It's not a positive for Titan that's for sure but given we are...

It's not a positive for Titan that's for sure but given we are likely to keep digging and proving a resource large enough and feasible enough to become attractive to the majors, I don't believe it will affect Titan too much.

The government in Ecuador is encouraging and assisting the mining industry because they realise how important it is to their country. Whether a sovereign risk is attributed to criminals or a government royalty, it's difficult to escape and often it's how a company can minimise the impact.

i have been impacted with Syr in Mozambique, Coal companies in Australia and ATU with a metallurgical coal mine in Canada. It's difficult to overcome at times when it's out of a companies hands but often that's why the risk reward is greater.

With regards to TTM, I feel like they won't be affected with regards to the metals they are associated with and any government effects and I think a major will take them over before a mine is producing and rebels become a threat.