To: riversides who wrote (112374 ) 4/21/2008 6:07:37 PM From: Rocket Red Read Replies (1) | Respond to of 312363 Aurelian Resources Inc. (ARU $3.73 -$1.31) Corriente Resources Inc. (CTQ $3.28 - .82) Dynasty Metals & Mining Inc. (DMM $2.66 - 1.39) Ouch! It looks like Correa, and his crew in Ecuador are once again creating chaos for the miners in Ecuador. One wonders what next as Correa seems one month pro mining and the next week like his comrade in arms Chavez, in Venezuela definitely not pro- mining. One has to remember that this is the same chap that nationalized most of the oil and gas assets in the country so what next. Today Canaccord’s Wendell Zerb, writes “a surprise mining mandate was tabled and approved by Ecuador Constituent Assembly late last week. This mandate describes important changes affecting the mining industry and is being promoted as a way to ensure responsibility to communities and the environment. This mandate however also contains what we believe are negative initiatives which, if taken at face value, could profoundly affect Aurelian’s ability to advance its current mineral deposits.” Zerb, has changed his recommendation on the company from a speculative buy and a $13.00 target to a hold with target under review. Ouch! CIBC lowers their target from $20.00 to $12.00 and wrote. “ Uncertainty is the operative word in this investment. As such, ARU carries a Speculative qualifier that is likely not suitable for all accounts. The quality of the deposit, however, is not in doubt. As one of the biggest pure gold deposits found in the past decade, it is coveted by those losing reserves. Takeovers could offer good premiums to current trading levels. Prices of US$6.50/sh could be offered if the government took a 50% carried interest and the suitor used multiples that were based off of gold prices $150/0z less with a double the discount rate. All three punitive measures are unlikely.” Analyst, Eric Zaunscherb, at Haywood though is no where near as optimistic as he drops his target from $12.00 to $6.00 and he writes, “The Fruta del Norte project is world-class and was a “must own” for senior producers. But a small group in Ecuador’s Constituent Assembly proposes measures that could see expropriation of Aurelian’s land position and the creation of a National Mining Company that could expropriate all or some of Aurelian’s rights. No appeal