Before we initiate negotiations we do a very detailed analysis of the tax consequences. In our opinion, Panama sells goods and we sell services. This mine will not belong to us, it will belong to Inmet. We employ the engineers who will design and build the mine. Consequently, we have representatives and a project office there. We pay very close attention to the economic circumstances of the staff that are there.
On November 17th, 2010. See this statement in context.