THE BOLDED LINE BELOW be the most important line to clarify. It follows in line with what has been reported repeatedly. They are having a filed day today with the SP. DMM hasn't suffered much, just goes to show that with a find like ARU when there is a lot of money to be made they will try whatever they can to get a piece of it JMO

" Today he clarified that position indicating that he meant he was referring to industry by industry not company by company.
Ecuador previously had said it wanted to begin charging
royalties in the mining sector, details of the government's
proposal will be laid out in a draft proposal in December. He did indicate however, that it will be in line with Chile and Peru (which is in the 3%-5% range).

crzyhors