Ann: Quarterly Report March 2018, page-9

optimal outcome is teck walks now​

Why? They're fully funding all the exploration work being conducted at Alacran. AZS is free-riding it. How is this undesirable?

second most preferred outcome is teck hits paydirt and continue its exploration program​

This is successful exploration. How is this second to Teck walking now? Bizarre.

least desireable outcome is teck has found nothing of value, but continues exploration anyway​

What? You mean Teck continue with the exploration program, which AZS is free-riding, in the event they don't get immediate success. In which world is this least desirable?

All the above suggests is that Mossberg doesn't have any patience for, or understanding of the upside of an exploration program worth millions, which AZS is free riding. I think the latter is unlikely.

In terms of context, the fact that AZS has other, very valuable projects also seems to have escaped him.