Update on IRR from the LSE blog, page-8

A great insight Sol1. I completely concur

I think even the hard line socialists in Ecuador will be looking at the horrendous decline of the once mighty Venezuela caused by socialism morphing into a religion.   Pragmatism will prevail. The major miners will bring in far more than the 10.2 Billion IMF bailout over the next few years.  The politicians  know oil is the next declining energy source after coal.  NM predicts Ecuador is another Chile for copper but with far more accessible deposits.  Solg is winning hearts and minds by employing educating remediating and communicating.