The Rising Influence of Rising Affluence

[yellowrocketship]

ECMLF (EcoMetals) has recently announced its intention to resume drilling on the potentially world class gold target Rio Zarza, which is adjoining Kinross Gold's 13.6 million ounce deposit in Ecuador.

News can be found by looking up EcoMetal's Canadian stock ticker EC:TSX Venture (closed at 0.225 Cdn, +25%).

What is so significant, and why have over 12 million shares traded in the past three trading sessions?

Simply put - the stock traded as high as $5/share in late 2006 going into 2007. The government of Ecuador imposed a mining and exploration moratorium as it revamped its mining laws, and naturally all companies operating in the country took a big hit in their share prices.

Fast forward a few years, and the same companies with the same properties are now starting to get green lights on their projects.

EcoMetals is one of those projects, and is the only company in close proximity to Kinross's massive gold deposit.

Shares have already started taking off on high volume, as speculators flood the gates in anticipation of a very successful drill program.

Will we see the old high's of $5 again? Not right away, however I fully expect to see this move past $1.00 in the short term.

As a significant side note, they also have commenced shipping maganese from Brazil, which is expected to add instant cash flow to the company.

Due your due diligence. EC looks very promising at these prices.