Very interesting points. At the end of the day though the question is "Will the mining industry develop in Equador?" Based on what I've read I believe it is doubtful based on current circumstances.

I agree. With today's copper prices CTQ is probably toast. Kinross? Well, they'll probably slow-track FDN - spend just enough to meet the legal requirements and hope for a change of government somewhere down the road. Could be a long road though if Venezuela is any guide.

ebear