Frustrated holder, page-46

I assume Teck is still analysing Azure drilling results and integrating these with historical geophysical, geological and geochem etc surveys. Maybe also doing there own geophysics or geochems to fine tune porphyry Cu targets. All this take time and needs to be completed prior to deciding on a work program (above referenced from @salpetie ). Teck probably exercised earn-in to take a closer look at the data. If it sees significant potential (by its own standard) they will drill, if not they will walk. In the meantime the clock is ticking. 8.5 months remain to spend $2m (surveys etc may cost $500k to date????)