I know I may sound negative but the goal of these boards is to 'inform' investors not to pump it up.

Alas .. here are the negative  facts

• There are two types of licenses in Ecuador and the small producer license regulations been there for a long time.
• DMM could have qualified for this license years ago, they never applied for it because it did not suit their goals. so optaining the license is not a change in situation at all.
• The license according to current grades allow for around 20K ounces in a year of production, this is not at all far from what is going on now.
• The fact they actually applied for this license shows that they are acknowledging that they can not in the near future get the full license. something which myself and anybody who went to PDAC and talked to the Ecuador delegations (not DMM) could have told you last year.

Now the positives may include

• No More dilution, as 20K ounces should generate profit in the range of 10Mil per year, that should cover all expenses going forward.
• If Kinross get its own mine license (in a few Months or years, who knows) then DMM would look like a good take over target (but it will take Kinross years before they do that as they have to pump 1.5B$ before production starts so they will not jump to acquire more, they have already enough ounces to mine for 20 years.
• If Korea gets re-elected there is a possiblity the situation will settle for his own good.

I say this as I know fully the extend of how hard it is to get the license in Ecuador these days, and because as an investor who lost money on this stock, I would not like to see others lose money on false hope.

Good luck to all.