessions after they are found to be "irregular" .. they usually are as bribes were asked for in the first place... but here one group managed to dominate the bribing! That has to be really big money. I rarely see even died in the wool socialists agree on every issue where grass roots ideals and motherhood are at stake. Has to be 'country' money. 95 to one? That guy was on vacation when the bribes were being passed out. We had a line on some small stuff in Asia and LA but risk is really high in some areas, and money for these off the wall ideas is tight as a steel drum on the street right now. Excellent idea, to puff up small copper properties and look for blue sky. Excellent idea for 2 years now. But just try to sell it to the average investor who is boggled by financials scare headlines and R talk. They are rattled. Totally. Some flow thru is still selling but that is about it. EC<:-}