Ann: High Grade Results Continue at Oposura, page-119

Mossberg you are right that we don't know how much dilution Azure will require through to production, but neither do you.
According to Tony's presentation, construction and production at Oposura will occur in late 2019. Now we all agree that 2019 is optimistic, but it is likely to be in early 2020. That is about two years, not five or six.

Alacran is a long way from defining a resource and if it exists, bringing it into production, but it certainly has potential. Teck are interested and so are we.

Sara Alicia also looks promising.

I am clear about the 'drivers' of value for Azure, they are 1. The short time frame to production and earning at Oposura. 2. The potential of Alacran as 'blue sky', but as yet unspecified and 3. The unknown potential at Sara Alicia.

Of course Azure will need funds to develop. This is standard for all explorers. But Oposura will be relatively low cost production. I accept the risks but balance it against the potential rewards.

Azure's share price is slipping on low volume trades, while we await forthcoming announcements. Most days there are between 15 and 30 trades for a volume of about 100,000. Share holders are waiting and watching. The significant shareholders are not moving.