Ann: Drilling Update on Alacran Project, page-25

Spare me the lectures soothsayer.

I think I know who's doing the trading and there is a huge discrepancy between Australian based miners that are favoured by some analysts and an unknown in Mexico, with assets and costs the analysts can't quite grasp. Some traders are making a killing with this knowledge, and what's to come. Some of them brag about their holdings, you're a bit more cautious on that front at least.

If Tony and team hadn't made significant discoveries some of what you say might hold water. But it's so clear you're into sledging I'm not addressing your individual slurs. In this case, you're pretty badly out of line, as most of what happens in Board Rooms is confidential and you know it. I would point out though that when you call Directors by name, they can sue in their own right.

It has been announced that forward sales of zinc have been offered for Oposura. PEA mid 2018 and feasibility study then starting immediately, with a decision to mine mid 2019 is a reasonable and fast timetable. What kind of processes are you used to? Find a resource, and mine it regardless of any formalities and checks? You think the market will completely disregard the PEA? What about Sara Alicia?

And what is the need for a zillion question marks in a row? Make your points unemotionally and you might have more credibility.

You're always protesting just that bit too much for my liking. If AZS is so bad, you can always walk (but you won't will you?)....