Ann: Oposura Drilling Update, page-14

Worst (plausible) scenario (for current shareholders) is for Oposura to proceed, and be funded with a high (eg 75/25) equity/debt mix, priced to reflect the SP’s current multi-year low (eg 10-12c). This would obliterate longs

Imo shareholders should hope Teck sticks around, because the company will have zero ability to fund capex at alacran, particularly once its saddled with debt and the register is groaning under the weight of all the new shares

This is a common sense outlook and shared by the market at large. Azure bulls focus too much of the prospectivity of tenements, but give scant regard to the challenges associated with the transition from explorer to producer