CJR,

Thanks for sending us that article! Two points stood out for me which I have pasted below. Sounds alot like our situation? Maybe Venezuela isn't out of line in asking for their royalty payment and then a tax on profits. Ecuador gets part of the gain with no investment?

Teutracker

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"Once they begin production, however, at least half the mines' profit must go to Ecuador.

Ecuador will derive its profit interest from a combination of taxes and levies. They will include a 5 per cent net smelter royalty, corporate income tax as well as a windfall profit tax."

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