Ann: Joint Venture with Rio Tinto, page-30

Haven't had time to go through the announcment completely but this sure stands out.

In addition, to account for the considerable value already created by Azure with the definition of the Promontorio and Cascada deposits, upon the formation of the JV Kennecott will credit Azures’ JV account with an amount equivalent to five times Azures’ total expenditure at Promontorio to the date of the formation of the JV.

Yep - lots of cash coming back to AZS