antimineros


Overall Survey Results:


EMN Investor's Concerns Survey


1Required How long have you been a mining investor?
 
Answer
0%100%
Number of
Responses
Response
Ratio
0 to 6 months
   
1 2.0%
6 months to a year
   
2 4.1%
1 to 2 years
   
7 14.5%
2 to 5 years
   
7 14.5%
5 years or longer
   
30 62.5%
 Totals48100%
2Required In which firm(s) do you currently own stock?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Ascendant Copper (TSX:ACX)
   
6 12.5%
Aurelian Resources (TSX:ARU)
   
27 56.2%
Channel Resources (TSX:CHU)
   
2 4.1%
Cornerstone Capital Resources Inc. (TSX.V: CGP, OTC: CTNXF)
   
7 14.5%
Corriente Resources (TSX:CTQ)
   
13 27.0%
Dhanoa Minerals (OTCBB:DHNA)
   
1 2.0%
Dynasty Metals and Mining Inc. (DMM: TSXV)
   
12 25.0%
Ecuagold Resources Ltd. (TXSV: EGR)
   
6 12.5%
IAMGOLD Corporation (TSX: IMG, NYSE: IAG)
   
9 18.7%
International Mineral Corporation (TSX:IMZ)
   
1 2.0%
Mariana Resources Ltd. (LSE: MARL.L)
   
1 2.0%
Miramonte Mining A.G.
   
1 2.0%
Oromonte Resources Inc. (TSX-V: ORR)
   
2 4.1%
Plexmar Resources
   
2 4.1%
River Hills Resource Corporation S.A.
   
1 2.0%
Salazar Resources Ltd. (TSX-V: SRL)
   
5 10.4%
Spirit Exploration Inc.
   
1 2.0%
Wega Mining (OAX:WEMI)
 
0 0.0%
Other
   
7 14.5%
 Totals48100%
3How much are your current shares worth (USD)?
 
Answer
0%100%
Number of
Responses
Response
Ratio
$0-$25k
   
9 19.1%
$25k-$50k
   
6 12.7%
$50k-$100k
   
6 12.7%
over $100k
   
25 53.1%
 Totals47100%
4Required Using the following, please qualify the level of concern each of the following issues causes you.
 
 1 = Great concern , 2 = High concern , 3 = Average concern , 4 = Little concern , 5 = No worries
Answer
12345
Number of
  Responses
Rating
Score*
Threat of open-pit mining ban
   
46 2.0
"Flip-flops" of Correa and administration officials
   
46 1.5
Constituent Assembly reforms to the mining law
   
46 1.6
70% windfall tax (WFT)
   
47 1.6
MMP draft reforms to the mining law
   
44 2.0
Proposed individual royalties
   
46 2.3
MMP revocation of 587 mining concessions
   
46 2.5
Environmental extremists, green NGOs
   
47 1.6
General political uncertainty
   
46 1.6
*The Rating Score is the weighted average calculated by dividing the sum of all weighted ratings by the number of total responses.


5Required What is your main reason for opposing the WFT included in the Tax Reform legislation?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Base price uncertainty at time of contract signing
   
20 41.6%
It scares away the majors from JVs or other partnerships
   
20 41.6%
It is the wrong time because companies are in their exploration stage
   
21 43.7%
It will throw cold water on investors' faith in high returns
   
16 33.3%
It will tax the company regardless of losses it may incur
   
23 47.9%
Other
   
3 6.2%
 Totals48100%

6Required The Ecuadorian government has announced it will introduce its first-ever royalties. What percentage royalty do you consider acceptable?
 
Answer
0%100%
Number of
Responses
Response
Ratio
1-3% as in Peru
   
24 50.0%
3-5% as in Chile
   
24 50.0%
5-7% as in Bolivia
   
4 8.3%
over 7%
 
0 0.0%
 Totals48100%

7Why did you invest in mining firms with Ecuador holdings?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Ecuador appeared to be the next mining frontier
   
15 31.9%
Because of the attractive mining law modified in 2000
   
2 4.2%
The company in which I invested had huge potential
   
23 48.9%
The mineral wealth of Ecuador's neighbors such as Peru and Chile
   
3 6.3%
Relative political stability
   
1 2.1%
Other
   
3 6.3%
No Responses
 
00.0%
 Totals47100%
8Have you sold any portion of your shares due to unease?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes, I fully divested
 
0 0.0%
Yes, I partially divested
   
19 40.4%
No, but I'll divest as soon my company gets a JV
   
4 8.5%
No, I'm optimistic and don't plan to sell
   
15 31.9%
I'm open to the possibility of buying more stock
   
8 17.0%
No Responses
   
12.1%
 Totals47100%

9Required Do you generally agree with the tactics of environmental activists and international green NGOs operating in Ecuador?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes, they protect the community's interests, and Ecuador's rich biodiversity.
   
1 2.1%
No, their motives are unclear, and they frustrate development in poor countries.
   
38 80.8%
I am unfamiliar with the way they operate.
   
8 17.0%
No Responses
 
00.0%
 Totals47100%

10Do you think the Ecuadorian government understands the added value mining can bring to the country in terms of job creation, improved infrastructure, and corporate responsibility projects?
 
Answer
0%100%
Number of
Responses
Response
Ratio
No, the government only seems to care about direct income from mining.
   
19 39.5%
Yes, the government partially appreciates these benefits.
   
23 47.9%
Yes, the government fully understands these benefits.
   
4 8.3%
 Totals48100%

11Is Ecuador still worth the financial risk?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes, it's worth every penny. The regulations will be manageable.
   
22 46.8%
No, Ecuador is still a banana republic, and doesn't understand mining.
   
8 17.0%
Other
   
17 36.1%
No Responses
 
00.0%
 Totals47100%

12Other investor concerns
 
 Number of
Responses
  20
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