Downer, page-20

Yeah yeah yeah. Very witty.

At the risk of stating the obvious, quite simply both sides have to comply with the terms of the Back-in agreement. Teck must spend significant amounts of exploration money within specified times. They can't just take it back.

Teck didn't bother with Alacran earlier because they're a big company which had made a lot of blunders, heavily investing in the wrong commodities for one. They didn't see the obvious.

When AZS (who can't do anything right according to some posters) made significant Au and Ag finds at Alacran, suddenly Teck got interested again.

These days they're apparently dragging the chain.

Delay delay delay.

It would have been better if AZS were ahem, "less good" at exploration first up, and it was AZS dragging the chain.

Oh look sorry we found nothing .... How about letting Alacran go then?

But no. We have to play a straight bat.

Simply put: we're victim of our own exploration success and in Twistie terms, being squeezed by one of the big boys. Is this deliberate or just a feature of the general slowness and cluelessness of big companies? I'm inclined to think the latter.

On the upside, if Teck have drilled in the right places, this could be a winning story on the Cu and Alacran in general.

Meanwhile we have Oposura and other projects.