Alacran, page-4

false claims?
Listen, Teck reached a stage in the exploration expenditure ($2mil by end Dec 2017) under the Agreement between AZS and Teck, in doing that the backin right was activated. If not, no continuing agreement was on foot.

So AZS reported that it has met that requirement AND that it wished to continue.
AZS relayed both essential facts to the market.
There is no issue.

The $10mil expenditure Teck have to reach to trigger the 51% ownership is significant. Whether they find Cu on the first drill results is needlessly raising expectations.

Not the first time we'd had bot activity.

What matters now is enough analysts are able to assess AZS objectively, including the specifics of Mexico and individual costs etc. including the flagship project Oposura and not simply fall for some oversimplified version.

So far, the North Americans have the inside running on that. Australian analysts can be so fixated on conditions they are already familiar with.