Unless something spectacular is revealed in the outstanding drilling, I am inclined to believe that it is unlikely Teck will exercise its 'back in right' over the Alacran mineral deposits. As someone has suggested, Teck could retain some interest in any copper, but leave the silver and gold to Azure. The Mesa de Plata silver deposit is very attractive for Azure as is Loma Bonita, but not of the size and significance that is likely to attract the interest of Teck. If this is the case, there should be a significant re-rating of Azure before Christmas.
AZS Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held