Ann: RIU Sydney Resources Round-Up Presentation - May 18, page-22

Hi Salpetie nice to see you back,

I believe the time frame to prove that Oposura is worthy of mining considering what has been found already could easily be fast tracked to make that “decision”, as you know to optimize and expand the Oposura mineral resource, Azure significantly increased the number of drill holes within and surrounding both the East and West zones as shown in the recent Ann regarding Oposura, surely they can push forward to make a executive decision if we are going to pursue mining with the knowledge we have already here......

however long the time needed setting up the plant takes to get that happening at a fast track momentum pace I would be guessing, however a decision to mine could easily be made way before the end of 2019, in actual fact they could make a decision this year to aim for production and start a plan in action, again when production would start who knows, I realize there will be few hurdles to jump... but if they were proactive in this direction we could see some serious incline in the SP.. its not so much the response as it is the time to just make executive decisions...

In regards to snail pace, well again read above, time lines to even make decisions are too long, lets not concern ourselves just yet with production time lines with this mob, lets concern ourselves when they are happy to make a decision to mine...see the pattern here Salpetie

In regards to your Admin $$ response... you are way of mark; I never said it was 50K a month, that might seem fair actually... I said 50K+ a week, which is ludicrous.. Since you want accuracy I did the actual figures just on admin and staff costs for the last qtr on a weekly basis... its mind blowing..

There was 13 weeks in last QTR... $814,000 spent on admin and staff alone, nothing to do with exploration or other unexplained spending... a whopping $814K, that’s actually over $62K a week, so I was out at $50K a week as it was a rough calculation without a calculator.. $62K a week Salpetie, what do you honestly think about that?

Mossberg is on the right track to have them challenged regarding the packages, refer to his posts for your answer regarding challenging packages....

Can I change anything you ask? No in blunt... would I like to?.... hell yeah

Regarding your last question... yes Azure is currently different than some listed explorers, why, cause they have a decent bank balance for 1, 2 they have already got proven resources that seem worthy of mining with much more to come.... 3, Teck wasn’t and still isn’t to be taken lightly, IMO the back up here from Teck puts Azure way ahead of other exploration coys... in actually fact we could be closer to being a producer than any other non producing explorer on the ASX if we got our act together... there are a couple seemingly getting close, but still IMO Azure are currently in a good position to get this happening... but as I keep saying time management and lavish spending and obviously decision making seems to be against them as a company, too much of "living the good life" creates no urgency, and believe me it would be a good life on that fat salary.....

Hopefully I covered some of your questions..