Re: Sliding scale royalty
posted on
May 27, 2008 11:58AM
In my opinion the market will not react to a draft mining law in Ecuador. Because of what happened on April 18, there is a major trust factor here. If this was the final law then I think you would see a huge spike upward. Given that, I'm sure Sprott's and BMOs of the world are quite encouraged by this and have their fingers on the trigger when the final law comes out shortly.